National Storm Management Opens New Branch Office to Respond to Atlanta Tornado and Hail Activity
April 01 2008 - 10:17AM
Business Wire
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.
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