DALLAS, Aug. 27, 2012 /PRNewswire/ -- Firemans
Contractors, Inc. (OTCBB: FRCN) (OTCQB: FRCN), a full-service
contractor providing professional services for commercial and
government clients, offering B2B commercial franchises and services
in the pavement maintenance industry, announced today that the
company benefited from a total combined repeat business of 36% and
61% in 2010 and 2011, respectively, with the stimulus seeming to
stem from continuous additions of Fortune 500 companies and large
property management companies to the client portfolio.
(Logo:
http://photos.prnewswire.com/prnh/20120827/DA63110LOGO)
Management expects approximately 82% of their clients to return
in 2013 with at least an estimated increase of 62% in its Fortune
500 client portfolio. Renee
Gilmore, CEO of Firemans Contractors describes these stats
as being, "significant to the growth value of our company."
This growth is easily identifiable. During Fiscal Year
2011 (ending June 30th),
out of 272 contracted jobs, approximately 3% were contracted with
Fortune 500 companies. This represents roughly 13% of
the company's revenues deriving from Firemans Contractors' Fortune
500 clients. In Fiscal 2012, the number of contracted jobs
increased by 7.7%. Approximately 8% of the jobs were
contracted with Fortune 500 companies; representing 21% of the
company's revenues.
The ratio of repeat business from Firemans Contractors' Fortune
500 customers also increased between fiscal 2011 and 2012. Of
the company's repeat customers in 2011, 67% was attributed to
Fortune 500 companies. 89% of repeat customers were
attributed to Fortune 500 clients during fiscal 2012.
Gilmore continued, "Our repeat client base demonstrates the high
quality of our work as well as the sheer size of our
clientele. As each client expands operations, a new facility
generally must be acquired or built. The fact that a client
returns each year for our services means that each year there is
growth within that particular organization. This
translates into strong operational growth and a continuous increase
in revenue for Firemans Contractors."
People close to the company suggest that as the Firemans
Contractors' franchise model continues to roll out, Firemans reach
will increase considerably within the next 2 years. This
visibility and easy access to franchise operators within a client's
locale will greatly contribute to the expected national growth of
the company; possibly adding significantly more Fortune 500 clients
in its portfolio.
Gilmore concluded, "Fortune 500 clients make up an increasing
percentage of our total revenues, by focusing our attention on
these relationships will bring additional value to both our
franchisees and our shareholders. We are currently in talks with
other Fortune 500 companies with the expectation to close on most
of this new prospective business by year end."
About Firemans Contractors:
Firemans Contractors, Inc. (OTCBB: FRCN) is a full-service
contractor providing professional services for commercial and
government clients, offering Business to Business Franchise
Opportunities. Its services include Road Improvements, Pavement
Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking,
Asphalt Maintenance and Repair, and ADA Compliance. Firemans
Contractors has completed its FDD requirements with the Federal
Trade Commission and has developed franchise territories across the
U.S. The company's goal is to develop hundreds of new
franchise locations in the next 24 to 48 months. 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.
For more information about Firemans Contractors, visit:
www.FiremansContractors.com
For more information, contact:
Firemans Contractors, Inc.
2406 Gravel Road
Fort Worth, TX 76118
Phone: 800-475-1479
info@FiremansContractors.com
Public Relations Contact:
Danielle O'Neal
PR@FiremansContractors.com
Phone: 800-475-1479
SOURCE Firemans Contractors, Inc.