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KRSL($16.80): activist investors not giving up...


PRW: AB Value Management LLC Announces Continued Action to Seek Election of Its
Directors to the Board of Kreisler Manufacturing Corp.

WESTFIELD, N.J.--(BUSINESS WIRE)--December 18, 2014--
AB Value Management LLC, an investment management company that owns greater
than 11% of Kreisler Manufacturing Corporation's (OTC Pink: KRSL) common
stock announces the following:
Kreisler Manufacturing Corporation (the "Company") failed to achieve a
quorum at its December 18, 2014 scheduled annual meeting. AB Value
Management LLC ("AB Value") has not presented its ballots in an effort to
force a new annual meeting in which its nominees are permitted to be
elected.
By blocking a quorum, AB Value will force the Company to allow it the
opportunity to nominate its director candidates. Andrew Berger, principal of
AB Value has stated, "We chose to undertake the arduous effort to add new
directors to the Company because of the lack of focus on sound governance
and recent efforts by management to pay themselves millions of dollars for
'back pay' from the 2003-2014 period. We will do whatever it takes to ensure
the Company is positioned for success for all stakeholders rather than
unjust self-enrichment of the Company's executive management." We petitioned
the court via an emergency hearing to force the Company to waive its advance
notice bylaw requirement given the extreme nature of recently discovered
events, including:
(i) a 57% increase in base salary that was passed on December 5, 2014 for
the two co-presidents, which the Company has yet to disclose to its
stockholders;
(ii) the concerns expressed publicly on December 5, 2014 by Mr. Daly, an
independent director and Kreisler's largest individual shareholder and
existing independent director of the activities of Kreisler's existing
board, regarding the need of a compensation committee comprised solely of
independent directors and action that may have "a material impact on the
company's current cash position";
(iii) inaccuracies in the proxy statement regarding the biography of John W.
Poling within management's proxy;
(iv) the ownership change of a 37% voting bloc in the Company previously
within management's proxy;
(v) the Company's December 3rd press release respecting a new fixed price
contract -- a strategy hauntingly reminiscent of the Company's failed and
expensive efforts in Poland; and
(vi) the incumbent directors' recent effort to further entrench themselves
with the their unilateral adoption of draconian and preclusive defensive
bylaws in the Company's December 8(th) Amended and Restated Bylaws.
AB Value will continue to challenge in court the methods by which the
incumbent directors have entrenched themselves and disenfranchised the
stockholders of the Company. AB Value fully expects discovery and trial on a
full record will vindicate its efforts, and intends to test the veracity of
the statements to the court made by defendants, and in particular, those of
Ned Stern, in their efforts to avoid the emergency relief requested from the
court by AB Value and temporarily retain control of the Company.
David Polonitza, a prospective nominee for the board has remarked, "The
Company is using every trick in the book to stop the will of the
stockholders from being heard. I look forward to a full and fair election.
Stockholder democracy is not a punishment, it's an obligation. The support
of a 9.1% Stern family stockholder is a strong indication of the quality of
AB Value's efforts."
AB Value wants to thank the many stockholders who continue to support its
efforts. "It may take time for our nominees to be voted onto the Company's
board," stated Andrew Berger, "but stockholder votes are trending our way
over management and the facts are on our side. We will do whatever it takes
to ensure that the Company's army of lawyers cannot defeat the will of the
majority of stockholders."
AB Value encourages stockholders to continue to vote the GOLD Proxy. Voting
the GOLD Proxy will allow us to force a new meeting and elect our directors.

If you have any questions or need assistance in voting your shares, please
call:
InvestorCom, Inc.
65 Locust Avenue
Suite 302
New Canaan, CT 06840
Shareholders, Banks, and Brokers call
[phone]
[phone]

CONTACT: InvestorCom, Inc.
John Glenn Grau, 203-972-9300 ext. 11

SOURCE: AB Value Management LLC