CORRECTING and REPLACING AB Value Management LLC Announces its Intent to Nominate Two Directors to Kreisler Manufacturing Corporation’s Board of Directors for the 2014 Annual Meeting of Stockholders

Sixth paragraph, second item of release dated December 5, 2014, should read: ...the recent publication of the purportedly independent director appointed by the Board in 2003 (instead of ...the recent publication of the purportedly independent director appointed by the Board in 2010).

The corrected release reads:

AB VALUE MANAGEMENT LLC ANNOUNCES ITS INTENT TO NOMINATE TWO DIRECTORS TO KREISLER MANUFACTURING CORPORATION’S BOARD OF DIRECTORS FOR THE 2014 ANNUAL MEETING OF STOCKHOLDERS

AB Value Management LLC, an investment management company that owns greater than 11% of Kreisler Manufacturing Corporation’s (OTC Pink: KRSL) common stock, intends to nominate two directors to Kreisler Manufacturing Corporation’s Board of Directors for the 2014 Annual Meeting of Stockholders. There is an urgent need for new qualified directors to provide oversight so as to maximize shareholder value and engage in strategic alternatives. AB Value, a large stockholder in Kreisler for years, has made significant attempts to improve the Corporation's governance, oversight, operational, and financial decisions. The current board has failed to sufficiently respond to our concerns. We believe our nominees will successfully initiate a value maximization agenda, resulting in both a much higher stock price and improved intrinsic value, as well as a more stable and successful company in the long-term.

AB Value Management LLC’s GOLD Proxy card intends to include two of its nominees, David I. Polonitza and Brian D. Pflug, in addition to the two existing directors, Joseph P. Daly and Michael D. Stern.

Andrew Berger, the manager of AB Value Management LLC states: “We are asking for your support of our proposal to add two new, independent directors to Kreisler’s Board of Directors: David I. Polonitza, and Brian D. Pflug. Their goals are to restore transparency and good governance practices to Kreisler’s Board of Directors, and to begin a strategic review process to maximize value for all shareholders.”

THE PROXY STATEMENT OF AB VALUE MANAGEMENT LLC IS IN OPPOSITION TO THE SOLICITATION BY THE BOARD OF DIRECTORS OF KREISLER MANUFACTURING CORP. FOR THE ANNUAL MEETING OF SHAREHOLDERS.

AB Value Management LLC is well aware that the deadline under Kreisler Manufacturing Corporation’s bylaws for shareholders to provide notice to the Company of their intention to nominate directors and make other proposals at the 2014 annual meeting has passed.

However, (i) the recent revelation of the concerns expressed publicly this morning by Mr. Daly, an independent director and Kreisler’s largest individual shareholder and existing independent director of the activities of Kreisler’s existing board, the discovery, 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”; (ii) the discovery of inaccuracies in the proxy statement regarding the biography of John W. Poling within management’s proxy, the recent publication of the purportedly independent director appointed by the Board in 2003; (iii) the recent disclosure in the proxy statement regarding the ownership change in the Company of greater than 35% within management’s proxy; and (iv) Kreisler’s December 3rd press release collectively constitutes a dramatic change in circumstances requiring Kreisler’s Board of Directors (the “Board”) to permit shareholders an opportunity to nominate directors and make proposals at the Annual Meeting.

In light of these circumstances, we will be filing a complaint in Delaware Chancery Court on December 5, 2014, seeking an extension of the nomination deadline. The complaint alleges that Kreisler is a Company at a crossroads and that stockholders should be entitled to nominate a new slate of directors committed to fixing the issues currently taking place with Kreisler’s Board. If successful, we intend to submit the GOLD proxy card at the 2014 Kreisler Manufacturing Corporation Annual Meeting of Stockholders.

Further, we plan to deliver a demand under Section 220 of the Delaware General Corporation Law for copies of Kreisler’s books and records so that we may accurately examine the circumstances surrounding the Board’s recent activities surrounding compensation deliberations and Director actions referenced by the Company’s largest shareholder and director in a press release. AB Value Management LLC believes that these are significant matters that shareholders are entitled to fully understand.

AB VALUE MANAGEMENT LLC STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT WHEN IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY STATEMENT WILL BE AVAILABLE AT NO CHARGE BY CONTACTING OUR PROXY SOLICITOR UPON REQUEST.REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR, INVESTORCOM, INC. AT ITS TOLL-FREE NUMBER (877) 972-0090 OR VIA EMAIL AT info@investor-com.com.

CERTAIN INFORMATION CONCERNING PARTICIPANTS

AB Value Management LLC, a New Jersey limited liability company, together with the other participants named herein, intends to make a proxy statement and accompanying proxy card to be used to solicit votes for the election of a director nominee at the 2014 annual meeting of shareholders of Kreisler Manufacturing Corporation, a Delaware corporation (the “Company”). The participants in this proxy solicitation are AB Value Management LLC, a New Jersey limited liability company, AB Opportunity Fund LLC, a Delaware limited liability company, AB Value Partners, LP, a Delaware limited partnership, and Andrew Berger.

As of the date hereof, AB Value Management LLC owns 209,939 shares of Common Stock of the Company. Mr. Berger, as the manager of AB Value Management LLC, may be deemed to beneficially own the shares of Common Stock directly owned by AB Value Management LLC.

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