NEW YORK, Nov. 29, 2005 (PRIMEZONE) -- Karrington Holdings Corp. (Pink Sheets:KGHC) announces approval of a Three-for-One Stock Split. This action was taken at a special meeting of the Directors held on November 28, 2005.
Stockholders of record, as of the close of business on October 29, 2005, will receive three-for-one shares of Karrington Holdings Corp. common stock for each share of common stock held at this time, to be distributed on December 12, 2005.
For further information please contact Mr. R. Revell Murphy at +420 731 850 293.
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.