Kent Financial Services, Inc Reports Third Quarter Results

November 15, 2011

Kent Financial Services, Inc. (Nasdaq: KENT) reported consolidated revenues for the third quarter ended September 30, 2011 came in at $217 thousand compared to only $6 thousand during the same period in 2010.  The consolidated net loss for the period was $131 thousand or ($0.05) per share versus a net loss of $113 or ($0.04) per share in 2010.

For the nine month period ended September 30, 2011, the KENT showed consolidated revenues of $466 thousand compared to only $22 thousand during the same period in 2010.  The consolidated net loss for the period was $475 thousand or ($0.17) per share versus $360 thousand or ($0.14) per share in 2010.

KENT provides management services to its 53.44% owned subsidiary Kent International Holdings, Inc. (OTCQB: KNTH.PK).  In February of 2011,  Kent International became a full-service real estate company with the purchase of a commercial office building located in Dallas, Texas.  Other than cash, the building represents the primary asset as well as the primary source of revenue for Kent International and KENT on a consolidated basis.

In August of 2011, Kent International filed a proposed going private transaction whereby Kent International would effect a 1-for-950,000 reverse stock split and redeem all fractional shares for $2.50 per pre-split share.  Kent International anticipates it will pay approximately $4.14 million to redeem fractional shares owned by minority shareholders.  If the going private transaction is completed, it will result in KENT owning 100% of Kent International.

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