BRADENTON, Fla., July 9, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) today announced an increase in revenue from $2.2 million to $6.7 million for the period ended March 31, 2007, when compared with the same six month period in the previous year. This represents a 200 percent increase. The Company's acquisition of the King Group on July 1, 2006 represents $3.5 million or 78 percent of the increase.
"Our ongoing operating performance improved substantially compared with the previous years six months ended as a result of strong organic growth and the acquisition of the King Brothers Woodworking, Inc. and King Door & Hardware, Inc.," said Ken Craig, Kesselring Chief Executive Officer.
Kesselring Holding Corporation is the parent company of five subsidiaries that have over 31 years in the restoration, construction and construction-related industry in Bradenton, Florida and Yakima, Washington.
About Kesselring
Since 1976, Kesselring has grown from a local restoration provider into a Family of Companies in construction, restoration, aluminum products, cabinetry, woodworking, and door and hardware materials. With offices in Florida and Washington State, the companies provide skilled experience, customized project management and a reputation for integrity. For more information about Kesselring Holding Corporation or any of its subsidiaries, please visit www.KesselringCorp.com on the Web or call 941-371-0440.
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SAFE HARBOR STATEMENT
Certain information included in this press release and Company filings (collectively, SEC Filings) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (as well as information communicated orally or in writing between the dates of such SEC filings) contains or may contain forward looking information that is subject to certain risks, trends and uncertainties concerning the Company's ability to raise capital, national and local economic conditions, including conditions in the restoration, construction and building products industries, changes in interest rates, the impact of severe weather on the Company's restoration and construction operations, the effect of governmental regulation on the Company and other factors described from time to time in our filings with the Securities and Exchange Commission.