National Storm Management Inc. reports first quarter results
Glen Ellyn, Ill. - National Storm Management, Inc. (Pink Sheets: NLST) today announced its first quarter results on March 31.
The turnover of the companies 2294510 $ 4988781 $ in the first quarter of the previous year. The net loss was $ 612824, a loss of one cent on the basis of a weighted average rate of basic research 51192864 outstanding shares. Compared to a profit of $ 194361, or zero earnings per share compared to 40000000 shares outstanding.
The company explained that in the first quarter, a significant portion of potential post-Katrina has not been established by insurance companies, as they relate to the places have been completely devastated by the storm. Working Capital was founded by the late Post-Katrina, and the winter season slowdown in the Midwest. This prudent investment and growth in the region of Florida.
“Our business model provides an opportunity for a strong profitability,” said Terry pine, President and CEO. “The company has, indeed, its potential benefits to most of its history.
“We have focused on the rapid growth in the past 18 months and have excellent sites in the storm centers of the Middle West and South. At the same time, but this expansion, the company’s expanded capacity overhead.
“In addition to management’s National Storm carefully the cash position, we recognize that our current offices, the resources they need to maximize their potential. We are continuing to search for possible acquisitions, but our goal is to use the infrastructure we have built and it can generate higher revenues, while we believe much Overhead costs at current levels, “said Kiefer.
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