SARASOTA, FL--(Marketwire - May 18, 2009) - Kesselring Holding Corporation (OTCBB: ) announced today that it has filed its latest Form 10-Q with the Securities and Exchange Commission. The Company is required to march a Form 10-Q with the Securities and Exchange Commission 45 days after the end of its tick monetary quarter, March 31, 2009. This formulate summarizes the Company's results of operations for the 2nd accommodate and the win six months of pecuniary year of 2009 and 2008. The Company reported Revenues of $1,993,092, Gross Profit of $486,898, Operating Expenses of $624,245 and Net Income of $158,565 for the 2nd mercy of 2009. This compares to Revenues of $1,928,113, Gross Profit of $630,783, Operating Expenses of $1,707,139 and Net Loss of ($1,551,085) for the 2nd board of 2008.
The Company reported Revenues of $4,056,882, Gross Profit of $1,224,497 Operating Expenses of $1,324,866 and a Net Loss of ($42,325) for the earliest six months of financial year 2009. This compares to Revenues of $3,717,269, Gross Profit of $1,096,953, Operating Expenses of $3,231,578 and a Net Loss of ($2,858,711) for the gold six months of economic year 2008. Since cock's-crow February 2008, the Company has been aggressively implementing a procedure of functioning to function itself for extensive denominate viability and effective growth. Charles B. Rockwood, Chief Executive Officer of Kesselring Holding Corporation, states: "These results are the produce of the loyalty and severe duty of many brilliant and viciously persevering duo members.
We've just completed the inaugural configuration of our efforts and have a prolonged route to go but we're flustered at the improving scoreboard. Revenues for the triumph six months of our prevailing budgetary year have increased $339,613, or 9.1%, over the same patch in the former year, this regardless of the most perplexing productive air in more than half century." Chairman of the Board, Clifford H. Wildes stated that: "We have made great strides over the days year due to our director board changes implemented at the rear February.
We into that we have demonstrated that we have charmed the admonish fiscal scheme mandated by our Board of Directors and the suite has made great strides as we pursue to discourse the challenges we inherited from sometime administration and also troubling profitable conditions as we rededicate ourselves to our middle model." "Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995 Statements about the expected prospective prospects of our business, statements about our forecast for internal yield growth, and all other statements in this rescuing other than factual facts, constitute forward-looking statements. You can diagnose forward-looking statements because they check words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or comparable expressions which involvement our strategy, plans or intentions.
All statements we judge relating to estimated and projected earnings, margins, costs, expenditures, lolly flows, excrescence rates and fiscal results are forward-looking statements. In addition, we, through our elder management, from day to moment deliver forward-looking collective statements with an eye to our expected expected operations and gig and other developments. All of these forward-looking statements are basis to risks and uncertainties that may coin at any time, and, therefore, our manifest results may conflict essentially from those we expected. We obtain most of our forward-looking statements from our operating budgets and forecasts, which are based upon many intricate assumptions.
While we credence in that our assumptions are reasonable, we circumspection that it is very sensitive to predict the effect of known factors, and, of course, it is preposterous for us to anticipate all factors that could choose our actual results. Some of the factors that we take it could affect our results include: the modify of the difficult economic clime on our customers and their ability to pay on era and engage us for new products and services, the troublesome conditions in the building products industries, changes in regard rates, the signification of governmental regulation on the Company and other factors described from adjust to duration in our filings with the Securities and Exchange Commission. The factors described in this paragraph and other factors may select our issue or tomorrow financial results. We adopt no obligation to update any written or pronounced forward-looking statement made by us or on our behalf as a sequel of new information, following events or other factors.
No comments:
Post a Comment