ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

In an effort to more closely align salary expenses with revenues, the Registrant is contracting its full time management positions. Effective March 27, 2009, Martin N. Speroni, the Registrant's President, will resign his position. Mr. Speroni will be available as needed on a consulting basis. Franklin P. Earley, the Registrant's Chief Executive Officer, will assume the duties of President effective March 27, 2009. Mr. Earley will not receive additional compensation for assuming the role of President.

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Pursuant to the requirement of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Waterside Capital Corporation

By: /s/ Franklin P. Earley Chief Executive Officer

Dated: April 2, 2009