SOURCE: RG America Inc

July 12, 2005 08:20 ET

RG Restoration Prepares for Hurricane Dennis in Florida

Equipment and Personnel Stationed Nearby, but Out of Harm's Way

DALLAS, TX -- (MARKET WIRE) -- July 12, 2005 -- RG America, Inc. ("RGA") (OTC BB: RGMI) prepares for Hurricane Dennis as its subsidiary, RG Restoration, Inc. d/b/a The Restoration Group ("RG"), moves personnel and equipment back to the Panhandle to help its clients. RG has been in the Florida panhandle helping victims of Hurricane Ivan restore their properties from the 2004 storm season. As Hurricane Dennis made landfall over the weekend, RG is positioning itself to be able to react quickly to help its many new clients restore their assets in the wake of Dennis. The Florida Panhandle, still in recovery mode from last year, is particularly vulnerable to damage and excess flooding, as full restoration efforts from hurricane Ivan are still in progress and the area is still drying out from Tropical Storm Cindy that hit last week and Arlene which hit the area just weeks ago. "We have been able to successfully help many of our clients repair the massive damage that occurred from Ivan, and stand ready to lend a hand to these and other victims in the area this storm season." So far, authorities are saying Dennis will set a record as to the strongest storm to hit this early in the season and another tropic depression #5 has started out in the Atlantic with what appears to be the worst storm season the US has seen in years.

RG America is a family of companies offering construction/restoration and financial services and products primarily to the multi-family housing industry. RG Restoration, Inc. (d/b/a The Restoration Group) specializes in reconstruction for multi-family and commercial properties damaged by storms, fire, flood, hail or wind. 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 true 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 Dahlberg
    Exec.VP
    (972) 919-4774 ext. 224