UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)
[ X ]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
       OF 1934

           For the quarterly period ended June 30, 2005

[   ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
           For the transition period from ________________ to _________________

                           Commission file number  0-28555

                               KORE HOLDINGS, INC.
  -----------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

               NEVADA                                   86-0960464
        ------------------                      ----------------------------
    (State or other jurisdiction              (IRS Employer Identification No.)
   of incorporation or organization)

                   41667 Yosemite Pines Dr., Oakhurst CA 93644
  -----------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (559) 692-2474
  -----------------------------------------------------------------------------
                           (Issuer's telephone number)


  -----------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


                      APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 4,919,422 Common Shares $0.001 par
value as of June 30, 2005

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [ X ]


<PAGE>


                         PART I -- FINANCIAL INFORMATION

Item 1.  Financial Statements.

The information required by Item 310(b) of Regulation S-B is attached hereto as
Exhibit One.

Item 2.  Management's Discussion and Analysis or Plan of Operation.

THE FOLLOWING DISCUSSION OF THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF
THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND
NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT.

THIS DISCUSSION CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND
UNCERTAINTIES, AND THE COMPANY'S ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
ANTICIPATED IN THESE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN FACTORS,
INCLUDING, BUT NOT LIMITED TO COMPETITION AND OVERALL MARKET AND ECONOMIC
CONDITIONS.

RESULTS OF CONTINUING OPERATIONS

                                                     Nine Months Ended
                                                           June 30

                                                   2005                2004

   Revenue                                   $    339,267           $ 2,140,293
   Cost of operations                                   -             1,209,224
                                             ------------           -----------
   Gross profit                                   339,267               931,069
   Operating Expenses                             411,242               754,545
                                             ------------           -----------
   Income (loss) from
   continuing operations                          (71,975)              176,544
   Income from discontinued
   operations                                      32,318                     -
                                             ------------           -----------

   Net income (loss)                         $    (39,657)          $   176,544
                                             ============           ===========
   Gross profit margin                                100%                   44%
   Basic  income  (loss)  per share of
   from continuing operations                $      (0.01)          $      0.04
                                             ============           ===========
   Diluted  income  (loss)  per  share
   from continuing operations                $      (0.01)          $      0.04
                                             ============           ===========
   Basic income  (loss) per share from
   discontinued operations                   $       0.01           $         -
                                             ============           ===========
   Diluted  income  (loss)  per  share
   from discontinued operations              $       0.01           $         -
                                             ============           ===========
   Weighted average number of
   common shares outstanding                    4,919,422             4,752,755

For the nine months ended June 30, 2005, the Company generated $339,267 of
revenue, $339,267 of gross profit, $(71,975) of net loss from continuing
operations, $32,318 in income from discontinued operations, a net loss of
$(39,657) and $(0.01) in basic loss per common share from continuing operations
based upon a weighted average of basic common shares of 4,919,422 outstanding.
All of the Company's revenue for this period was from its mortgage business.

For the nine months ended June 30, 2004, the Company generated $2,140,293 of
revenue, $931,069 of gross profit, $176,544 of net income, and $0.04 in basic
income per common share from continuing operations based upon a weighted average
of basic common shares of 4,752,775 outstanding. All of the Company's revenue
for this period was from its mortgage business.

Revenue for the nine months ended June 30, 2005, decreased $1,801,026 from the
same period last year. Cost of operations for the nine months ended June 30,
2005, decreased $1,209,224 from the same period last year. This decrease is a
result of reporting revenue net of commissions. Operating expenses for the nine
months ended June 30, 2005, decreased $434,242 from the same period last year.
Income (loss) from continuing operations for the nine months ended June 30,
2005, decreased $248,519 from the same period last year. In the nine months
ended June 20,2005 the Company had a one time gain from continuing operations of
$32,318 resulting form the closing of its mortgage business in the Central
Valley of California.

The Company attributes the decrease in revenue and operating expenses for the
nine months ended June 30, 2005, to the closing of its mortgage business in the
Central Valley in California and intends to reopen.

                               Three Months Ended
                                     June 30

                                                    2005                2004

   Revenue                                       $    137,528      $    928,077
   Cost of operations                                       -           538,632
                                                 ------------      ------------
   Gross profit                                       137,528           389,445
   Operating Expenses                                 168,445           385,465
                                                 -------------     ------------
   Income (loss) from
   continuing operations                             (30, 917)            3,980
   Income from discontinued
   operations                                               -                 -
                                                 ------------     -------------

   Net income (loss)                             $   (30, 917)    $       3,980
                                                 ============     =============
   Gross profit margin                                    100%              44%
   Basic  income  (loss)  per share of
   from continuing operations                    $      (0.01)    $        0.00
                                                 ============     =============
   Diluted  income  (loss)  per  share
   from continuing operations                    $      (0.01)    $        0.00
                                                 ============     =============
   Basic income  (loss) per share from
   discontinued operations                       $          -     $           -
                                                 ============     =============
   Diluted  income  (loss)  per  share
   from discontinued operations                  $          -     $           -
                                                 ============     =============
   Weighted average number of
   common shares outstanding                        4,919,422         4,752,755

For the three months ended June 30, 2005, the Company generated $137,528 of
revenue, $137,528 of gross profit, $(30,917) of net loss from continuing
operations and $(0.01) in basic loss per common share from continuing operations
based upon a weighted average of basic common shares of 4,919,422 outstanding.
All of the Company's revenue for this period was from its mortgage business.

For the three months ended June 30, 2004, the Company generated $928,077 of
revenue, $398,445 of gross profit, $3,980 of net income, and $0.00 in basic loss
per common share from continuing operations based upon a weighted average of
basic common shares of 4,919,422 outstanding. All of the Company's revenue for
this period was from its mortgage business.

Revenue for the three months ended June 30, 2005, decreased $790,549 from the
same period last year. Cost of operations for the three months ended June 30,
2005, decreased $538,632 from the same period last year. This decrease is a
result of reporting revenue net of commissions. Operating expenses for the three
months ended June 30, 2005, decreased $217,025 from the same period last year.
Income (loss) from continuing operations for the three months ended June 30,
2005, decreased $34,897 from the same period last year.

The Company attributes the decrease in revenue and operating expenses for the
three months ended June 30, 2005, to the closing of its mortgage business in the
Central Valley in California and intends to reopen.

                          PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings.

There are no pending or threatened legal proceedings against the Company or any
of its subsidiaries.

Item 2.  Changes in Securities.

NONE

Item 3.  Defaults Upon Senior Securities

NONE

Item 4.  Submission of Matters to a Vote of Security Holders.

NONE

Item 5.  Other Information.

Pending branch offices and acquisitions are under legal and accounting review .

Item 6.  Exhibits and Reports on Form 8-K.

INDEX TO EXHIBITS.

EXHIBIT
NUMBER     DESCRIPTION OF DOCUMENT
-------------------------------------------------------
     1     Kore Holdings Inc AND SUBSIDIARIES FINANCIAL STATEMENTS

On January 19, 2005, the Company filed a Form 8-K/A with the Securities and
Exchange Commission. In a Form 8-K dated May 30, 2002, filed with the Securities
and Exchange Commission on May 30, 2002, the Company reported the acquisition of
First Washington Financial Corporation, a Nevada corporation. The purpose of the
Form 8-K/A filed January 19, 2005 was to file financial statements relating to
the event reported May 30, 2002.


                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                      Kore Holdings Inc.
                                      (Registrant)
 Date August 26, 2005                 /s/Denis C. Tseklenis
                                      Denis C. Tseklenis
                                      Chief Executive Officer
                                      Chairman of the Board

<PAGE>
EXHIBIT ONE






                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)

                             CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS

                             JUNE 30, 2005 AND 2004




<PAGE>





                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)

              INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED):


BALANCE SHEET AS OF JUNE 30, 2005 (UNAUDITED)

STATEMENTS OF OPERATIONS FOR THE NINE AND THREE MONTHS ENDED JUNE 30, 2005 AND
2004 (UNAUDITED)


STATEMENTS OF CASH FLOWS FOR NINE MONTHS ENDED
 JUNE 30, 2005 AND 2004 (UNAUDITED)


NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

<PAGE>


                           BALANCE SHEET (UNAUDITED)
                              KORE HOLDINGS, INC.


                                    ASSETS

                                                                  (UNAUDITED)
                                                                    JUNE 30,
                                                                     2005
                                                                 ------------
CURRENT ASSETS
    Cash and cash equivalents                                    $      39,959
    Prepaid expenses and other assets                                    1,875
                                                                 -------------

                 Total current assets                                   41,834
                                                                 -------------

PROPERTY AND EQUIPMENT - Net                                         5,737,457

OTHER ASSETS
    Land and coal reserves                                          14,045,079
    Restricted cash                                                    234,240
    Goodwill                                                         2,827,572
    Licenses, net of amortization                                      333,334
                                                                 -------------

                 Total other assets                                 17,440,225
                                                                 -------------

TOTAL ASSETS                                                     $  23,219,516
                                                                 =============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                                                   (UNAUDITED)
                                                                     JUNE 30,
                                                                       2005
                                                                 -------------
CURRENT LIABILITIES
    Accounts payable and accrued expenses                        $      27,967
    Due to officer                                                      24,400
                                                                 -------------

                       Total current liabilities                        52,367
                                                                 -------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
   Class A Preferred Stock, $.001 par value,
   10,000,000 shares authorized at
   March 31, 2005 and 1,000,000 issued and
   outstanding at March 31, 2005                                         1,000

   Class B Preferred Stock , no par value,
   90,000,000 shares authorized at March
   31, 2005, and 13,635,999
   shares issued and outstanding at March 31, 2005                           -

   First Washington Class A Preferred Stock,
   no par value, 500,000 shares authorized at
   March 31, 2005 and 500,000 shares issued
   and outstanding at March 31, 2005                                         -

   Common stock, $.001 par value 400,000,000
   shares authorized at March 31, 2005
   and 4,919,422 shares
   issued and outstanding at March 31, 2005                              4,919

   Additional paid-in capital                                       28,142,066
   Accumulated deficit                                              (4,980,836)
                                                                 -------------

          Total stockholders' equity                                23,167,149
                                                                 -------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                       $  23,219,516
                                                                 =============


     See accompanying notes to condensed consolidated financial statements.

<PAGE>
                        STATEMENTS OF OPERATIONS (UNAUDITED)
                               KORE HOLDINGS, INC.

                                  NINE MONTHS ENDED        THREE MONTHS ENDED
                                      JUNE 30,                   JUNE 30,
                                2005          2004          2005          2004
                              -------       --------      --------      -------

OPERATING REVENUE          $  339,267   $   2,140,293   $  137,528   $  928,077


COST OF OPERATIONS                  -       1,209,224            -      538,632
                           ----------   -------------   ----------   ----------

GROSS PROFIT                  339,267         931,069      137,528      389,445

OPERATING EXPENSES

   General and
     administrative           325,375         732,678      140,774      366,351

   Depreciation and
     Amortization              85,867          21,847       27,671       19,114
                           ----------   -------------    ---------   ----------


  Total operating expenses    411,242         754,525      168,445      385,465
                           ----------   -------------    ---------   ----------

INCOME (LOSS) BEFORE
   INCOME TAXES               (71,975)        176,544      (30,917)       3,980

  Provision for income taxes        -               -            -            -
                           ----------   -------------    ---------   ----------

INCOME (LOSS) FROM
   CONTINUING OPERATIONS      (71,975)        176,544      (30,917)       3,980


  Income from discontinued
     operations (net of
     income taxes)             32,318               -            -            -
                           ----------   -------------    ---------   ----------

NET INCOME (LOSS)          $  (39,657)  $     176,544    $ (30,917)  $    3,980
                           ==========   =============    =========   ==========


BASIC AND DILUTED INCOME
   (LOSS) PER SHARE

  Basic from continuing
    operations             $    (0.01)  $        0.04    $   (0.01)  $     0.00
                           ==========   =============    =========   ==========

  Diluted from continuing
    operations             $    (0.01)  $        0.04    $   (0.01)  $     0.00
                           ==========   =============    =========   ==========

  Basic from discontinued
    operations             $     0.01   $           -    $       -   $        -
                           ==========   =============    =========   ==========

  Diluted from discontinued
    operations             $     0.01   $           -    $       -   $        -
                           ==========   =============    =========   ==========


WEIGHTED AVERAGE NUMBER OF
BASIC COMMON SHARES
OUTSTANDING                 4,919,422       4,752,755    4,919,422    4,919,422
                           ==========   =============    =========   ==========

WEIGHTED AVERAGE NUMBER OF
DILUTED COMMON SHARES
OUTSTANDING                 4,919,422       4,752,755    4,919,422    4,919,422
                           ==========   =============    =========   ==========


     See accompanying notes to condensed consolidated financial statements.
<PAGE>

                       STATEMENT OF CASH FLOW (UNAUDITED)
                               KORE HOLDINGS, INC.

                                                      2005            2004
                                              -----------------  -------------

CASH FLOW FROM OPERATING ACTIVITIES
Continuing Operations:

   Net income (loss)                          $      (71,975)    $     176,544
                                              --------------     -------------
   Adjustments to reconcile net income
     (loss) to net cash provided by
     operating activities:

     Depreciation and amortization                    85,867            21,847

  Changes in assets and liabilities

     (Increase) decrease in commissions
     and accounts receivable                          47,874          (260,662)

     (Increase) in prepaid assets                     (1,875)                -

     Increase (Decrease) in accounts
     payable and accrued liabilities                 (31,871)          133,491
                                              --------------     -------------

     Total adjustments                                99,995          (105,324)
                                              --------------     -------------

     Net cash provided by operating
       activities - continuing
       operations                                     28,020            71,220
                                              --------------     -------------

Discontinued Operations:

     Income from discontinued operations             32,318                  -

     Impairment of goodwill                          31,840                  -
                                              -------------      -------------


     Net cash provided by operating
     activities - discontinued operations            64,158                  -
                                              -------------      -------------

CASH FLOWS FROM INVESTING ACTIVITIES

     Capital expenditures (net)                      (6,544)                 -
                                              -------------      -------------


       Net cash used in investing activities         (6,544)                 -
                                              -------------      -------------

CASH FLOWS FROM FINANCING ACTIVITIES

     Contributions of equity                          3,740             58,600

     Dividends distribution, net                   (346,658)                 -

     Due to officer                                  24,400                  -
                                              -------------      -------------

       Net cash provided by (used in)
       financing activities                        (318,518)            58,600
                                              -------------      -------------

NET INCREASE (DECREASE) IN
    CASH AND CASH EQUIVALENTS                      (232,884)           129,820

CASH AND CASH EQUIVALENTS -
    BEGINNING OF PERIOD                             272,843            249,993
                                              -------------      -------------

CASH AND CASH EQUIVALENTS -
    END OF PERIOD                             $      39,959      $     379,813
                                              =============      =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
     Cash paid during the period for:

     Interest paid                            $       4,340      $           -
                                              =============      =============

SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION:

     Preferred stock issued for land
     and coal reserves                        $  14,045,079      $           -
                                              =============      =============




               The accompanying notes are an integral part of the
                        condensed financial statements.


<PAGE>




                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             JUNE 30, 2005 AND 2004


NOTE 1-  ORGANIZATION AND BASIS OF PRESENTATION

                  The condensed consolidated unaudited interim financial
                  statements included herein have been prepared, without audit,
                  pursuant to the rules and regulations of the Securities and
                  Exchange Commission. The consolidated financial statements and
                  notes are presented as permitted on Form 10-QSB and do not
                  contain information included in the Company's annual
                  consolidated statements and notes. Certain information and
                  footnote disclosures normally included in financial statements
                  prepared in accordance with accounting principles generally
                  accepted in the United States of America have been condensed
                  or omitted pursuant to such rules and regulations, although
                  the Company believes that the disclosures are adequate to make
                  the information presented not misleading. The results for the
                  nine months ended June 30, 2005 may not be indicative of the
                  results for the entire year.

                  The Company on October 16, 2004, changed its name to Kore
                  Holdings, Inc. The Company, at that time, increased its
                  authorized common stock shares to 400,000,000 and its
                  preferred stock to 100,000,000.

                  These statements reflect all adjustments, consisting of normal
                  recurring adjustments which, in the opinion of management, are
                  necessary for fair presentation of the information contained
                  herein.

                  Kore Holdings, Inc. and Subsidiaries is a power provider and
                  marketer of alternative energy and financial services. The
                  Company is in the initial stages of implementing its business
                  plan.

                  On May 17, 2002, the Company acquired First Washington
                  Financial Corporation, a company which provides financial
                  services in Bethesda, Maryland ("First Washington"). First
                  Washington, is a mortgage company whose emphasis lies in
                  residential mortgages in the greater Washington D.C. service
                  area. The combination was treated as a purchase with First
                  Washington becoming a wholly owned subsidiary of Volt, Inc.
                  Volt, Inc. recognized an intangible asset (goodwill) which
                  represented the amount of value received over the net assets
                  acquired.


<PAGE>



                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 1-  ORGANIZATION AND BASIS OF PRESENTATION (CONTINUED)

                  The operations of First Washington were included in the
                  consolidated statements of income for the year ended September
                  30, 2002 from the date of inception May 17, 2002 to September
                  30, 2002. There was no predecessor entity of First Washington.
                  The fair value of the transaction was recorded based on the
                  number of shares issued to First Washington (2,000,000) at the
                  fair value of the stock of Volt on the date of acquisition net
                  of a discount since the stock issued in the acquisition was
                  restricted stock ($1.50). The cost of the net assets purchased
                  and liabilities assumed approximated zero, however, the value
                  of $3,000,000 was based on the mortgage company's future
                  earnings. The Company acquired Opportunity Knocks, LLC. during
                  the third fiscal quarter of 2002 to rehab HUD homes and other
                  properties in Washington, D.C., Maryland and Virginia under
                  the HUD Gift Program. This acquisition was done simultaneously
                  with the acquisition of First Washington, and Opportunity
                  Knocks is a wholly owned subsidiary of the Company.

                  In fiscal 2003, the Company expanded its financial services
                  business, and brought in two businesses, that operationally
                  failed to meet the Company's business model. Subsequent to
                  these agreements being in force, the Company spun them out.
                  Additionally, the Washington Metropolitan Area market had not
                  met Company expectations, so the Company's subsidiary First
                  Washington acquired Yosemite Brokerage, Inc. in Oakhurst,
                  California, a few miles from the Company's headquarters. The
                  Company had issued Preferred Stock Class B, which has been
                  cancelled by the Company.

                  In July 2003 (effective August 1, 2003), First Washington
                  acquired Yosemite Brokerage, Inc. ("Yosemite"), a California
                  corporation for 500,000 shares of First Washington Class A
                  Preferred Stock. The acquisition was recorded for accounting
                  purposes as a purchase acquisition. The Company valued this
                  transaction at $200,000 ($.40 per share), which included the
                  recognition of $31,840 in goodwill. Yosemite was disposed of
                  in the second quarter ended March 31, 2005

                  The  Company has three  other  power  related  wholly-owned
                  subsidiaries,  Sun Volt,  Inc.,  Sun Electronics,  Inc. and
                  Arcadian  Renewable Power,  Inc.  Arcadian  Renewable  Power,
                  Inc. is the corporation that holds the Altamont Wind Farm in
                  the Altamont Pass in Livermore, California.

<PAGE>

                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                  Principles of Consolidation

                  The condensed consolidated balance sheet for June 30, 2005 and
                  condensed consolidated statements of income and cash flows for
                  the nine months ended June 30, 2005 includes Kore Holdings,
                  Inc. and its wholly-owned subsidiaries. Intercompany
                  transactions and balances have been eliminated in
                  consolidation.

                  Use of Estimates

                  The preparation of financial statements in conformity with
                  accounting principles generally accepted in the United States
                  of America, requires management to make estimates and
                  assumptions that affect the reported amounts of assets and
                  liabilities and disclosures of contingent assets and
                  liabilities at the date of the financial statements and the
                  reported amounts of revenues and expenses during the reporting
                  period. Actual results could differ from those estimates.

                  Cash and Cash Equivalents

                  The Company considers all highly liquid debt instruments and
                  other short-term investments with an initial maturity of three
                  months or less to be cash or cash equivalents.

                  The Company maintains cash and cash equivalent balances at
                  several financial institutions which are insured by the
                  Federal Deposit Insurance Corporation up to $100,000.

                  The Company has $234,240 in restricted cash that is expected
                  to be received in the next two years.




<PAGE>




                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004

NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Property and Equipment

                  Property and equipment are stated at cost. Depreciation is
                  computed primarily using the straight-line method over the
                  estimated useful life of the assets.

                  Furniture and fixtures                       5-7 years
                  Office and computer equipment                3-5 years
                  Wind Farm                                     40 years

                  Revenue Recognition

                  For the Company's power division, sold merchandise and revenue
                  was recorded under the accrual method of accounting.

                  For the Company's financial services division, they record
                  commission income upon the closing of their respective
                  transactions.

                  Advertising

                  Advertising costs are typically expensed as incurred.
                  Advertising expense was approximately $194 and $444 for the
                  nine months ending June 30, 2005 and 2004, respectively.

                  Income Taxes

                  The income tax benefit is computed on the pretax loss based on
                  the current tax law. Deferred income taxes are recognized for
                  the tax consequences in future years of differences between
                  the tax basis of assets and liabilities and their financial
                  reporting amounts at each year-end based on enacted tax laws
                  and statutory tax rates.




<PAGE>



                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Fair Value of Financial Instruments

                  The carrying amount reported in the condensed consolidated
                  balance sheet for cash and cash equivalents, advances
                  receivable, commissions receivable, accounts payable and
                  accrued expenses approximate fair value because of the
                  immediate or short-term maturity of these financial
                  instruments.

                  Earnings (Loss) Per Share of Common Stock

                  Historical net income (loss) per common share is computed
                  using the weighted average number of common shares
                  outstanding. Diluted earnings per share (EPS) includes
                  additional dilution from common stock equivalents, such as
                  stock issuable pursuant to the exercise of stock options and
                  warrants.

                  The following is a reconciliation of the computation for basic
                  and diluted EPS:

                                                        2005         2004
                                                     ----------     --------

                  Net income (loss)                  $    (39,657)  $  176,544

                  Weighted-average common shares
                  Outstanding (Basic)                   4,919,422    4,919,422

                  Weighted-averge common stock
                  Equivalents
                      Stock options                             -            -
                      Warrants                                  -            -
                                                     ------------    ---------

                  Weighted-average common shares
                  Outatanding (Diluted)                 4,919,422    4,919,422
                                                     ============    =========

                  The Company has no potentially dilutive securities, such as
                  options or warrants currently issued and outstanding.


<PAGE>
                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Recent Accounting Pronouncements

                  In June 2001, the FASB issued Statement No. 142 "Goodwill and
                  Other Intangible Assets". This statement addresses financial
                  accounting and reporting for acquired goodwill and other
                  intangible assets and supersedes APB Opinion No. 17,
                  Intangible Assets. It addresses how intangible assets that are
                  acquired individually or with a group of other assets (but not
                  those acquired in a business combination) should be accounted
                  for in financial statements upon their acquisition. This
                  statement also addresses how goodwill and other intangible
                  assets should be accounted for after they have been initially
                  recognized in the financial statements. This statement has
                  been considered when determining impairment of goodwill in
                  certain transactions. During fiscal 2004, the Company
                  recognized $31,840 of goodwill acquired in the Yosemite
                  transaction. There was an impairment of goodwill during the
                  nine months ended June 30, 2005 of $31,840 upon the
                  disposition.

                  On October 3, 2001, the FASB issued Statement of Financial
                  Accounting Standards No. 144, "Accounting for the Impairment
                  or Disposal of Long-Lived Assets" ("SFAS 144"), that is
                  applicable to financial statements issued for fiscal years
                  beginning after December 15, 2001. The FASB's new rules on
                  asset impairment supersede SFAS 121, "Accounting for the
                  Impairment of Long-Lived Assets and for Long-Lived Assets to
                  Be Disposed Of," and portions of Accounting Principles Board
                  Opinion 30, "Reporting the Results of Operations." This
                  Standard provides a single accounting model for long-lived
                  assets to be disposed of and significantly changes the
                  criteria that would have to be met to classify an asset as
                  held-for-sale. Classification as held-for-sale is an important
                  distinction since such assets are not depreciated and are
                  stated at the lower of fair value and carrying amount. This
                  Standard also requires expected future operating losses from
                  discontinued operations to be displayed in the period (s) in
                  which the losses are incurred, rather than as of the
                  measurement date as presently required.




<PAGE>


                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Recent Accounting Pronouncements

                  On December 16, 2004, the Financial Accounting Standards Board
                  ("FASB") published Statement of Financial Accounting Standards
                  No. 123 (Revised 2004), Share-Based Payment ("SFAS 123R").
                  SFAS 123R requires that compensation cost related to
                  share-based payment transactions be recognized in the
                  financial statements. Share-based payment transactions within
                  the scope of SFAS 123R include stock options, restricted stock
                  plans, performance-based awards, stock appreciation rights,
                  and employee share purchase plans. The provisions of SFAS 123R
                  are effective for small business issuers as of the first
                  interim period that begins after December 15, 2005.
                  Accordingly, the Company will implement the revised standard
                  in the fourth quarter of fiscal year 2005. Currently, the
                  Company accounts for its share-based payment transactions
                  under the provisions of APB 25, which does not necessarily
                  require the recognition of compensation cost in the financial
                  statements. Management is assessing the implications of this
                  revised standard, which may materially impact the Company's
                  results of operations in the fourth quarter of fiscal year
                  2005 and thereafter.


                  Reclassifications

                  Certain amounts for the nine months ended June 30, 2004 have
                  been reclassified to conform with the presentation of the June
                  30, 2005 amounts. The reclassifications have no effect on net
                  income for the nine months ended June 30, 2004.



<PAGE>


                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 3-  PROPERTY AND EQUIPMENT

                  Property and equipment consist of the following at June 30,
                  2005:

                  Wind Farm                                      $5,700,000
                  Furniture and fixtures                              8,001
                  Computer and office equipment                      84,459
                                                                 ----------

                  Less:  accumulated depreciation                   (55,003)
                                                                 ----------
                  Net book value                                 $5,737,457
                                                                 ==========

                  Depreciation expense for the nine months ended June 30, 2005
                  and 2004 was $10,867 and $21,847, respectively. There is no
                  depreciation recognized on the Wind Farm as it is non
                  operational until placed in service.

                  The Company upon acquisition of the Wind Farm, has classified
                  this asset under property and equipment. The Wind Farm
                  consists of hundreds of nonoperational turbines located in
                  California. The Company has received independent valuations on
                  the Wind Farm that have valued it in excess of $14,000,000.
                  The Company would need to spend in excess of $5,000,000 to
                  bring these assets into operational use, at which time the
                  Company would depreciate them over their estimated useful life
                  of 40 years. Consequently, there is no depreciation recognized
                  on the Wind Farm for the nine months ended June 30, 2005 and
                  2004.

NOTE 4-  INTANGIBLE ASSET

                  The Company in November 2003 issued 1,000 shares of its common
                  stock valued at $500,000 for exclusive rights to distribute
                  generators in northern California, Hawaii and other agreed
                  territories. Additionally, the Company received the
                  non-exclusive rights to acquire the generators at prevailing
                  wholesale prices for distribution and the non-exclusive
                  license to use the name, trademark and trade names of the
                  manufacturer or distributor of the power generators. The
                  license agreements are being amortized over the five year
                  life. Amortization charged to expense for the nine months
                  ended June 30, 2005 was $75,000.



<PAGE>


                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 5-  LAND AND COAL RESERVES

                  The Company acquired coal tract #4 of the Fiatt coal mine in
                  Fulton County, Illinois. The tract consists of approximately
                  100 acres of land and surface area with a tonnage of 4,356,000
                  tons of coal fines having a thickness of a 50 foot average
                  using 200 pounds/sht tn and which are certified and appraised
                  at $69,696,020. The Company issued 13,635,999 shares of its
                  Class B convertible preferred stock valued at $14,045,079.


NOTE 6-  STOCKHOLDERS' EQUITY

                  Common and Preferred Stock

                  On January 1, 2003, the Company issued a board resolution for
                  the authorization of a new class of preferred stock, Class B
                  Preferred Stock, no par value. The Company authorized the
                  issuance of 125,000 shares of Class B Preferred Stock. On
                  December 1, 2004 the Company authorized an additional
                  89,875,000 shares of its Class B Preferred Stock.

                  On July 1, 2003, First Washington issued a board resolution
                  for the authorization of a new class of preferred stock, Class
                  A Preferred Stock, no par value. First Washington authorized
                  the issuance of 500,000 shares of Class A Preferred Stock.

                  In July 2003 (effective August 1, 2003), First Washington
                  issued 500,000 shares of the Class A Preferred Stock, to
                  acquire Yosemite Brokerage, Inc. ("Yosemite"). The acquisition
                  was recorded for accounting purposes as a purchase
                  acquisition. The transaction was valued at $200,000 ($.40 per
                  share), which included goodwill of $31,840. As of January 1,
                  2005, the companies mutually agreed to rescind the agreement.
                  All assets and liabilities were distributed to the owner and
                  the shares were cancelled.

                  In November 2003, the Company issued 1,000,000 shares of
                  common stock for an intangible asset (see Note 4). The value
                  for the asset was $500,000.

                  The Company issued 13,635,999 shares of its Class B
                  convertible preferred stock valued at $14,045,079.

<PAGE>

                       KORE HOLDINGS INC. AND SUBSIDIARIES
                      (FORMERLY VOLT INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)
                             JUNE 30, 2005 AND 2004


NOTE 7-  RELATED PARTY TRANSACTIONS

                  Yosemite Brokerage, rents space from its officer. The lease
                  commenced February 1, 2000 and runs through January 31, 2005.
                  The monthly rents commenced at $5,600 per month and calls for
                  increase annually up to 3%. Rent expense for the nine months
                  ended June 30, 2005 and 2004 was $16,800 and $50,400,
                  respectively. This agreement terminated January 1, 2005.

NOTE 8-  PROVISION FOR INCOME TAXES

                  Deferred income taxes will be determined using the liability
                  method for the temporary differences between the financial
                  reporting basis and income tax basis of the Company's assets
                  and liabilities. Deferred income taxes will be measured based
                  on the tax rates expected to be in effect when the temporary
                  differences are included in the Company's consolidated tax
                  return. Deferred tax assets and liabilities are recognized
                  based on anticipated future tax consequences attributable to
                  differences between financial statement carrying amounts of
                  assets and liabilities and their respective tax bases.

                  At June 30, 2005 deferred tax assets consist of the following:

                                                                 2005
                  Net tax deferred assets                     $ 316,000
                  Less:  valuation allowance                   (316,000)
                                                              ----------

                                                              $      -0-


                  At June 30, 2005 the Company had federal net operating loss
                  carryforwards in the approximate amounts of $790,000 available
                  to offset future taxable income. The Company established
                  valuation allowances equal to the full amount of the deferred
                  tax assets due to the uncertainty of the utilization of the
                  operating losses in future periods.