SOURCE: RG America, Inc.

February 08, 2006 08:00 ET

RG America Announces $2.3 Million in Additional Contracts Signed

Company Signs Additional Gulf Coast Restoration Projects in the Aftermath of Hurricane Katrina

DALLAS, TX -- (MARKET WIRE) -- February 8, 2006 -- (OTC BB: RGMI) -- RG America, Inc., (RGA) a Dallas-based Insurance Restoration Company specializing in recovery, remediation, roofing and re-construction of insurance losses, announces the signing of two additional restoration contracts by its subsidiary, RG Restoration, Inc. ("RG") d/b/a The Restoration Group. The combined contracts are in excess of $2.3 million, which includes the restoration of commercial properties for RG clients located on the Gulf Coast in the wake of Hurricane Katrina's devastation. These projects are the latest of many contracts signed earlier this year and late in 2005, and are part of the extensive process of repairing and restoring commercial property damages caused by one of the most devastating hurricane seasons in US history. The number of restoration contracts signed in late 2005, after last hurricane season (including hurricanes Katrina, Rita and Wilma), continues to grow and will equate to one of the company's highest grossing years, thus far.

"RG stands ready to continue assisting our new and existing clients with their restoration needs, from Emergency Services and Remediation to Recovery, Roofing and Reconstruction. Our dedicated team of project managers and superintendents is working around the clock to help the Hurricane victims restore their properties," commented James Rea, COO. Together with the new RG Operations Center and strategic initiatives from its recent 2006 Summit, RG is better equipped than ever to meet the challenges of a disaster devastated region, where property owners are in desperate need of assistance.

About RG America:

RG America is a family of companies delivering both insurance restoration services and targeted insurance services/products. Its restoration subsidiaries specialize in remediation, insurance recovery, roofing, re-construction and project management for insurance losses. The company focuses primarily on multi-family, retail and commercial real estate properties that have experienced catastrophic losses caused by hurricane, flood, fire, wind or hail. RG Insurance Services, Inc. ("RGIS") is a full lines insurance agency. It will be the general agency for RGA's proprietary property and casualty insurance product called PropertySMART(SM), which delivers improved service and cost savings to the multi-family housing industry.

A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.

Contact Information

  • Contact:
    Kevin L. Dahlberg
    Exec.VP
    (972) 919-4774 ext. 224