updated 12/6/2010 3:45:43 PM ET 2010-12-06T20:45:43

BALTIMORE, Dec. 6, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a correction today to the press release issued last Wednesday regarding the dividend distribution process. Action is required by shareholders who wish to obtain their dividend shares.

The shares will be distributed by Kalahari's transfer agent, Wall Street Transfer Agents, starting on December 1, 2010. All shareholders of record as of the record date of October 18, 2010 will receive their share(s) in paper cert form from the transfer agent upon request.

ACTION REQUIRED: All shareholders of record as of October 18, 2010 who wish to obtain their dividend shares must contact Wall Street Transfer Agents by phone at 604-542-7440 or 866-455-9782 to request their shares and to verify their correct mailing address.

On August 24, 2010, the Kalahari Greentech Board of Directors voted to issue a dividend of one share per each share owned issuable to shareholders of common stock as of the record date of October 18, 2010. Kalahari has submitted all necessary documentation to FINRA and has received approval to move forward. An informational mailer will not be disseminated; this announcement should be accepted in lieu of a mailer.

Kalahari Greentech apologizes for the miscommunication, and appreciates the patience and cooperation of its shareholders during this process.

Please visit Kalahari's website at www.kalaharigt.com to learn more about the company's latest innovations.

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.

CONTACT:  Kalahari Greentech
          Investor Relations

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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