National Storm Management Opens New Field Office in Texarkana To Capitalize on Estimated $150 Million in Storm Damage
April 28 2008 - 10:07AM
Business Wire
National Storm Management, Inc. (Other OTC:NSMG) announced today
that it has opened a new office in the city of Texarkana, located
in Texas and Arkansas, to capitalize on an estimated $150 million
in storm-related damage from a recent hail storm. The Company
recently hired a sales force to respond to the opportunities. The
new office is part of its strategy to provide first-responder
services surrounding storm activity. �We continue to capitalize on
opportunities created by storm activity, as there is significant
demand for companies such as ours, which can respond quickly with a
skilled labor force,� said Terry Kiefer, president and CEO of
National Storm Management. �We believe the regional offices we and
our affiliates have created will allow the Company to quickly and
efficiently respond to storm-related events throughout many regions
of the country, particularly later this year when forecasters
expect a very active Hurricane Season.� Recently, the Company
opened a new office in Alpharetta, Georgia, a suburb of Atlanta, to
capitalize on recent storm activity in the area. As a result of
recent tornadoes and hail damage, metropolitan Atlanta sustained
approximately $250 million in damage. National Storm expects to
open two new branch offices annually to capitalize on opportunities
created by storm activity. The Company currently has other offices,
through its affiliates, in Illinois, Indiana, Kentucky, Florida and
Ohio. About National Storm Management, Inc. National Storm
Management is a national construction company headquartered in Glen
Ellyn, Illinois providing storm restoration services in seven
states. Its operating affiliates include: ABC Exteriors (Illinois,
Indiana and Kentucky); Pinnacle Roofing (Florida) and First Class
Roofing and Siding (Ohio). The company and its affiliates are
recognized by all major insurance companies such as State Farm,
Allstate, Farmers and others for storm related claims. The company
is a member of the National Roofing Contractors Association (NRCA)
and the Better Business Bureau. More information is available at
www.nationalstorm.com. Forward-Looking Statements Certain
statements included in this press release may constitute
forward-looking statements. These forward-looking statements relate
to, among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, financial performance, plans to update a
registration statement with the SEC, and other expectations,
intentions and plans contained in this press release that are not
historical fact and involve risks and uncertainties. Our
expectations regarding future revenues depend upon our ability to
develop and supply products and services that meet defined
specifications. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations, but actual results could differ materially as a
result of many factors, including, but not limited to, severe
weather conditions and the physical damage caused by hail storms
and hurricanes, fluctuations in interest rates and the resulting
impact on financing costs, general economic developments in the
states where we do business, availability of labor, materials and
supplies, our ability to execute our future growth plans and our
ability to timely and accurately prepare quarterly and annual
financial statements. Forward-looking statements are made as of
this press release and we do not undertake any obligation to
provide updates to such statements except where required to so by
law.
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