SEATTLE, March 7, 2005 (PRIMEZONE) -- Karrington Holdings Corp. (Pink Sheets:KGHC), announces today that under the guidance of the company's founder and CEO, R. Revell Murphy, the corporate management team have identified five major investment sectors giving the company an ideal opportunity to increase their asset and revenue base.
Specifically, Karrington is proceeding with negotiations involving significant involvement in the music recording and distribution field, an international involvement in the diamond cutting and marketing industry, the European hotel industry, as well as major land development in Montreal, Canada. Management is pleased with the diversification investment opportunities which it is reviewing, and anticipates progressing in all these areas via proactive negotiations which are now taking place.
For further information, please contact Mr. Daniel Seifer at 1-248-3210121.
Forward-looking statements in this release are based on current expectations, which may differ materially from actual results. Forward-looking statements include, without limitation, those regarding management's plans, objectives and strategy for future operations, production plans and performance, management's assessment of market factors, and future financial performance and fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Among factors that could cause actual results to differ materially are changes in business conditions, changes in the industry and the general economy, competition, changes in service offerings, risks associated with Karrington's history, entry into developing markets and new product lines, and managing rapid growth, and risks associated with international operations, dependence on effective information systems and the development of the Company's current and anticipated products.