CEO and President of FloodSmart, Inc. Provides Significant Progress Report and Update at SmallCapVoice.com.AUSTIN, Texas -- SmallCapVoice.com, Inc. today announced that an interview by SmallCapVoice.com of Ken Kelso, President and Chief Executive Officer of FloodSmart, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :FDSI FDSI Fournisseur Désigné de Services Interubains ), is now available. The interview covers all of the latest news for FDSI and features management's personal insights into the company's recent progress. The Web cast is available online at http://www.smallcapvoice.com/fdsi/index.html. About FloodSmart, Inc. FloodSmart, based in Houston, is dedicated to helping people and communities that are positioned in the nation's flood plain. FloodSmart Hydraulic Lift Systems is a new patented proprietary technology, which is designed to elevate structures above the defined flood plain certification. It calls for the installation of "dynamically controlled hydraulic concrete pistons and cylinders" at strategic engineered points to raise the home to a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: "safety zone," at rates which typically meet the cost-benefit analysis cost-benefit analysis In governmental planning and budgeting, the attempt to measure the social benefits of a proposed project in monetary terms and compare them with its costs. ratios set by FEMA FEMA, n.pr See Federal Emergency Management Agency. , which has earmarked over $200 million in its pre-disaster mitigation competitive grant program. The cost-share is usually 75 percent federal and 25 percent matched locally. For more information, please contact us or visit http://www.floodsmart.net. As of the end of 2002, there was $652.7 billion of flood insurance coverage under the federally sponsored National Flood Insurance Program The National Flood Insurance Program (NFIP) was created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). (NFIP NFIP National Flood Insurance Program (US FEMA) NFIP National Foreign Intelligence Program NFIP National Foundation for Infantile Paralysis, Inc. NFIP National Federation of Independent Photographers ) representing more than 4.5 million structures. Because all are within the flood plain, all are candidates for the FloodSmart structure elevation process. Statistics indicate that about 25 percent of the insured base has experienced flood-related claims. For more information, visit http://www.fema.gov. About SmallCapVoice.com SmallCapVoice.com is a recognized corporate consulting firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. The SmallCapVoice.com network consists of stock brokers, investment bankers, analysts and institutions who actively seek opportunities in the micro- and small-cap sectors. Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions and other risks detailed in the company's SEC reports. |
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