National Storm Management (CE) (USOTC:NSMG)
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From Dec 2019 to Dec 2024
National Storm Management, Inc. (Other OTC:NSMG) announced today that it
has 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. To support the cleanup effort, the Company plans
to mobilize operations through this new office, as part of its national
expansion strategy. National Storm expects to open two new branch
offices annually to capitalize on opportunities created by storm
activity. The Company currently has offices, through its affiliates, in
Illinois, Indiana, Kentucky, Florida and Ohio.
“We have spent the past two years stabilizing
the business and restructuring operations, which should lead to
improving our financial condition,” said Terry
Kiefer, president and CEO of National Storm Management. “We
now believe we are well positioned for growth. Already, we have seen
significant interest in our first-responder services in the Atlanta
area, which is why we felt it appropriate to open an office in the area.
We believe the opportunity is quite significant in the area. Two years
ago, there was a hail storm in Indianapolis. It was estimated that the
damage was approximately half of the level of the Atlanta storm. The
Company generated in excess of $4 million in revenue from the event.
Through the opening of this new office, we believe National Storm is
well positioned for similar success. We expect to open an additional
office this year to respond to future storm activity. While the last two
years have seen few major storms, we have prepared the Company to
respond quickly to events and to eventually diversify our operations so
we are not completely dependent on storm activity to support growth.”
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 Louisiana); WRS, Inc. (Minnesota); 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.