AB Value Management LLC (“AB Value”), an investment management company owning over 11% of Kreisler Manufacturing Corporation's (OTC Pink: KRSL) common stock, announces that Kreisler Manufacturing was able to achieve a quorum during this contested election by including the counting of votes made by brokers without instructions provided by the beneficial owners of the shares. In addition, the Company did not have an independent inspector of elections overseeing the voting process for the 2014 Annual Meeting. Due to these facts, along with a number of other factors surrounding the election, AB Value is reviewing its legal options with regards to these matters.
Following the election, AB Value has entered into a dialog with the Company’s management in an effort to resolve our concerns without the need for further litigation. If AB Value cannot achieve a favorable outcome for all shareholders through its negotiations, it intends to pursue all remedies available under the law.
