AbaCore Capital Holdings Inc. announced Memorandum of Agreement executed between Ala Eh Knit Inc. ("Ala Eh"), a subsidiary of Abacore Capital Holdings Inc. (the "Corporation") and Greenergy Holdings Incorporated, for the development and operation of a logistics center and food terminal in Barangay Santa Rita, Aplaya, Batangas City. The Company wishes to advise the investing public that, the Company and Ala Eh have mutually agreed to terminate the Agreement effective immediately. Moving forward, the Company will focus on its core investments and projects in renewable energy and sustainable community development.