NEWS

WIRES

OTHER

Karrington Holdings Corp. Announces Potential Land Development Agreement

LONDON, March 22, 2005 (PRIMEZONE) -- Karrington Holdings Corp. (NQB-EQS) announced today that the founder and CEO of the Corp., R. Revell Murphy, is presently in London to meet with Anja Puhlmann who represents and controls 3 major land development opportunities around Montreal, Canada. This meeting is addressing the opportunity for Karrington Holdings Corp. to become a Joint Venture Partner in playing an instrumental role in this very large scale land development located around one of the premiere cities on earth.

The land involved in this proposed joint venture with Karrington is best reviewed at the site www.landinvestmentmontreal.com which details the significant magnitude of the real estate in the proposed joint venture. The real estate division of Karrington Holdings Corp. welcomes this opportunity to join with Anja Puhlmann's group to successfully develop this major project which will integrate everything from housing, schools and community businesses to retail outlets and shopping malls.

For further information, please contact Mr. Daniel Seifer at 1-248-321-0121.

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.