On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

National Storm Recovery Inc. (NSRI) Releases First-Quarter Numbers; CEO Calls Quarter ‘Extraordinary’

  • NSRI reports first-quarter gross profit numbers totaling more than $1.7 million; total assets approximately $34.7 million
  • CEO says NSRI is prepared to meet challenges, has planned for upcoming hurricane season
  • Zoning approval, already-inked deals provide National Storm Recovery with strong position heading into busy season

National Storm Recovery (OTC: NSRI), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, reports first-quarter numbers totaling more than $1.7 million in gross profit and total assets reaching more than $34.7 million.

“This year’s first quarter has been extraordinary,” said NSRI CEO Tony Raynor. “We have made major upgrades at our key production facility to increase our production. We are prepared to meet the challenges and have planned accordingly for the hurricane season, the busiest season within our industry.”

The NSRI numbers, which were for the three-month period ending March 31, 2020, totaled revenues of $6,255,262; $1,728,506 of gross profit; and $34,711,993 in total assets, including $4,303,668 of cash. The report only reflected approximately two months of post-acquisition revenue from Mulch Manufacturing, which NSRI acquired in February of this year.

National Recovery Services recently received final zoning approval for its 100-acre site in Lake County, Florida, which will serve as the company’s flagship tree-debris collection site, as well as a storehouse for NSRI’s mulch manufacturing, soil composting and production bagging. In addition to the zoning approval, the company has signed three substantial agreements for the upcoming storm season, expectations of which range from above average to record breaking regarding its potential devastation (http://nnw.fm/t7wWu).

Regardless of the severity of the season, National Storm Recovery is prepared. Through its subsidiaries, including National Storm Recovery LLC, NSRI provides tree services, debris hauling, removal and biomass recycling, manufacturing, packaging and sales of next-generation mulch products.

One of the company’s primary corporate objectives is to provide a solution for the treatment and handling of tree debris, a frequent by-product of hurricanes. Historically, such tree debris is sent to local landfills and disposal sites, creating an environmental burden and pressure on disposal sites around the nation. NSRI is committed to creating synergistic and environmentally beneficial solutions to tree and storm waste disposal.

The company’s Sustainable Green Team solutions begin with the collecting of tree debris through its tree-services division and collection sites, then recycling the debris into a feedstock that is manufactured into a variety of organic mulch products that are packaged and sold to landscapers, installers and garden centers. If the impending storm season proves to be as devastating as expected, NSRI is well positioned to provide critical support to threatened communities.

To view the company’s investor presentation, visit http://nnw.fm/7NP9t

For more information, visit the company’s website at www.CentralFloridaArborCare.com/storm-recovery.

NOTE TO INVESTORS: The latest news and updates relating to NSRI are available in the company’s newsroom at http://nnw.fm/NSRI

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217