KSSH Kingfish Holding Corporation (CE)

Kesselring Holding Corporation (OTCBB: KSSH) announced today that it has filed a Form 8-K with the Securities and Exchange Commission.

On March 31, 2009, the Company transferred all of the assets of its wholly-owned subsidiary, Kesselring Restoration Corporation (KRC) to an Assignee who is responsible for taking possession of, protecting, preserving, and liquidating such assets and ultimately distributing the proceeds to creditors of KRC according to their priorities as established by Florida law.

On April 3, 2009, Kenneth Craig, the Company's Chief Executive Officer and member of the Board of Directors, resigned from the Company effective that date to pursue other business opportunities.

On April 3, 2009, Charles B. Rockwood, the Company's Chief Operating and Financial Officer since February 15, 2008, was appointed Chief Executive Officer and a member of the Board of Directors.

Also on April 3, 2009, Gary King, President of King Brothers Woodworking and a member of the Board of Directors, was appointed Interim Chief Financial Officer.

Chairman of the Board, Clifford H. Wildes stated: "On behalf of the Board, I would like to thank Ken for his many contributions to the Company over the years. Under Ken's leadership, the Company has gone public and put itself back on the path to profitability during a particularly difficult period."

Charles B. Rockwood, the Company's new Chief Executive Officer, states: "Taking this action with the Restoration division was a painful but necessary step in enabling the Company to continue to move forward. Our focus over the last year has been to grow our core operating businesses in Washington, cut costs at the Holding Company, and position the Company for sustained profitability and growth. We are excited about the Company's future as our Q-1 Revenues from our Washington division were nearly $2.1 million dollars. In fiscal 2008, revenues from that division were $7.4 million dollars, or an average of $1.85 million dollars per quarter.

As part of our effort to further reduce costs, we intend to move our Corporate Headquarters to Washington. We have already moved our finance and accounting operations there and the appointment of Gary King as Interim CFO further streamlines that aspect of our operations.

Under Mr. Wildes' continued leadership of the Board of Directors along with these changes, we believe our future is strong."

Mr. Wildes went on to say: "Our goal continues to remain to increase shareholder value. We believe that we have taken the correct fiscal policy mandated by our Board of Directors in February 2008 and the Company has made great strides in addressing the issues created by previous management of Kesselring Restoration and Kesselring Holding."

"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.

Contact: Charles B. Rockwood Kesselring Holding Corporation 941-953-5774 x108 Email: Email Contact