Nov 11th 2007, 09:22 KDC Karlfeldt & Delgado Capital
by Dezmond Martinek

This weeks KDC update

It has been a great week. We have been able to secure most of the Zen float and expect it will be trading above it's NAV of 1.27, at 1.50 or higher. We have made money on many small trades as well as a few larger ones. We have secured dividends from some of our investments. We have spent some of the profits we earned to buy back KDC shares at market price and placed them in a treasury account.

Current holdings and values:

Co Shares Market

BBX 15922 27,545.06
HBK 27419 29,612.52
PSG 1923 2,326.83
ZEN 181631 363,262.00
BNT 314582 94,374.60
ESN 36925 55,387.50
RIS 11760 23,520.00

Assets 501,653.91

Treasury shares

KDC 32130 20,241.90

Cash on hand: 99,479.85

Value of Co. 621,375.66

current value per share .31

Next expected dividend date 12/01

Thank you for your attention,

Dezmond Martinek KDC CEO