Hi guys, havnt been on for a while.. Took a break from linux but im back now

So being back I started working on a new MakuluLinux release, and ofcourse there being quite a few kernel updates and now debian supporting systemd I thought it best to use a newer updated refractsnapshot, but i am at my ropes end here, been struggling for 2 days now and I need some help please. here is what i have done :
Firstly the new snapshot does not install on debian testing, gives an "cannot install 'live-config'" error. so i did as the post in another thread suggested, i simply extracted the deb file and copied to correct directories. I then proceeded to take a snapshot, it gave me a few errors in the log, Rsync, squashfstools, ISOLINUX, xorriso and few other packages i had to install. So i did. I proceeded to build without errors.
However, the problem has popped up when i try and boot the live CD i created, it gives me a kernel panic error ( see the screenshot below ). and I have tried everything i can think of, I just dont know how to fix this, the original OS works perfectly, its only the snapshot image that gives this error.
I am buildingbased on debian testing. Any ideas on what i am doing wrong ?
here is a screenshot of the error :
http://s17.postimg.org/vr7fxjc33/kernel_error.jpg