updated 8/31/2010 4:45:49 PM ET 2010-08-31T20:45:49

BALTIMORE, Aug. 31, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) announced today that at its regular meeting held on August 24, 2010, the Kalahari Greentech Board of Directors voted to issue a special dividend of one share per each share payable to holders of record of Common Shares as of the close of business on September 30, 2010.   

Said Kalahari President Gunther Than, "Having launched two major technologies to transform the company into a major player in the 'green technology' arena, this special dividend keeps a significant portion of ownership in shareholders hands while maintaining adequate capitalization and proper financial leverage."

More information can be found on the company's website, www.kalaharigt.com .

About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.

Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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