SOURCE: AAA Public Adjusting Group, Inc.

AAA Public Adjusting Group, Inc.

August 01, 2011 08:02 ET

AAA Public Adjusting Group, Inc. Discusses Their Advantages Over the Competition in Anticipation of National Expansion

HOLLYWOOD, FL--(Marketwire - Aug 1, 2011) - AAA Public Adjusting Group, Inc. (OTCQB: AAAA) (PINKSHEETS: AAAA), a company with over 4,000 clients and more than 100 years combined experience adjusting insurance claims in South Florida, has recently released plans to expand nationwide and employ "traveling adjustors" around the country. AAA has unique advantages over the competition for its ability to rapidly expand.

It is important to note that AAA Public Adjusting Group, Inc. is the ONLY publicly traded public adjusting firm in the nation and became this way through total organic growth. The company is currently cash flow positive with minimal debt; an astonishing feat in today's volatile economy. AAA's success is not dependent upon the economic health of the country or region. Insurance claims and losses occur independent of the strength or upheavals in the economy. Additionally, AAA has done extensive research on their immediate competition. Below is the outline of how AAA's 100% wholly owned subsidiary Florida Claims Consultants (FCC) fits into their industry and has unique resources for growth over all the competition:

1. AAA's Superior Personnel and Expertise Power: small sole proprietor operations suffer along with 1-2 person teams that are severely limited by lack of man power as to how many claims they can handle. AAA's subsidiary FCC has numerous personnel to cover a large geographic area to respond to numerous claims.

2. Commercial - Industrial: Focus on large losses, limit themselves to claims above $75,000 not capturing the vast majority of the market. AAA is positioned to penetrate a large segment of this market unlike the smaller firms that make up the majority of the adjusting industry.

3. FCC - Hybrid because of our compartmentalized and diversified business model we have successfully penetrated the market niche for "everyday claims" under $75,000. This strategy has proven to secure our success without the need to rely on catastrophe claims. Due to the expertise of our adjusters we have also tapped into the lucrative large loss market, having handled multimillion dollar claims. AAA is not reliant on just hurricanes or disasters for their baseline revenue. Catastrophic losses merely add to profits.

In the state of Florida there are about 121 competitor adjusting firms. Adjusting Today, a trade publication reports on competitors' activities. AAA Public Adjusting Group, Inc.'s operation differs from the ones noted above and others in that the competition's employees must perform all facets of the public adjusting process; whereas AAA/FCC's licensed adjusters perform only specialized tasks within its unique operational processes due to the resources available.

CEO Chris Lombardi states, "To further understand the competitive landscape, one must recognize that this industry is the last known major industry that is fragmented. Nationwide, there are many scattered, small to mid tier companies that offer our services and not one of those companies dominate the marketplace, no nationwide publicly traded company, no household name, these are the aspects of our industry in which we hope to become pioneers."

About AAA
AAA 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. AAA 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, AAA 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