SOURCE: AAA Public Adjusting Inc.

AAA Public Adjusting Inc.

June 21, 2011 09:26 ET

AAA Public Adjusting Group, Inc. Announces Plans to Enter the Catastrophe-Adjusting Market on a Nationwide Scale

Billions in Insurance Adjusting Damages Mean Potential Millions in Revenues for AAA

HOLLYWOOD, FL--(Marketwire - Jun 21, 2011) - AAA Public Adjusting Group, Inc. (AAA) (OTCBB: AAAA) announces plans to put together a team which will travel to national disaster sites nationwide to perform public adjusting services in the affected areas. Currently, AAA Public Adjusting Group, Inc.'s 100% wholly owned subsidiary Florida Claims Consultants (FCC) has over 4,000 clients and in the event of an active hurricane season in Florida the majority of these clients would be repeat customers.

Recently, the storms in Alabama and much of the southeast United States caused an estimated $3 Billion in damages for homes and businesses. This kind of tragedy could enable companies like AAA to help thousands of people get the money they deserve to rebuild their lives. In disaster prone areas such as Florida and Alabama AAA is building a client base which will most likely use their services again and again.

In the aftermath of disasters Katrina, Ike, and the California wildfires a very ironic problem arises, the public adjusters from the area are overwhelmed in addition to dealing with the destruction and devastation of their own businesses and properties. Meanwhile the insurance companies bring in their own catastrophe teams from out of the area to handle the claims on their behalf. AAA wants to provide one of those teams to work on the side of the home and business owner rather than the insurance companies, thereby protecting the policyholder's rights

President of AAA, Chris Lombardi, stated, "We currently know of no national public adjusting companies who provide services to people abroad no matter the circumstance. AAA hopes to be the first; the profit margins can be very large for our Company and the help we can offer clients in the wake of natural disasters is indispensable to those who may find themselves in need. We will seek, and we will get, more on average than clients can get from the insurance companies doing it themselves."

About AAA
AAA/FCC has over 100 years combined experience adjusting insurance claims in the state of Florida. They handle all aspects of the claims process including documentation, estimation, and settlement on behalf of the insured. FCC handles first-time and reopened claims sometimes rewarding the insured with ten times the original settlement. In addition to the thousands of clients they currently have, FCC has an ever expanding customer base as the millions of Floridian homeowners who have insurance may encounter a claim. In 2011 AAA has plans to expand operations and advertising efforts to boost revenues and ensure longevity in the Florida and beyond.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "projected," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information

  • Contact:
    Phillip McAliley
    713-294-1197