Surge Solutions Group, Inc., a Florida corporation (the “Company” or “Surge”) is a multi disciplined solutions company specializing in three specific markets of general construction in Florida including (i) insurance restoration, (ii) installation services for large scale national home improvement chains and new construction warranty and (iii) post construction finish and customization work for local and national new home builders.
Surge also intends to expand its operations to include petroleum contamination cleanup of over burdened soil and removal of obsolete tanks which, with certain statutory deadlines pending in Florida.
Insurance restoration is at the core of the Surge business model. Surge is a “preferred contractor” for a substantial number of insurance companies and third party adjusters. As a preferred vendor, Surge is qualified for residential and commercial projects. Surge has been successful in the insurance restoration arena due to our ability to offer the insured, adjuster and carrier one single source for mold remediation, flood mitigation, fire restoration, emergency services, contents cleaning and inventory compilation services.
According to the National Weather Service, the Atlantic Coast is in a ten to twenty year cycle of very active hurricane seasons; Surge is positioned to undertake large scale restorations for condos, homes and commercial buildings.
Management believes our core competitive advantage lies in the longevity of our relationships with the insurance companies and adjusters.
Installation Services - Large Scale Home improvement Chains
The company has established working relationships with large scale home improvement chains to provide a number of installation services including doors, windows, roofing, kitchen cabinets, decking and fencing. This has allowed us to create additional diversity in our revenue stream while opening up an entirely new market. The new revenue stream has given us better cash flow controls by utilizing smaller, faster paced jobs that are paid immediately upon completion, without the typical overhead of financing the materials or having intense customer service or sales to acquire or complete the job.
Through this diversification we have developed a robust infrastructure, controls, systems and a proprietary network of fully engaged tradesmen along with a deep and experienced management team. We believe this provides a platform for rapid and expansive growth. Future plans for growth include implementation of additional locations northward into the central and northern Florida, with a long term goal of national implementation.
New construction warranty and post construction finish and customization work for local and national new home builders
Surge has found a niche market with certain home builders in Florida. Typically, once a developer has completed and sold a unit, they have no interest in performing warranty, or post- construction work. Surge can provide these services for the builders along with the finishing and customization work that many new home owners request. In a subdivision, new home buyers have very little opportunity to modify home plans established by builders. Surge provides these “after market” services to accommodate the new homeowners request to change, modify or add to the original structure. Surge maintains good relationships with numerous developers and is positioned to perform these warranty services and after-market modifications.
We believe growth in our warranty and post construction market will be significant in 2007 as many of the new construction projects from the recent housing boom are wrapping up and homeowners are entering their warranty period. We believe many new homeowners will also be ready to make modifications to their homes.
