National Storm Recovery (OTC: NSRI) today announced that it is in the final stages of preparing its financial statements and expects to post them on OTC Markets by the end of the first quarter. According to the update, following its successful acquisition of Mulch Manufacturing, Inc., NSRI is in the process of completing a third party valuation of its assets for inclusion in its consolidated financial statements. The financial statements are being prepared not only from a US GAAP compliance perspective, but also in accordance with required standards for PCAOB unqualified audit reports.
To view the full press release, visit http://ibn.fm/h62jb
About National Storm Recovery
National Storm Recovery, Inc., based in Florida, through its subsidiaries, provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The company was established with the objective of providing a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. The company and its Sustainable Green Team’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree services division, and collection sites, then through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and are positioned for rapid growth from the resulting synergistic opportunities identified. The company’s customers include governmental, residential and commercial customers. For more information, visit the company’s website at www.NationalArborCare.com.
NOTE TO INVESTORS: The latest news and updates relating to NSRI are available in the company’s newsroom at http://ibn.fm/NSRI
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