KSSH Kingfish Holding Corporation (CE)

The Company is required to file a Form 10-Q with the Securities and Exchange Commission 45 days after the end of its second fiscal quarter, March 31, 2009. This form summarizes the Company's results of operations for the 2nd quarter and the first six months of fiscal 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 quarter 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 quarter 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 first six months of fiscal 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 first six months of fiscal year 2008.

Since early February 2008, the Company has been aggressively implementing a plan of action to position itself for long term viability and profitable growth.

Charles B. Rockwood, Chief Executive Officer of Kesselring Holding Corporation, states: "These results are the product of the dedication and hard work of many talented and fiercely determined team members. We've just completed the initial phase of our efforts and have a long way to go but we're excited at the improving scoreboard. Revenues for the first six months of our current fiscal year have increased $339,613, or 9.1%, over the same period in the prior year, this despite the most difficult economic climate in more than half century."

Chairman of the Board, Clifford H. Wildes stated that: "We have made great strides over the past year due to our executive management changes implemented last February. We believe that we have demonstrated that we have taken the correct fiscal policy mandated by our Board of Directors and the company has made great strides as we continue to address the challenges we inherited from previous management and also difficult economic conditions as we rededicate ourselves to our core model."

"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, 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: the impact of the difficult economic climate on our customers and their ability to pay on time and engage us for new products and services, the difficult conditions in the building products industries, changes in interest rates, 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

Kingfish (CE) (USOTC:KSSH)
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Kingfish (CE) (USOTC:KSSH)
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