Kcm Holdings Corp (KCMH)

[bronen]

Progress Update
March 16, 2012
Dear Investor Community,

I want to give you an update on our situation. Unfortunately I still have not heard from our legal counsel regarding finalizing our SEC settlement. This has nothing to do with our end as I have properly signed all documents long ago. I am still waiting while at the same time have not been advised to issue our intended press.

I have completely overhauled our accounting team. Unfortunately, I believe the stigma of our past was causing resistance from individuals assisting us which I understand. This has caused major delays. As frustrating as it has been, having a new team feels refreshing. They are currently working through our financials now.

Our model is progressing nicely. I have much more to share on this but would like to do things in proper order and I will wait until we hear from legal counsel that we can move ahead. But I assure you all that business is moving forward. We just have not been able to properly release it as news yet.

As always, as soon as I know, you will all know.

Ed Kang