Business
National Storm Recovery, Inc. (NSRI) Announces $20,503,975 Equipment Asset Valuation Through Third-Party Certified Equipment Appraisal on Recent Acquisition
National Storm Recovery, Inc. (NSRI) Announces $20,503,975 Equipment Asset Valuation Through Third-Party Certified Equipment Appraisal on Recent Acquisition.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n ORLANDO, Fla., May 05, 2020 (GLOBE NEWSWIRE) -- National Storm Recovery Inc. (OTC: NSRI) (“NSRI” or the “Company”), a leading provider of environmentally beneficial solutions to tree and storm waste disposal, today announces its February 10, 2020 Mulch Manufacturing acquisition equipment assets have been valued at $20,503,975 through a third-party certified equipment appraisal. This valuation strictly includes the production equipment located within different locations, Callahan value: $11,503,975Homerville value: $4,318,110Jacksonville #1 value: $1,873,615Jacksonville #2 value: $352,075Apopka value: $2,223,860Fargo value: $184,700 Totaling: $20,503,975 NSRI’s CEO and Director Anthony Tony Raynor states, “I am pleased with the result on the acquisiton’s third party appraisal and the value it brings to our company. This is only the beginning and I look forward on sharing many other exciting updates as they progress.” About National Storm Recovery, Inc. (NSRI)National Storm Recovery, Inc., (“NSRI”) through its subsidiaries, provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The company was established with the objective of providing a solution for the treatment and handling of tree debris that has historically been disposed off in landfills, creating an environmental burden and pressure on disposal sites around the nation. The company and its Sustainable Green Team’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree services division, and collection sites, then through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and are positioned for rapid growth from the resulting synergistic opportunities identified. The company’s customers include governmental, residential, and commercial customers. NSRI’s operations, expansion plans, and production facilities: view...