Kallo Inc. (KALO)

[kingpindg]

Some notable updates from today's 10-K/A...


Re: Ghana...

To date, the Ministry of Health of the Republic of Ghana had approved the detailed technical specifications proposed by Kallo and the "Value for Money" audit has been completed. A financial institution has submitted a formal term sheet for the required credit facilities to the Ministry of Finance of Ghana. We expect the final approval by the Ministry of Finance and the Parliament of the Republic Ghana to come shortly.

Re: Republic of Guinea...

The Government of Guinea has been looking into securing funding for the Kallo MobileCare Project for US$200,000,925 and a financial institution has come to the stage of agreeing on the terms requested by the Government of Guinea based on their acceptable economic framework for such projects. We expect the final documentation between the financial institution and the Government of Guinea to be completed shortly, which would trigger the release of Kallo's down payment for the project initiation and production.

And, perhaps the most encouraging change...

The following statement, from the original 10-K and first 10-K/A, no longer appears in today's 10-K/A...

There is no assurance that we will sell any products to the Republic of Guinea or that the Republic of Guinea will pay us any sums of money

.