BRADENTON, Fla., Aug. 21, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) announced today that it has appointed Douglas P. Badertscher as Chief Executive Officer, succeeding Ken Craig, who will continue as Director. Additionally, Cliff Wildes is stepping down as Chief Operating Officer to focus as Chairman of the Board and on acquisition opportunities.
"We thank Ken for commuting from his home in North Carolina and working with senior executive management as we completed the process of becoming a public company," stated Wildes. "As Kesselring moves into a growth stage, it is very important that we have a local, operationally-focused, hands-on CEO. We welcome Doug's systems integration and operational expertise, and value his experience in mergers and acquisitions."
Badertscher has more than 22 years of experience providing financial, business and management services to the health care and financial sectors. He has served as CEO or COO for public and private surgery centers, ancillary healthcare providers and physician groups, including Midtown Imaging, Coastal Orthopedics, Integrated Orthopedics and Pendulum Practice Management Company. He also has 14 years of experience in the financial industry as the manager of New York-based companies Equitable and Mutual of New York.
"I am excited to join in the growth stage of Kesselring," stated Badertscher. "The opportunities that I see in the areas of restoration and commercial construction services complement our core competencies through organic growth and through strategic acquisitions."
Kesselring Holding Corporation is proud of the fact that our 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 Restoration Corporation, Kesselring Coastal Construction Corporation, Kesselring Aluminum 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.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.