King Resources, Inc. (KING) Grid Grabber Targets 1,000 New Installations For Fast Food Industry
April 11 2012 - 3:45PM
Marketwired
King Resources, Inc. (PINKSHEETS:KING) www.king-resources.com
projects 1,000 new installations of Grid Grabber
www.gridgrabber.com. In months coming, Grid Grabber has set up
meetings with a couple of major fast food chains, that have great
devotion to reducing their carbon footprint on the environment.
Once the deal is completed the Grid Grabber project has the
potential to be installing over 1000 units in different locations
across North America in the upcoming months.
The recent merger announcement of Grid Grabber with KING kicks
off the launch of the Grid Grabber.
Scheduled plans include first tree units will start being
installed as early as next week.
Management reports local businesses are showing positive
interest in the Grid Grabber. All necessary components have been
ordered, and fabrication has begun to prepare 3 units for installs.
The types of businesses that are coming on board are:
-- Auto repair shops,
-- The first of many convenience stores,
-- Dry cleaners.
Next planned, targeted and or scheduled installations:
-- An indoor rock climbing facility
-- Non-profit organization that sends clothing to 3rd world countries.
KING management is of the opinion that all of these businesses
will benefit from great savings since their hours of operation are
during on-peak charge times according to smart meter rates. Once
the 3 units are installed, monitoring will begin, and preparation
of additional units will commence for further installations later
in the month.
In other company news, KING management has received inquiries
regarding its recent share price fluctuations. The management does
not comment on this issue publicly or privately. Company will
however remind its followers that its security is widely held, and
the Company affirms its prior statement that it is not engaged in
any sort of dilution or toxic financing. KING asks its followers to
review the Adequate Disclosure (CE) documents filed with OTC
MARKETS http://www.otcmarkets.com/stock/king/quote for all
corporate updates. On that note, the company has heard back from
OTC Markets re its current CE filed, and the company's aspirations
to reach "Current Issuer" ranking. KING is well under way in the
process of furnishing OTC Markets the required documentation.
More details will follow shortly and frequently.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of King
Resources, Inc., that constitutes forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. King Resources, Inc. cautions you that
any forward-looking information provided by or on behalf of King
Resources, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. King
Resources, Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond King Resources,
Inc.'s control. In addition to those discussed in King Resources,
Inc.'s press releases, public filings, and statements by King
Resources, Inc.'s management, including, but not limited to, King
Resources, Inc.'s estimate of the sufficiency of its existing
capital resources, King Resources, Inc.'s ability to raise
additional capital to fund future operations, King Resources,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match King Resources, Inc.'s capability
to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made.
King Resources, Inc. does not undertake any obligation to publicly
update any forward-looking statement.
Contacts: Investor Relations www.minamargroup.net/helpdesk
Investor Relations Department Inquiry www.minamargroup.com/updates
King Resources Inc.corporate@king-resources.com
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