updated 1/13/2011 9:17:12 AM ET 2011-01-13T14:17:12

BALTIMORE, Jan. 13, 2011 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a statement today detailing the company's revenue projections for 2011.

Robert Matthews of Kalahari Greentech states, "$7,600 will pay for 4 collectors over 88 square feet which will produce 5 kilowatts on an average solar day. Current federal energy rebate incentives may reduce the unit cost to the consumer in the range of $4,000 to $6,000."

According to the American Housing Survey, there were 128,203,000 housing units in the United States in 2007 (Source: www.census.gov ). According to the U.S. Department of Energy, the 2008 average household energy usage is 1.26 kilowatts continuous, or 920 kilowatt-hours per month, yielding an average bill of $103 (Source: http://www.eia.doe.gov ). The total domestic electrical energy costs is roughly $13 trillion annually.

Gunther Than, President of Kalahari Greentech, states, "1,000 Tri-Brid systems can produce revenue of about $8 million. We have received inquiries, not only domestically, but internationally, from companies in Canada, Thailand, Peru, Bulgaria, Brazil and others. We have also received a serious investment inquiry from the Middle East, and are pursuing a relationship with the group."

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.

CONTACT: Investor Relations Inquiries
         Please email info@kalaharigt.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com