SARASOTA, FL-- Kesselring Holding Corp. announced today that it has filed a Form 8-K with the Securities and Exchange Commission.

The Company is required to file a Form 8-K with the Securities and Exchange Commission upon departure or appointment of certain principal officers or directors.

In conjunction with ongoing restructuring and the liquidation of the assets of Kesselring Restoration Corporation, and in support of continuing efforts to preserve and increase shareholder value, the board of directors of Kesselring Holding Corporation has announced the following changes:

On August 31, 2009, Clifford H. Wildes, Chairman of the Board of Directors, resigned.

On September 3, 2009, Charles B. Rockwood, Chief Executive Officer, resigned. On September 4, 2009, Mr. Rockwood also resigned as a Director.

On September 3, 2009, V.L. Sandifer, a Director, was appointed Chairman of the Board.

On September 11, 2009, Ben Bond, a Director, resigned.

On September 11, 2009, Joseph A. Silva was appointed to the positions of both Chief Executive Officer and Chief Financial Officer.

On September 14, 2009, Gary King, President of King Brothers Woodworking, and a Director, resigned his position as a Director.

The Company has engaged Searchlight Partners, LLC, an investment banking and consulting firm, to assist it in evaluating strategic alternatives, restructuring, and general business advisory services for the Company. Todd A. Ellsworth and Mr. Wildes are co-founders and managing members of Searchlight Partners, LLC. Mr. Rockwood has also recently become affiliated with Searchlight Partners, LLC.

Chairman of the Board V.L. Sandifer stated: "I want to thank Mr. Wildes, Mr. Bond and Mr. King for their many years of service to the Board. I would also like to thank Mr. Rockwood for his leadership in improving operating results from a loss of over $1.3 million in Q-1, 2008 to a profit of $159 thousand in Q-2, 2009. Mr. Wildes and Mr. Rockwood have been instrumental in making the most of a very difficult situation while attempting to preserve shareholder value and adhering to the SEC reporting and disclosure requirements in this very difficult economic environment. I am grateful for their assistance as we move forward. I am also pleased to announce the appointment of Joe Silva as Chief Executive Officer and Chief Financial Officer. Mr. Silva brings more than 25 years of experience to the company. His leadership will be critical to our future success."

Mr. Silva stated: "I look forward to working with Mr. King, in his role as President of King Brothers Woodworking, Mr. Sandifer as Chairman of the Board, and the Searchlight team to ensure the best possible results for our shareholders, vendor partners, and our hard working and dedicated employees."

SOURCE: Kesselring Holding Corp.

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