National Storm Management Expands Its Mississippi Operation Into Metairie, Louisiana
GLEN ELLYN, IL, Feb 15, 2006 (MARKET WIRE via COMTEX) -- National Storm Management, Inc. (OTC: NLST) today said its Hattiesburg, Mississippi operation is opening a satellite office in Metairie, Louisiana. This location will operate under the Pinnacle Roofing, Inc banner as the Company continues to solidify its production capabilities. The Company said this new location will support its targeted sales of $12 million related to Hurricane Katrina's southeastern rampage in 2005.
"National Storm targets restoration markets that are about 50 - 100 miles outside of the eye of the hurricane," said Terry Kiefer, President. "That is because we focus on exterior repair only, which is generally beyond a storm's center where there is more extensive interior damage. Before actually starting work, we make sure that estimated repair costs are in agreement with the scope of loss of the various insurance carriers. Even though the storm struck last August, we expected a lag between the timing of the event and actual repairs to begin."
"Because of the tremendous damage from Hurricane Katrina, insurance carriers have been focused on areas that are totally devastated. They are just now moving into areas where the Company's operations are established," Mr. Kiefer said.
National Storm Management is an expanding national construction company specialized in storm restoration management that works closely with affiliates in seven states. The affiliates are: ABC Exteriors (Illinois), Pinnacle Roofing (Orlando, Vero Beach & West Palm Beach, Florida), MSM Builders and Remodelers (Missouri), WRS, Inc (Minnesota), First Class Builders (Maryland), Pinnacle Roofing (Mississippi), First Class Roofing and Siding (Ohio) and Pinnacle Roofing (Louisiana). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and many others for storm related claims. The Company is also a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau.
CONTACT:
Mark V. Noffke
Chief Financial Officer
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