BALTIMORE, Dec. 1, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released an update today on the distribution of the dividend of shares for its shareholders with a record date of October 18, 2010. 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. 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 book form on the records of the transfer agent. There is no action required on the part of the shareholders.
Kalahari Greentech appreciates the patience and cooperation of its shareholders during this process.
Please visit Kalahari's website at 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 410-242-0763