QualityStocksNewsBreaks – National Storm Recovery Inc. (NSRI) Posts Corporate Update Regarding COVID-19
National Storm Recovery (OTC: NSRI) a provider of tree services, debris hauling, removal and bio-mass recycling, manufacturing, packaging and sales of next-generation mulch products, on Thursday issued a corporate update on first-quarter sales and company management’s strategies to support employees and shareholders amid the coronavirus pandemic. As a result of the company’s long-standing, strong relationships with its customers, including big box retailers that are considered essential businesses, revenues from its recently acquired Mulch Manufacturing subsidiary were $7.3 million for the first quarter of 2020. Though cash flow remains strong, its Mulch Manufacturing subsidiary has been approved to receive $1,458,200 in…