Paint Tech Custom Finishes Inc is proud to be one of the most sought after painting contractors in the state of Florida, both for commercial and residential painting projects. Over the past year, we have experienced a rapid increase of "Invitations to Bid" commercial painting projects, helping to strategically position our company for a break away growth spurt.
Commercial painting services have become a substantial revenue generator for our company. In the first quarter of 2008, commercial painting accounted for 38% of revenue, an increase of 23%from the 2007 first quarter revenue of just 15%. It is expected that the 2008 yearly revenue for commercial services will surpass that of 2007 by 27%.
Currently, corporate officers are developing an expansion plan to be presented to their board of directors in St Augustine Florida on November 3, 2008. The plan is expected to cover issues from service division restructuring to expansion financing suggestions.
Speculation of adding one or more new service divisions has been fueled by recent "closed door" talks with a local trim carpentry company and a meeting that is scheduled in early September with a struggling flooring contractor. Both trim carpentry and flooring services are not currently offered by Paint Tech Custom Finishes Inc.
Bernie Stabb, CEO and president of Paint Tech Custom Finishes, Inc. recently spoke to employees at a monthly safety meeting and stated "We are considering a few changes. Some more drastic than others, but all beneficial to our company, our employees and our clients."
For now we can only speculate changes that may or may not be made at Paint Tech Custom Finishes Inc but one thing is for sure. Paint Tech Custom Finishes Inc has experienced growth in this downed market and anticipates further growth in the year to come.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment