Fort Worth, Texas / ACCESSWIRE / May 20, 2014 / Firemans Contractors Inc. (OTCQB: FRCN) released its latest filings for fiscal third quarter 2014 for the period ending March 31, 2014 yesterday. While our third quarter was filled with many challenges as the winter in the Dallas / Fort Worth Metroplex was particularly harsh, we are very pleased to report that our current fiscal quarter, fourth quarter 2014, is already outpacing last year by 122% for the same number of days into the quarter this year when compared to last year.
Despite all of the bad weather, the ice and the many days our team simply could not work we are on-target to supersede our year-end revenues from that of last year. The current quarter, as expected, is a complete turnaround. We have issued more than $2.8 million in estimates for this active season that runs through the end of this quarter and into our fiscal first quarter, which is the period ending September 30, 2014. Of course not all bids are accepted and we are not at all done issuing bids to other clients, but we share that number with investors to show just how big this season really is.
Renee Gilmore explained, "We have been going through a refining process which will help us to empower and equip our franchisees in achieving their goals. The future is bright for Firemans Contractors, our employees, franchisees and investors as the foundation of the company becomes more solid and we are able to catapult forward."
We continue with our development of our latest two franchisees. We will be offering more information on their activities as they begin producing on a regular basis. We will also be updating investors shortly on our expansion into the San Antonio market. We have opened an office in San Antonio as part of expansion efforts.
Our latest financials can be found on Edgar and are also linked off of our web site.
About Firemans Contractors:
Firemans Contractors, Inc. (FRCN) is a Franchisor and full-service General Contractor providing professional services for commercial and government clients, focused on developing Business to Business Franchise Opportunities throughout the United States. Its services include Road Improvements, Pavement Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, and ADA Compliance. Firemans Contractors brings a professional value system delivering outstanding results through honorable customer relationships and repeat business. Local firefighters are supported by a portion of profits which are donated to local Firefighter Associations. Firemans Contractors is a proud member of the Franchise Association (IFA) and The Veteran Transition Franchise Initiative (VetFran). As a member, Firemans Contractors is expanding through franchise development, aimed to assist the Company in expanding its market share. As a franchisor, the Company will provide franchisees with training and support, including the proprietary Firebase™ software platform, which is included along with other business tools and training for new franchisees of Firemans Contractors.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
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SOURCE: Firemans Contractors
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