SOURCE: RG America Inc

October 19, 2005 08:00 ET

RG America Creates Roofing Division to Meet Demands From Hurricanes Katrina & Rita

DALLAS, TX -- (MARKET WIRE) -- October 19, 2005 -- Based on the incredible demand for RG America, Inc.'s (RGA) (OTC BB: RGMI) Insurance Restoration Services, resulting from damages caused by hurricanes Katrina and Rita, the company has created a separate roofing division to handle the volume of roofing repair demands we are experiencing.

"Historically we have subcontracted out roofing repairs and projects and didn't pursue these opportunities, instead, offering them as an added benefit to our restoration customers. However, due to the sheer demand in disaster-stricken regions after a hurricane and the current volume of work available, the need to internally create our own roofing division became readily apparent. The ability to control quality and timeliness of emergency relief efforts and prompt completion of the permanent roofing structures is paramount to our company's mandate for outstanding customer service. The management team we have hired to run the roofing division shares our goal of significantly growing this portion of our business and servicing the needs of our clients," commented James Rea, COO. RGA's new subsidiary RG Roofing, Inc., d/b/a "The Roofing Group," specializes in single family, condominiums, multi-family and commercial roofing projects of all types. Since inception The Roofing Group has over 100 wind-damaged roofing projects in the pipeline.

RG America is a family of companies delivering both insurance restoration services and targeted insurance and financial services/products. Its restoration subsidiaries specialize in insurance remediation, reconstruction, insurance recovery, roofing and project management, primarily for condominiums, multi-family, retail and commercial real estate properties that have experienced an insurance loss caused by hurricane, fire, flood, 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) that delivers improved service and cost savings to the multi-family housing industry.

This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor shall there be any sale of these securities in any jurisdiction in which it is unlawful to make such an offer or solicitation.

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:

    RG America, Inc.
    Kevin L. Dahlberg
    Executive Vice President
    (972) 919-4774 ext. 224