FORT WORTH, TX--(Marketwired - Jun 3, 2013) - Firemans Contractors, Inc. (
Management Commentary
"During the third quarter, we continued to focus on driving growth, reducing cost, and improving overall productivity," said Firemans Contractors CEO Renee Gilmore. "Our total gross revenue increased 220% compared to Q3 2012, while we also significantly reduced operating expenses from the prior quarter reflecting a more efficient operational structure and a much more disciplined approach towards managing all facets of the business. Operating expense reductions involved decreasing personnel costs along with enhancing productivity through more efficient business processes and greater project level control over working capital deployed and labor utilized. We believe the progress and momentum of our first two franchisees established in the first & second quarter has set the stage for strong improvements."
Q3 2013 Highlights
- Increase in revenues to $862,394 up 220% compared to Q3 2012
- Reduction in operational loss to $34,604 from $204,428 compared to Q3 2012
- Increase of Corporate Assets from $58,964, to $209,236 as of Q3 2013
- Franchise Fees & Royalty Revenue increased to $84,234 through Q3 2013
About Firemans Contractors:
Firemans Contractors, Inc. (
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.
Renee Gilmore CEO/Chairwoman Firemans Contractors, Inc. 1 (800) 475-1479 Email Contact