FORT WORTH, Texas, Oct. 15, 2012 // PRNewswire // - Firemans Contractors, Inc. (OTCBB: FRCN) (OTCQB: FRCN): "New statistics on the high economic cost of traffic congestion in Texas should lead to implementation of state plans to expand and improve highways and increased contracts for companies in the highway marking and maintenance industry," says Renee Gilmore , CEO of Firemans Contractors, Inc.
Firemans Contractors provides professional road and pavement improvement, maintenance, and repair services to commercial and government clients in Texas and across the country. The publicly-owned company, founded by a firefighter, sells locally-owned franchises nationally and donates a percentage of its profits to local Firefighters' Associations.
The Texas State Department of Transportation (DOT) recently released its annual study of "The 100 Most Congested Roadway Segments in Texas." The 2011 cost in lost time and wasted fuel for Texas drivers and businesses was nearly $3 billion.
The study cites existing plans to mitigate the crippling congestion problems through road improvements and construction, among other things.
Projects are already underway or in the works. Firemans CEO, ReneeGilmore points toa DOT announcement last week of a tentative deal with a non-affiliated private developer worth $1.6 billion to expand Interstate 35W in north Fort Worth, the most congested roadway in the state. The new work on Interstate 35W is expected to begin in mid-2013 and be completed by mid-2018.
"Repairing and improving our broken road system in Texas leads not only to business opportunities for Firemans but also to personal and business savings and increased employment," says Gilmore.
Fort Worth-based Firemans Contractors offers entrepreneurs the opportunity to own Firemans Contractors franchises in major markets across the country.
The company's goal is to develop and expand new franchise locations across the U.S.
This year the company partnered with the Veteran Transition Franchise Initiative (VetFran) to assist veterans who are interested in small business ownership. VetFran, an International Franchise Association (IFA) program, was founded in 1991 to support returning veterans and help them transition into the civilian economy with financial incentives, training, and mentoring as small business owners.
Firemans Contractors, a member of IFA, was founded in 2009 by firefighter Aaron Gilmore , currently chief operations officer and director of the company. Gilmore brings his professional firefighter's values of honor, integrity, and service to the company, which is known for its reliability, strong customer relationships, and high-quality performance at competitive prices.
The company's professional services include road improvements, pavement maintenance, seal coating, parking lot striping, pavement marking, asphalt maintenance and repair, and Americans with Disabilities Act (ADA) compliance.
Among the company's commercial and government clients are schools and universities, hotel, restaurant, and retail chains; banks, clinics, food and chemical companies, and major corporations across Texas.
Firemans Contractors, Inc. (OTCBB: FRCN) is a full-service contractor providing professional services for commercial and government clients, offering Business to Business Franchise Opportunities. Its services include Road Improvements, Pavement Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, and ADA Compliance. Firemans Contractors has completed its FDD requirements with the Federal Trade Commission and has developed franchise territories across the U.S. The company's goal is to develop and expand new franchise locations across the U.S. in the next 24 to 48 months. Firemans Contractors brings a professional value system delivering outstanding results through honorable customer relationships and repeat business. Local firefighters are supported by a portion of profits which are donated to local Firefighter Associations.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Chief Executive Officer
Firemans Contractors, Inc.
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SOURCE Firemans Contractors, Inc.