Firemans Contractors Announces Filing of Form 10-Q
Continued Growth in Revenues Contributed to Franchise Model and 80% in Repeat Clientele
FORT WORTH, TX - (Marketwired - Nov 26, 2013) - Firemans Contractors, Inc. (OTCQB: FRCN) is pleased to announce that the Company's Form 10-Q for the fiscal quarter ended September 30, 2013, has been filed and is available for review on the SEC EDGAR site.
10-Q filing: http://www.sec.gov/Archives/edgar/data/1471271/000119983513000803/firemans_10q-15814.htm
Renee Gilmore, CEO of Firemans Contractors, stated, "The Company continues to see growth in revenue, repeat clientele and reduction in operational cost. We've seen gross revenue increase by 56% compared to same period last year. Repeat clientele was a major factor, contributing to those gross revenues, roughly 80% repeat business in 2012 and again in 2013. We've strategically positioned ourselves for this growth, contributing our continued success to our franchise model, franchisees and key individuals that continue to develop Firemans Contractors into a nationwide brand."
The Company is planning to engage a high level financial advisory firm to obtain a third party corporate valuation that will address the Company's true market value compared to its current market cap and share price. The information will be provided to the investment community and current shareholders.
About Firemans Contractors
Firemans Contractors, Inc. (OTCQB: FRCN) is a Franchisor and full-service contractor providing professional services for commercial and government clients, focused on developing its Business to Business Franchise Opportunities throughout the United States. Its services include Road Improvements, Pavement Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, and ADA Compliance. 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. Firemans Contractors is a proud member of the Franchise Association (IFA) and The Veteran Transition Franchise Initiative (VetFran). As member, Firemans Contractors is expanding through franchise development, aimed to assist the Company in expanding its market share. As a franchisor, the Company will provide franchisees with training and support, including the proprietary Firebase™ software platform, which is included along with other business tools and training for new franchisees of Firemans Contractors.
For more information about Firemans Contractors, visit: www.FiremansContractors.com
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.
Firemans Contractors, Inc.
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