SARASOTA, Fla., Nov. 27, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) today reported that its backlog for King Brothers Woodworking Inc. and King Door and Hardware Inc. has reached an all-time high.
The current combined backlog of these entities is over $3 million during the first quarter of 2008, which represents not only a substantial increase for any prior quarter, but represents over 40 percent of the previous year's total combined revenue.
The increase in backlog was impacted by multiple new projects in which the King companies were selected by various general contractors to complete cabinetry, millwork, commercial steel doors, and finish hardware.
King Brothers Woodworking and King Door and Hardware were selected by KDA Construction and awarded a contract in conjunction with Pacific Northwest University of Health Sciences in Yakima, Washington. "The King companies were able to capitalize our ability to provide a complete delivery for doors, woodworking and cabinetry," stated Greg Aff, Manager of King Door and Hardware, a subsidiary of Kesselring Holding Corporation.
"I am pleased that our backlog in the first quarter of 2008 is the highest in the King companies' history," stated Douglas P. Badertscher, Chief Executive Officer of Kesselring Holding Corporation. "This backlog reflects the King companies' ability to produce high end commercial products that meet the demands required throughout the region. It further validates our commitment to the King companies in our expanded manufacturing facilities previously announced in an October press release."
Kesselring Holding Corporation, dedicated to restoring the luster to America's commercial buildings, is proud of the fact that its subsidiaries have been independently operating since 1948 in the areas of restoration, construction, aluminum products, cabinetry, woodworking, and door and hardware materials. These companies include: Kesselring Construction Corporation, King Brothers Woodworking Inc., and King Door & Hardware Inc. With offices in Florida and Washington state, the companies provide skilled experience, customized project management, and a reputation for quality and integrity. For more information about Kesselring Holding Corporation or any of its subsidiaries, please visit www.KesselringHolding.com on the Web or call 941-953-5774.
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Statements about the expected future prospects of our business, statements about our outlook for internal revenue growth in 2007 and 2008, and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: conditions in the restoration, construction and building products industries, change 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. The factors described in this paragraph and other factors may affect our business or future financial results. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.