SOURCE: RG America, Inc.

July 10, 2006 08:00 ET

RG America Subsidiary Promotes Jerod Yates

Company's Restoration Division Names New President

DALLAS, TX -- (MARKET WIRE) -- July 10, 2006 -- (OTCBB: RGMI) -- RG America, Inc. ("RG America"), a Dallas-based insurance restoration company specializing in recovery, remediation, roofing and re-construction of insurance losses, announces that its wholly owned subsidiary, RG Restoration, Inc. d/b/a The Restoration Group ("RG"), has promoted Jerod Yates to President of its restoration operations. Mr. Yates joined RG America as General Manager for RG's remediation division, a/k/a The Remediation Group, shortly after the acquisition of his highly successful company, Total Professional Restoration, Inc., in October of 2005. Under his leadership, the remediation division has experienced phenomenal growth and success, and as a result, Mr. Yates has been asked to lead the entire Restoration Group, as it continues to expand its portfolio of projects along the Gulf and Atlantic Coasts and prepares for the 2006 Hurricane Season.

RG Restoration, Inc. is made up of several main factions that specialize in insurance restoration for commercial properties, including The Recovery Group (claims estimating), The Remediation Group (emergency services and clean-up after a loss), The Reconstruction Group (reconstruction) and The Roofing Group (roofing services). Several ancillary divisions exist to support these primary business units. RG experienced a tremendous amount of fiscal growth last year, with major contracts stemming from Hurricanes Katrina, Wilma and Rita, and anticipates even more business this year as experts predict an equally devastating storm season for 2006.

"We are extremely fortunate to have Jerod Yates on our team at RG America. He has done an exceptional job leading the remediation division, and his outstanding contribution in this role is the prime reason for his promotion to President of The Restoration Group. We are confident he is the right person to help guide RG's operations as it continues to grow and thrive," commented James A. Rea, COO for RG America, Inc.

"I am excited about leading The Restoration Group for RG America," stated Mr. Yates. "The Company has proven it is capable of handling the most intense and devastating restoration projects, including Hurricanes Katrina, Rita and Wilma of 2005. I look forward to helping RG excel to new heights within our industry and for our clients," he continued.

About RG America, Inc.

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.

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:

    Tim Clemensen
    Rubenstein Investor Relations
    212-843-9337
    Email Contact

    Kevin L. Dahlberg
    RG America Inc.
    972-919-4774 ext. 224
    Email Contact