Kendall Square Research, Inc. Announces a Funding Letter of Intent for the New Energy Saving Lighting

LAS VEGAS, Aug. 16 /PRNewswire-FirstCall/ -- Kendall Square Research, Inc. (Pink Sheets: KSQR) announces a letter of intent has been negotiated with a finance source to fund the purchase and installation of the commercial energy saving lighting program launched by the High Efficiency Lighting division of Kendall Square.

Management said, "Sources of funding in our present economy are very difficult to find.  We have been working with this finance source for a number of months and anticipate a strong working relationship in the months to come."

The Company is also negotiating with potential construction companies to do the installation once contracts are finalized with municipalities for the installation of the energy saving new Green Cobra street lights.

About Kendall Square Research

Kendall Square Research, Inc. (KSQR) is a Holding Company with targeted acquisitions in specialty equipment for residential home customers and green energy products.  Luxury Kitchens Hoods LLC is the first acquisition.  The second division of Kendall, High Efficiency Lighting, is a player in the commercial lighting industry with their product capability of reducing lighting energy by 50% in the nation's highways, roadways, city streets, parking lots, building lights etc.

For Additional Information, go to the Website: www.kitchenhood.com.

This press release contains certain "forward-looking statements" within the meaning of federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "target," "objective," "goal," "plan" and similar expressions. There are certain business risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements.

SOURCE Kendall Square Research, Inc.