RedFox Games has announced that Karos Returns, the relaunch of the original Karos Online, will take place on April 27th beginning at 4:00 pm Pacific / 7:00 pm Eastern. Former players will not be able to access their former characters but the team will implement several events that will allow players to help players re-level characters and acquire gear.
Specifically, the 1st character that you created within 60 days of the official launch in your account will start from Lv.60 (Current Max Lv -> 75) while other characters that you might create afterwards will start from Lv.1.
Check out the Karos Online site for more information.
Thanks to NightBladz for the tip!