SOURCE: AAA Public Adjusting Group

AAA Public Adjusting Group

June 30, 2011 09:26 ET

AAA Public Adjusting Group, Inc. to Expand Operations Throughout Florida to Handle Claims Statewide; Revenues Projected to Increase by 50% or More

HOLLYWOOD, FL--(Marketwire - Jun 30, 2011) - AAA Public Adjusting Group (OTCQB: AAAA) (PINKSHEETS: AAAA), a company with over 4,000 clients and more than 100 years combined experience adjusting insurance claims in southern Florida, announces Corporate strategic plans to expand operations throughout the State of Florida in 2011. The Company projects revenues to increase by at least 50% with the new expansion plan. The EPA recently released report that due to climate change alone Florida will experience approximately $27 Billion in losses by 2025, including damages to real estate and tourism loss because of hurricane affected areas. Those losses do not include normal fire, water damage and other types of losses. Between the year 2000 and 2009 Florida had an estimated $31 Billion in property loss insurance claims.

The initial phases of the plan include offices and acquisitions of operations North Florida and across the Panhandle. Currently, AAA and their 100% wholly owned subsidiary Florida Claims Consultants (FCC) operates out of South Florida and handles a variety of claims from small home repairs to home rebuilds as a result of hurricane damage. AAA/FCC is in a position to help multiply the insurance recovery amounts for clients, helping them maintain their homes, lifestyles, and businesses through small or large catastrophes.

"We are going to expand our business so that potential clients in North Florida have the opportunity to realize payments for loss they should be getting, instead of what the insurance company offers," stated CEO Chris Lombardi. "We have helped many of our clients rebuild and realize much more money for their claims since the four storms that hit in 2004 and we can offer the same services to northern Floridians who could be affected by tornadoes, rain, and forest fires in the Ocala National Forest while serving the general home repair/maintenance market. The Company will use satellite offices to service the client base in North Florida, reducing overhead and costs like travel expenses while hoping to reach quadrupling profit margins."

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 Florida and beyond.

The foregoing press announcement contains forward-looking statements that can be identified by 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