National Storm Shows Continued Progress with Q2 Results
September 17 2009 - 7:00AM
Business Wire
National Storm Management, Inc. (Pink Sheets: NSMG) released
second quarter results today. Second quarter revenues reached $1.7
million producing a nominal operating loss of $19,427. This
compares to Q1 sales of $1.1 million and an operating loss of
$131,701 and Q4 08 sales of $654K and an operating loss of
$570K.
“We are headed right in the direction that we expected at the
beginning of the year” said Terry Kiefer, CEO and President.
“Overhead levels are the lowest they have been since prior to 2005
and will remain that way as we open a second office in response to
a significant hail storm in the Denver area.
(http://denver.bizjournals.com/denver/stories/2009/07/27/daily16.html)
This storm should set us up for some of the strongest winter sales
that we have seen since 2004 and supports what we have been telling
investors for years, that we are not just a hurricane company,”
said Kiefer. “We expect a small dip in Q3 production as we have
pulled some cash out of Atlanta to get started in Denver but it is
already beginning to pay dividends and will continue as we head
into Q4,” concluded Kiefer.
About National Storm Management, Inc.
National Storm Management (Pink Sheets: NSMG) is an expanding
national construction company headquartered in Irving, Texas and
providing storm restoration services to storm prone areas in the
United States. There are currently 10 full-time employees and 20
commissioned non-employee salespersons. 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.
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