Thats retarded thinking. first, many of us knew where it was today months ago and posted it a number of times - guess what - we were right and your figures wrong. the longs made their decision but many did sell like myself and now buying at these winter lows. you twins take simple math and and try to make it calculus. it just does not fly. Second - its the insurance companies that use nsmg services. while they may have closed some they are opening others and they have made improvements.
National Storm Management Reports Third Quarter 2007 Results
Third Quarter Operating Results Improve Versus Last Year's Third Quarter
Last update: 11:27 a.m. EST Nov. 20, 2007Print E-mail RSS Disable Live Quotes
CHICAGO, IL, Nov 20, 2007 (MARKET WIRE via COMTEX) -- National Storm Management, Inc. (PINKSHEETS: NSMG) reported its third quarter financial results for the period ended September 30, 2007.
Revenue for the third quarter declined 11 percent to $2.2 million compared to the second quarter of 2007. While revenue was 28 percent lower in the 2007 third quarter period versus the comparable period in 2006, operating results improved by 14 percent or $92,588. During the third quarter the company posted a net loss of $0.7 million, or $0.01 per share, compared to a net loss of $1.1 million, or $0.01 per share in the second quarter. The improvement in results is due to significantly lower interest expense.
"For the second consecutive year hurricane activity was absent in the state of Florida," said Terry Kiefer, president and CEO of National Storm Management. "Also, the production levels in the Midwest were not sufficient to support our overhead structure. Accordingly, we have consolidated offices and personnel throughout the organization. We will use the upcoming winter months to complete our second response to the SEC's inquiries regarding our form SB-2, and we will continue to pursue OTC Bulletin Board trading status," said Kiefer. "Longer term we are prepared to open two new offices in the spring as the new storm season begins."
About National Storm Management, Inc.
National Storm Management (PINKSHEETS: NSMG) 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
AI
