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Thursday, 05/14/2009 7:24:27 AM

Thursday, May 14, 2009 7:24:27 AM

Post# of 16584
NSMG NEWS:

IRVING, Texas--(BUSINESS WIRE)--National Storm Management, Inc. (NSMG.PK) released first quarter results today, posting an operating loss of $131,701 and sales in excess of $1.1 million compared to an operating loss of $570,536 and sales just over $0.6 million in the fourth quarter and an operating loss of $453,188 on sales of just over $0.7 million for the same period last year.

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“We are extremely excited about the improvement we have shown in the first quarter,” said Terry Kiefer, CEO and President. “Our overhead levels are now the lowest they have been in over three years. We finished the quarter with March sales of $570,000 and have started the second quarter with April sales of $610,000,” stated Kiefer. “We have put a whole new face on this Company through both personnel changes and process changes and we look forward to building on the momentum it has produced and carrying it into the upcoming hurricane season. We are committed to restoring shareholder confidence through continually improving performance,” concluded Kiefer.


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