RG America Mobilizes Disaster Teams to South Florida for Hurricane Wilma 10/20/2005 8:04:08 AM
DALLAS, TX, Oct 20, 2005 (MARKET WIRE via COMTEX) -- RG America, Inc. (RGMI) (RGA), a Dallas-based Insurance Restoration Company, is mobilizing its disaster response teams and equipment towards the South Florida Gulf Coast ahead of Hurricane Wilma. According to officials, Wilma is the most intense hurricane ever recorded in the Atlantic Basin. RGA's restoration division, The Restoration Group ("RG"), has been in Florida since last year repairing the extensive damage caused by Hurricanes Ivan and Dennis, and in Mississippi and Louisiana handling major restoration work resulting from damage caused by Hurricanes Katrina and Rita this year.
The Restoration Group has completed major projects throughout the Gulf Coast from Florida to Texas, handling all aspects of insurance losses including emergency board-up, drying, dehumidification, damage estimating, remediation, demolition, reconstruction and roofing repair. RG has project experience ranging from multi-family and high-rise condos to commercial buildings, resort and entertainment facilities and government buildings. "Our clients have come to expect the best in both service and speed in handling their catastrophic losses. We have continually performed under the most difficult of circumstances, which is why we are already receiving calls in advance of Hurricane Wilma. Our disaster response teams are mobilizing in Wilma's expected path, in order to quickly respond to our clients' needs," remarked James Rea, COO.
RG America is a family of companies delivering both insurance restoration services and targeted insurance services/products. Its restoration subsidiaries specialize in remediation, insurance recovery, roofing, reconstruction and project management for insurance losses. The company focuses primarily on multi-family, retail and commercial real estate properties that have experienced catastrophic losses caused by hurricane, flood, fire, wind or hail. RG Insurance Services, Inc. ("RGIS") is a full lines insurance agency. It will be the general agency for RGA's proprietary property and casualty insurance product called PropertySMART(SM) which delivers improved service and cost savings to the multi-family housing industry.
This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor shall there be any sale of these securities in any jurisdiction in which it is unlawful to make such an offer or solicitation.
A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
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This one moved to 1.35 last storm.