posted
National Storm Management, Inc. Reports Results for 2005 Year Revenues up Sharply Wednesday May 24, 6:41 pm ET startups in new markets contribute to net loss
GLEN ELLYN, Ill.--(BUSINESS WIRE)--May 24, 2006--National Storm Management, Inc. (PINK SHEETS:NLST - News) today reported results for the fiscal year ended December 31, 2005. Revenues rose 21 percent to $15.2 million. However, the company reversed its history of yearly profits to post a net loss of $1.6 million, or four cents a share.
Gains in revenues came primarily from Florida operations following hurricanes in that state. Costs of $1.1 million to open five new offices (in Florida, Mississippi and Minnesota) during 2005 contributed to the net loss. Sales of $500,000 from developmental offices in Mississippi and Minnesota had little impact on 2005 revenues, yet are expected to generate up to $12 million in 2006. For the year, National Storm reported revenues of $15,153,760, up sharply from $12,486,913 in 2004. Net loss for the year was $1,642,075, or four cents a share with 42,245,088 basic weighted average common shares outstanding. This compares to net income of $65,952, with zero earnings per share based on 34,000,000 average common shares outstanding.
"We are pushing for rapid growth and that means making significant investments in locations that meet our criteria. We expect the development expenses of 2005 to pay off in the current year and the future," said Terry Kiefer, National Storm's president and CEO. "The Mississippi and Minnesota operations are prime examples of this as they did not benefit our financial results last year but should make a contribution to both top and bottom lines in 2006."
A second key factor impacting last year's results was timing relating to Hurricane Katrina. "National Storm is not in the first round of post-Katrina rebuilding," Mr. Kiefer said. "First-stage restoration is in the central area of total destruction. We locate our offices 50-100 miles out of a city, where there is less damage. In this exceptional Katrina situation, insurance companies have devoted their resources to helping those who have been hit the hardest and our market area has been slow to get their attention. We are seeing this attention now. Although there is a lag between insurance company approval and completion of the work, Katrina-related work will have positive impact on our financials in 2006.
"Overall, we expect solid growth in 2006, especially beginning in the third quarter. Our investments in new locations should pay off and the exceptional delay relating Katrina will be behind us. We continue to seek acquisitions, although there is a lot of room for internal growth at this point as well," Mr. Kiefer said. One example of internal development is the Company's Illinois operation, ABC Exteriors expansion into Indianapolis.
The company also said it is moving forward toward its plan for National Storm to expand its liquidity and recognition in the financial markets. It is currently preparing to register the outstanding shares of its common stock and become an SEC reporting company.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
IP: Logged |
posted
Right now I think numbers are anyone's guess till we see the 8K.
I think they will be good the question is, will they be good enough to see a strong run to begin with or a slow run?
I think to see a strong run the numbers will have to be outstanding (I doubt they are but thats my guess). To see a slow run the numbers will have to be just above good. Bad numbers we don't want to even talk about.
posted
The fact still remains is that this stock is going to be another stock when this all settles and that stock will be of a merged billion dollar company whose stock will not be at a price under a dollar, so sit back and wait if you are patient if will pay off.
IP: Logged |
posted
that wasn't a pr, I was referring to the fluff pr they sent out Tue about the joint-venture. They obviously put it out because they don't have the consolidated finacials ready yet, if they did they would have put out the joint-venture pr right after the finacials to show potential growth
-------------------- Success is having the time and money to enjoy all of life's wonders...
IP: Logged |
posted
Rich- I don't think that was a fluff PR, that could be really big news...check out oil india's website and look at their other joint ventures.
IP: Logged |
posted
I agree Kat that it is good news. But it was the wrong time to put that info out when everyone was waiting for the financials. It makes people think something is up, or there is a problem with the news we really need. Like I said, good news, wrong time to release.
-------------------- Success is having the time and money to enjoy all of life's wonders...
IP: Logged |
posted
Yes dig, but my feeling is they don't want people to look at those numbers. They don't want to confuse people, so I think they will only release the 8K and consolidated financials in a pr...JMO Slow day:)
-------------------- Success is having the time and money to enjoy all of life's wonders...
IP: Logged |
posted
slow outfit. I hope this long delay isn't a sign of what co/shareholder relationship will be like. Afterall most of us are capitalist pigs as they use to say in the movies. Like Russia never wanted money.
IP: Logged |
posted
I agree Dig, I just don't understand why Parkin would say "it will be out today or they next" for two weeks now...Normally I would bail on those signs, but I feel this stock is an exception:) Hope I'm right
-------------------- Success is having the time and money to enjoy all of life's wonders...
IP: Logged |
posted
Hello, I'm new to the board and just want to wish all NDOL owners the best possible outcome (myself included). Have they really issued over a half billion shares?
IP: Logged |
posted
Nord Oil/ North-West Oil Group Files Consolidated Financial Statements for the Quarter Ending March 31, 2006 USD $32.7 Million in Consolidated Sales for the Quarter and Over USD $116 Million in Assets and USD $99.7 Million in Shareholders' Equity
MONTREAL -- (MARKET WIRE) -- 05/25/06 -- Nord Oil / North-West Oil Group (PINKSHEETS: NDOL) today, provided the consolidated interim financial statements of the merged businesses for the quarter ending March 31, 2006.
The company will proceed to file its audited financial statement of the North-West Oil Group as well as its pro-forma consolidated financial statements. The merger was effective by the issuance of 357,186,230 (59%) restricted common shares, whereby management has decided not to cause the company to perform a reverse stock split of its shares and therefore the total issued and outstanding post merger is 605,400,387 of which 567,146,124 (94%) are restricted and 38,254,263 (6%) are registered "free trading."
FINANCIALS PREPARED BY RSM TOP-AUDIT
CONSOLIDATED INTERIM BALANCE SHEET
(UNAUDITED) ASSETS
March 31, 2006
USD Current Assets Cash and Cash Equivalents 53,596 Receivables 827,352 Inventory 1,212,167 Other 458,517
----------- Total Current Assets 2,551,632 Fixed Assets 8,701,834 Intangible Assets (Reserves/ Options/ Licenses) 99,402,604 Goodwill 4,642,970 Long-Term Investments 765,361
----------- Total Assets 116,064,401
-----------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities Accounts Payable 1,554,529 Due to Officers and Employees 817,258 Short / Current Long-Term Debt 360 Other 1,716,210
----------- Total Current Liabilities 4,088,087 Long-Term Debt 12,235,595
----------- Total Liabilities 16,323,682
-----------
Shareholders' Equity Paid-in capital 6,816,228 Retained Earnings/ Loss 92,924,491
----------- Total Stockholders Equity 99,740,719
----------- Total Liabilities and Stockholders Equity 116,064,401
-----------
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
For the Period of
Jan. 1, 06 to
March 31, 06 Sales Income 32,730,226 Operating Expenses (23,353,997) Selling, general and administrative (2,104,442)
Amortization/ Depreciation (3,600,324)
Gross Profit 3,671,463
Total other Income/ Expenses Net 26,161 Earnings before Interest and Taxes 3,697,624 Income Tax Expense (893,721)
Net Income/ Loss Per Common Share 2,803,903
About Nord Oil / the North-West Oil Group
Nord Oil International Inc. is a reporting publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.
posted
total assets look good, income was good, but operating expenses were high (which is to be expected with this type of company). Overall I'm disapointed and it looks like the market is feeling the same. But ********* is right if that is the float!
-------------------- Success is having the time and money to enjoy all of life's wonders...
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
