KLGE Cites Article From Reporter of Wall Street Journal

Klegg Electronics, Inc., (OTC: KLGE) is
pleased to announce Wall Street Journal has cited the Pink Sheet Exchange
as the "Las Vegas" of Wall Street. The Pink Sheet market currently trades
over $50 billion dollars annually. These trades open the door for investors
to make large profits.

Pink Sheets now exclusively quotes 4,800 issuers, including several giants
that filed for bankruptcy-law protection, including Delta Air Lines.
Established foreign companies like Nestlé and Volkswagen also advertise
prices of their American depositary receipts on the Pink Sheets.

In this article, the Wall Street Journal indicated the Security Exchange
Commission (SEC) and Pink Sheet.com's aggressive stance to create a
multi-tiered level to distinguish companies' trading on the Pink Sheet
exchange. These levels will be distinguished by the amount of information
the public companies release to the market as compared to regulatory
requirements.

Ianthe Jeanne Dugan, Staff Reporter of the Wall Street Journal stated, "Now
comes the hard part: trying to distinguish the good from the bad. This
spring, Cromwell Coulson, founder and part owner of Pink Sheets.com will
begin building an elite list of issuers that report more information than
legally required."

"Cromwell Coulson was one of the most successful Pink Sheets traders at
Carr Securities Corp., where he worked for 10 years," says Walter Carucci,
who runs the brokerage firm based in Port Washington, N.Y. "He liked
unknown, unloved, unwashed and out-of-favor stocks," Mr. Carucci says. Carr
is a part owner in Pink Sheets.

During the spring Mr. Coulson will begin building his elite list of Pink
Sheet issuers in the following order:
In the top tier -- "PremierQX" -- will be companies large enough to be on a
major exchange, with audited financial reports, annual shareholders
meetings and share prices of at least $1. Making the list, Mr. Coulson
says, will be akin to becoming an eBay "power seller," a term the auction
Web site applies to participants with strong track records.
One tier down will be smaller issuers with audited financial reports. The
final group will be small companies with information "prepared by persons
with sufficient financial skills," according to a description that Pink
Sheets soon will begin mailing to issuers. All still will be listed on the
broader Pink Sheets as well.

Dennis Gentles, President of Klegg Electronics stated, "We welcome the
evolution of the Pink Sheet Exchange. During 2005, endless investors have
made huge gains and losses investing in Pink Sheet stocks. Now is the time
to have quality unknown companies distinguished from fraudulent companies."
Mr. Gentles further stated, "We will work with Pink Sheets.com to have us
listed as a top-tier company."

To view the entire article by the Wall Street Journal titled "Pink Sheets
Aims For Respectability Under Ex-Trader," please click on the attached
link:

http://webreprints.djreprints.com/1371340963253.html

About Klegg Electronics, Inc.:

Klegg Electronics, Inc., (KLGE) is a manufacturer and distributor of high
quality consumer electronics. Klegg Electronics has focused on designing a
variety of products that work seamlessly together within the home. Klegg
home theater systems are available in over 80 retail stores across the
country. The corporation is headquartered in Las Vegas, NV.

For more information please contact Investor Relations at 973-351-3868 for
Stephen Taylor or visit the company website at: http://www.kleggusa.com.

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995: Forward-looking
statements in this news release are made under the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Certain important
factors could cause results to differ materially from those anticipated by
the forward-looking statements, including the impact of changed economic or
business conditions, the impact of competition, the success of existing and
new product releases, the management of our growth, other risk factors
inherent in the internet, and extreme sports industries, and other factors
discussed from time to time in reports filed by the company with the
Securities and Exchange Commission.

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