BRADENTON, Fla., June 13, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH), a leader in restoration, construction and construction-related products, today announced that it has appointed Cliff Wildes as Chairman. He succeeds Ken Craig, who will remain on the Kesselring Board of Directors.
Currently the Chief Operating Officer of Kesselring, Wildes has over 25 years of executive management experience in private and public companies. He is the former CEO and Chairman of nFinanSe, Inc. (OTCBB:NSFE), and the founder of several companies including Microtech International Inc., Nova Interactive Inc., and San Francisco-based investment banking firm Mackenzie Shea.
"Our mission is to grow shareholder equity by capitalizing on organic and acquisition growth," said Wildes. "Ken has served as chairman for the past year and I would like to thank him for his contribution to the growth of our business during that time. In his role as Chief Executive Officer, he will help the Company accelerate its development and growth and will play a pivotal role in bringing further commercial success to Kesselring."
Mr. Craig is stepping down as chairman to focus as CEO on Kesselring operations and acquisitions. With over 25 years of executive management experience in private and public companies, he was a co-founder, and former COO of nFinanSe, Inc., CEO of Renaissance Golf Products, Inc. "FILA Golf", and Division President for Wiltel Communications, a wholly owned subsidiary of The Williams Companies.
"I am excited about current opportunities for Kesselring," said Craig. "The Company received a $1.5 million investment through private placement. Among other things, proceeds will be used for acquisition financing. Kesselring's strategy is to coordinate a One-Stop Resource for restoration and construction projects."
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.