Concerned Kreisler Stockholder Issues Independent Letter to Kreisler Manufacturing Corp. Board of Directors

CINCINNATI--()--Concerned Kreisler Stockholder, an organization started by Joseph Daly, a member of the Board of Directors of Kreisler Manufacturing Corp. (OTC Pink:KRSL) and a 19% shareholder, today issued the following letter to members of the company’s Board of Directors.

Dear Fellow Directors,

I have given much thought to recent board discussions regarding matters important to all company stakeholders. I suggest a compensation committee, made up of independent directors, be reformed and convened as soon as possible. I reiterate my concern that shareholders need to be informed of any matters encompassed in the proxy statement to ensure that it is complete and correct. Also, any matter potentially having a material impact on the company's current cash position should be completely and correctly disclosed.

Best regards,
Joe Daly
Concerned Kreisler Stockholder

Contacts

Concerned Kreisler Stockholder
Bill Douglass, 646-504-0890

Release Summary

Joseph Daly, a member of the Board of Directors of Kreisler Manufacturing Corp. and its largest shareholder, today issued the following letter to his fellow Board members.

Contacts

Concerned Kreisler Stockholder
Bill Douglass, 646-504-0890