KCM Holdings Progress Update: Fast Start for Breakout 2010 in Technology Entertainment Insurance
15 March 2010 - 9:00PM
Marketwired
KCM HOLDINGS CORP. (PINKSHEETS: KCMH) announced today the Company's
2010 progress update for its incubation portfolio. Despite the
sluggish 2009 economy, KCMH reported a sixty-five percent increase
in revenues and record earnings. KCMH has maintained that trend,
having experienced a rapid start in 2010 through incubation
services to three emerging companies: GEENIUS, a patented software
company; KidEQ, a children's education and entertainment company;
and KCM Insurance Services.
For GEENIUS, the patented knowledge networking company, KCMH
anticipates the S1 registration to be filed during this quarter.
This will enable GEENIUS to become a publicly traded OTC:BB
company. GEENIUS will then be combined with KidEQ, which was
originally launched by KCMH in 2007 with its first DVD release, is
currently being reconfigured with an infusion of new resources to
deliver content online combining entertainment and educational
innovation. Finally, KCM Insurance Services (KCMIS), representing
KCMH's fastest growing revenue model, scaled from 10 agents to over
45 agents during the first 60 days of 2010. KCMIS is on pace to
reach a minimum 300 agents by yearend. Insurance revenues have
accelerated as expected according to Donald Klein, KCMH's Chief
Executive Officer.
"We are extremely pleased with this quick start to what should
be our breakout year. We expect to exceed all of our 2010 goals,"
states Klein. "KCMH is expected to announce more detailed
information specific to each of its incubated companies during the
upcoming weeks."
KCMH on Twitter: www.twitter.com/KCMHoldings
About KCMH: KCMH is a strategic business development holdings
company. www.thekcmgroup.com.
Disclaimer Forward-Looking Statement The contents of this Press
Release may include forward-looking statements within the meaning
of United States securities laws and Private Securities Litigation
Reform Act of 1995. Forward-looking statements are only predictions
and should not be relied upon for investing decisions. Actual
results might differ materially from projected in the
forward-looking statements for variety of reasons, including market
conditions, competition and new regulatory requirements. Forward
looking statements involve known and unknown risks, uncertainties
and factors that may cause the Company's actual results, activity
levels, performance or achievements to be materially different from
future results, activity levels, performance or achievements
expressed or implied by the forward-looking statements. We cannot
guarantee future results, levels of activity, performance or
achievements.
Contact: KCM HOLDINGS CORP., Frisco Donald Klein, President
1-888-897-5274 info@thekcmgroup.com
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