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National Storm Management Responds to Significant Storm Damage in the Midwest Monday October 16, 3:10 pm ET
Storm System Rolls Through Midwest With Heavy Rain, High Winds and Hail Damage
CHICAGO, IL--(MARKET WIRE)--Oct 16, 2006 -- Heavy storms rolled through Chicagoland the week of October 2 with 95 miles per hour winds and hail up to 1.75 inches in diameter damaging homes, downing power lines and trees. ComEd, a unit of Chicago-based Exelon Corporation which provides service to approximately 3.7 million customers across Northern Illinois, declared the storm to be Illinois' worst since November 1998 and stated that approximately 470,000 of its customers were affected. ADVERTISEMENT
A few days later, parts of Ohio were ravaged by severe thunderstorms which delivered hail up to 1.5 inches in diameter, damaging thousands of homes in the Columbus area including punching holes through siding and shattering windows. According to The Columbus Dispatch, State Farm Insurance, which insures 23 percent of the homes in the Columbus area, expects 10,000 auto and home claims totaling $75 million. So far, 1,300 State Farm customers have filed claims.
"Over the past week we have expanded our sales teams in the Chicagoland and Columbus markets as residents are seeking to repair damage to their homes," said Terry Kiefer, president and CEO, National Storm Management. "These events validate our strategy to have established retail operations in place to service the needs of area residents in storm prone regions of the country. We have been able to react to these storms more quickly than ever before due to our presence in these locations."
About National Storm Management, Inc.
National Storm Management (Other OTC:NSMG.PK - News) is an expanding national construction company headquartered in Glen Ellyn, Illinois and providing storm restoration services in nine states. Its operating affiliates include: ABC Exteriors (Illinois and Indiana); Pinnacle Roofing (Florida, Mississippi and Louisiana); MSM Builders and Remodelers (Missouri); WRS, Inc (Minnesota); First Class Builders (Maryland); 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.
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wow.. at 0.075 per share, this might actually be worth picking up sometime.. long term sleeper, till next year's "hurricane season" frenzy drives the price up again..
-------------------- the market is not your mother
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National Storm Management Reports Amendment to Articles of Incorporation and Stock Dividend CHICAGO, IL -- (MARKET WIRE) -- October 23, 2006 -- National Storm Management, Inc. (PINKSHEETS: NSMG) has announced that its board of directors declared a one time stock dividend for all stockholders of record pursuant to which one share of Class B Common Stock will be issued for every twenty (20) shares of the Company's common stock ("Common Stock") held as of the close of business on October 27, 2006. Distribution of the dividend shares will begin on or about November 3, 2006.
The Class B Common Stock was created by an amendment to the Company's Articles of Incorporation filed with the Nevada Secretary of State on October 6, 2006. The Class B Common Stock is entitled to twenty (20) votes per share on all matters submitted to the stockholders for approval, including election of directors. The Class B Common Stock is generally not transferable other than by the laws of descent and distribution or, if the beneficial owner of the Class B Common Stock is a corporation, by merger or by distribution to the corporation's shareholders. However, the Class B Common Stock is convertible into Common Stock on a share-for-share basis which may be transferred at any time. Therefore, the Class B Common Stock is expected to have the same value per share as Common Stock. Each share of Class B Common Stock is also entitled to share ratably with the Common Stock in any dividends as may be declared by the company's board of directors out of funds legally available and in the distribution of the assets of the company available for distribution upon dissolution and liquidation of the company. The company currently does not pay any cash dividends.
Highlighted Links National Storm Web site
National Storm Management, Inc. believes that the current market price of its stock is low compared to the value of the Company. The Company's board of directors believes that the stock distribution will help to protect shareholders against abusive takeover tactics such as two-tier or partial tender offers, open market accumulations and other tactics that may be used to gain control of a company without paying a fair price to all shareholders. The stock distribution was designed to assure that shareholders are not deprived of their rights to share fully in the Company's long-term potential, but not to prevent a fairly valued bid for the Company.
About National Storm Management, Inc.
National Storm Management (PINKSHEETS: NSMG) is an expanding national construction company headquartered in Glen Ellyn, Illinois and providing storm restoration services in nine states. Its operating affiliates include: ABC Exteriors (Illinois and Indiana); Pinnacle Roofing (Florida, Mississippi and Louisiana); MSM Builders and Remodelers (Missouri); WRS, Inc (Minnesota); First Class Builders (Maryland); 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.
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Did anyone receive their dividend? According to the press release they said:
"CHICAGO, IL--(MARKET WIRE)--Oct 23, 2006 -- National Storm Management, Inc. (Other OTC:NSMG.PK - News) has announced that its board of directors declared a one time stock dividend for all stockholders of record pursuant to which one share of Class B Common Stock will be issued for every twenty (20) shares of the Company's common stock ("Common Stock") held as of the close of business on October 27, 2006. Distribution of the dividend shares will begin on or about November 3, 2006."
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I called NSMG CFO to ask about Dividends and he said that they would be getting the checks out in the next week or 2. I am not sure if I spoke to David or Phil but who ever it was, called me back. Please call them ask about your dividend check.
For Media Inquiries:
David Gutierrez Dresner Corporate Services 312-780-7204 Email Contact
Company Files Form SB-2 With SEC With Intention to Receive a Listing on the OTC Bulletin Board
CHICAGO, IL--(MARKET WIRE)--Nov 16, 2006 -- National Storm Management (Other OTC:NSMG.PK - News), a national construction company, announced today that it has filed Form SB-2 with the Securities and Exchange Commission (SEC) in order to register for sale shares held by certain of the Company's stockholders. Upon effectiveness of the registration statement, the Company will become subject to SEC reporting requirements, including the filing of quarterly and annual financial statements. The Company intends to seek approval from the National Association of Securities Dealers (NASD) to have its common shares quoted on the Over-The-Counter Bulletin Board (OTCBB).
"We believe this process will enhance our credibility in the capital markets and possibly improve trading liquidity for our stock," said President and CEO Terry Kiefer. "We expect to have an effective registration statement on Form SB-2 by year end and begin trading on the OTC Bulletin Board by early next year."
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Actually, today is exactly the time to load up on this stock for the summer... it's .01 away from the year's low. GUARANTEED double if not triple from here.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Still no dividend checks from NSMG - please call along with me to apply pressure to these people. They should have distributed them 11/3 - which means they should have been in our accounts several weeks ago - they are not:
For Investor Inquiries: Philip Kranz Dresner Corporate Services 312-780-7240 Email Contact
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brooklyn - you are correct - sorry - i miss spoke - yes we are getting stock 1 for 20 - we will be getting those additions by the end of the week
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NSMG = still no dividends - but good news - more BS excuses - this time it was problems experienced with a transfer agent - tune in next week for the the latest bull**** installment
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Hurricane threat for 2007 upgraded by scientific team Dec 08 6:03 AM US/Eastern
After a lull this year, the Atlantic hurricane season in 2007 will see "a return to high activity," scientists have forecast. "Based on current and projected climate signals, Atlantic basin and US landfalling tropical cyclone activity are forecast to be 60 percent above the 1950-2006 norm in 2007," said Tropical Storm Risk (TSR), a London-based consortium.
"There is a high (around 80 percent) likelihood that activity will be in the top one-third of years historically," it added in its press release.
It gave the rough forecast of more than 15 tropical storms, of which nearly nine would be hurricanes, and nearly four intense hurricanes.
2006 was a quiet year for hurricanes.
Out of nine tropical storms during the June-November season, only five hurricanes formed and none made landfall on US coasts.
That compared to the deadly 2005 season, which produced a record 27 named storms and 15 hurricanes, seven of them intense. They included Hurricane Katrina, which swept westward across Florida before barrelling into New Orleans on August 29, 2005.
TSR (tropicalstormrisk.com) groups scientists from University College London's Benfield Hazard Research Centre, which is sponsored by the reinsurance industry.
Its forecast is based on the sea surface temperature and trade wind speed in the Caribbean and tropical North Atlantic, which are the two main drivers for whipping up hurricanes.
Copyright AFP 2005, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium
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