Keros Capital Report: 1st NRG Corp. Appoints 40 Year Veteran Dr. Charles Kohlhaas as CEO

    FERNDALE, WA, Sept. 16 /CNW/ - 1st NRG Corp (OTC BB: FNRC
is pleased to announce the appointment of Dr. Charles Kohlhaas as its Chief
Executive Officer. Dr. Kohlhaas is a proven oil and gas executive with over 40
years of worldwide experience in the oil and gas industry.
    Dr. Kohlhaas is a graduate and former Professor of Petroleum Engineering
at the Colorado School of Mines with a Ph. D in Geophysics and an
undergraduate degree in Petroleum Engineering. Early in his career he spent 17
years with Mobil Oil Corporation and Atlantic Richfield (now BP NYSE-BP). He
was a founder of Kelt Energy (now Perenco), and consulted for numerous other
major and independent energy firms. Dr. Kohlhaas is a noted authority on
petroleum geophysics and has written extensively from his field of knowledge
and application.
    The Board of Directors of the Company is pleased with the addition of Dr.
Kohlhaas and views this as the first step in building a well rounded
management team capable growing and building the company. Dr. Kohlhaas'
corporate experience in production, development, and management will bring the
needed structure and corporate personality to 1st NRG Corp that will make it

    About 1st NRG

    1st NRG, Corp. is a development stage oil and gas company focused on
acquiring, developing and operating petroleum based facilities in the Western
Hemisphere. The management of 1st NRG Corp. intends to focus on acquiring,
developing and operating oil and natural gas properties.

    Additional Information on 1st NRG can be found at

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    1st NRG operates in the Oil Energy sector. Other oil energy developments
include, Crude closing below $100 a barrel for the fist time in 6 months with
analysts expecting a further drop in price on expectations of a slowing world
economy. Venezuela's state news agency says the country has increased its
proven oil reserves by 9.4% in the past 3 months. Top oil companies were down
at close of trading yesterday: Chevron (NYSE:   CVX) down 4.9% on 17.4M shares,
ConocoPhillips (NYSE:   COP) down 6.4% on 17.3M shares, Exxon Mobil (NYSE:   XOM)
down 5.5% on 40.2M shares, Marathon Oil (NYSE:   MRO) down 11.3% on 8.3M shares,
Origin Oil (Nasdaq:   OOIL) down less than 1% on 782 thousand shares.
    Other sector news on the Keros watch list include: Lehman Brothers (NYSE:  
LEH) down 94% on 468M shares, Bank of America Corp. (NYSE:   BAC) down 21.3% on
278M shares, AIG Group Inc (NYSE:   AIG) down 61% on 741M shares.
    Small Cap market stocks to watch are Goldspring Inc (OTCBB: GSPG) down 6%
on 24M shares, SpongTech Inc. (OTCBB: SPNG) up 3.6% on 17M shares.

    Disclosure: All material herein was prepared by Keros Capital Inc.
(Keros) based upon information believed to be reliable. The information
contained herein is not guaranteed by Keros to be accurate, and should not be
considered to be all-inclusive. The companies that are discussed in this
opinion have not approved the statements made in this opinion. This opinion
contains forward-looking statements that involve risks and uncertainties. This
material is for informational purposes only and should not be construed as an
offer or solicitation of an offer to buy or sell securities. Keros is not a
licensed broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before purchasing or
selling any securities viewed on or mentioned
herein. Keros Capital has been compensated twenty five hundred dollars for
coverage of FNRC. Keros affiliates, officers, directors and employees may own
shares and may buy and sell additional shares of the company mentioned herein
and may profit in the event those shares rise in value. Keros will not advise
as to when it decides to sell and does not and will not offer any opinion as
to when others should sell; each investor must make that decision based on his
or her judgment of the market.

For further information:

For further information: Jim Mav, (973) 979-3705

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