NSMG National Storm Management Inc (CE)

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.

National Storm Management (CE) (USOTC:NSMG)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024

National Storm Management (CE) (USOTC:NSMG)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024