Kairos Holdings (fka KROH)

[Walworth]

KROH: Last PR;.......................................


KAIROS Holdings Inc. Open Letter to Shareholders
Thursday June 9, 9:15 am ET


ORLANDO, Fla.--(BUSINESS WIRE)--June 9, 2005--KAIROS Holdings, Inc. ("Company" or "KAIROS") (OTCBB:KROH - News), CEO Mark Width has provided the following information to all shareholders and the investment community outlining the Company's progress in restructuring.
ACS Holdings, Inc. recently completed a formal restructuring on May 20, 2005 whereby the Company changed its name to KAIROS Holdings, Inc. and completed a 1250 to 1 reverse split, including the authorized as well as the issued and outstanding. The Company also approved two additional classes of Preferred Stock as well as reversing the authorized, issued and outstanding.

KAIROS has established a core team to take the Company forward as an operating Business Development Company (BDC) under the Investment Act of 1940. The Company will be adding additional independent board members in the near future.

KAIROS has identified the following markets as the direction the Company will pursue as a BDC: Mortgage Banking; Real Estate Investment; Financial Services; Financial Software; and Patented Technology.

Recent events

As previously announced the Company entered into a Letter of Intent to acquire 49% of a financial services software developer. The software developer provides system services to ISO/MP organizations. The software automates the process of tracking sales and merchants in their backroom environments through a modularized system. The Company is currently performing its due diligence.

The Company has also identified several prospective investment/acquisition candidates in the aforementioned markets and is in negotiations with several companies to enter into Letters of Intent.

Safe Harbor

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.



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Contact:
For KAIROS Holdings, Inc., Orlando
KMA Capital Partners, Ltd.
Jack Craig, 407-370-4300
Fax: [phone]
[e-mail]
http://www.KMAcapital.com



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Source: KAIROS Holdings, Inc.