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To: Glenn Petersen who wrote (2005)	5/12/2009 5:17:11 PM
From: Glenn Petersen	Respond to of 3862

PRWT Services, the acquisition target of KBL Healthcare Acquisition Corp. III (stock symbol: [t]KHA[/t]), must be confident that the transaction is going to close. They have purchased 42% of the [t]KHA[/t] warrants that were sold in the IPO. PRWT Services, Inc. Purchases KBL Warrants in Private Transactions On Wednesday May 6, 2009, 2:35 pm EDT NEW YORK, May 6, 2009 (GLOBE NEWSWIRE) -- KBL Healthcare Acquisition Corp. III (``KBL') (NYSE AMEX:KHA) (NYSE AMEX:KHA.U) (NYSE AMEX:KHA.WS) announced today that PRWT Services, Inc. (``PRWT') has purchased an aggregate of approximately 7.275 million warrants of KBL in private transactions for an aggregate purchase price of approximately $2.0 million. The warrants purchased represent approximately 42% of the total KBL warrants issued in KBL's initial public offering (``IPO'). As previously announced, KBL has entered into a definitive merger agreement with PRWT, providing for a business combination in which PRWT will become the publicly traded company upon closing of the business combination. Following the business combination, PRWT intends to retire all of the aforementioned warrants it has purchased. The business combination is expected to close in the third quarter of 2009. <snip> finance.yahoo.com

To: Glenn Petersen who wrote (2005)	7/17/2009 3:11:05 PM
From: Glenn Petersen	Respond to of 3862

KBL Healthcare Acquisition Corp. III (stock symbol: [t]KHA[/t]) has announced that it has terminated it agreement to acquire PWRT Services and that the company will be liquidated: KBL Healthcare Acquisition Corp. III Proposed Business Combination with PRWT Services, Inc. Terminated Press Release Source: KBL Healthcare Acquisition Corp. III On Thursday July 16, 2009, 8:59 am EDT NEW YORK--(BUSINESS WIRE)--KBL Healthcare Acquisition Corp. III (“KBL”) (NYSE AMEX: KHA, KHA.U, KHA.WS), a specified purpose acquisition company (SPAC), today announced the termination of the proposed business combination with PRWT Services, Inc. (“PRWT”) because certain conditions necessary to consummate the transaction would not be met and were not going to be waived by the parties. Accordingly, the KBL stockholders meeting scheduled for July 16, 2009 and postponed to July 17, 2009 to consider the Merger has been cancelled. As a result of the merger not being consummated, KBL will be liquidated. Pursuant to the Delaware General Corporation Law, KBL will pay or make reasonable provision for all existing claims and obligations, including all contingent, conditional, or unmatured contractual claims known to KBL, and will provide compensation for any claims that have not been made known to KBL or that have not arisen but that, based on facts known to KBL at this time, are likely to arise or to become known to KBL within 10 years after such date. KBL cannot make any assurance as to when such plan will be completed and when liquidation distributions will be made. Without taking into account any potential claims, it is anticipated that the per-share liquidation price will be approximately $7.8466. In accordance with KBL’s amended and restated certificate of incorporation and the terms of its initial public offering, no payments will be made in respect of KBL’s outstanding warrants (which will expire worthless on July 19, 2009) or to any of KBL’s initial stockholders with respect to the shares owned by them prior to the initial public offering. In addition, the underwriters of KBL’s initial public offering will forfeit any rights or claims to their deferred underwriting discounts and commissions held in the trust account. As a result of the termination, the NYSE Amex is expected to suspend the trading of KBL’s units, common stock and warrants. Any further questions regarding KBL’s liquidation should be directed to Shareholder Services at Continental Stock Transfer & Trust Company at (212) 509-4000. <snip> finance.yahoo.com