SARASOTA, Fla., Jan. 4, 2008 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) today announced it filed on December, 28, 2007, its Form 10-KSB Annual Report for the fiscal year ended September 30, 2007 with the Securities and Exchange Commission ("SEC").
Revenues increased 66 percent, from $7,329,855 in 2006 to $12,175,195 in 2007. As reflected in the consolidated financial statements, the company has incurred losses of ($3,106,621) and ($419,898) during the years ended September 30, 2007 and 2006, respectively.
"The losses incurred were associated with becoming a public company, which the company completed in May of 2007," stated Douglas P. Badertscher, Chief Executive Officer.
The annual report on Form 10-KSB, which includes Kesselring Holding Corporation's audited consolidated financial statements, is available for viewing and downloading, free of charge, through the Investor Relations section of Kesselring Holding's Web site at www.kesselringholding.com, or through the SEC's electronic data system at www.sec.gov.
Stockholders may also request a hard copy of Kesselring Holding's annual report on Form 10-KSB by submitting a request through the Investor Relations section of the Web site or by writing to Investor Relations, Kesselring Holding Corporation, 6710 Professional Parkway, Sarasota, Florida, 34240.
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.
The Kesselring Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3775
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995
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.