PONE » Topics » Our business was impacted by Hurricane Katrina and we have incurred and may continue to incur customer losses related to property damage caused by Hurricane Katrina.

This excerpt taken from the PONE 10-K filed Apr 10, 2006.

Our business was impacted by Hurricane Katrina and we have incurred and may continue to incur customer losses related to property damage caused by Hurricane Katrina.

 

We have lost customers due to property damage caused by Hurricane Katrina in August 2005. In September 2005, we suspended billing for our customers in the areas most heavily affected by Hurricane Katrina. We are currently attempting to contact each of these customers to determine if our services will be needed in the future. As of December 31, 2005, Protection One Monitoring estimated the loss of 3,117 customers, including 379 wholesale customers, and Network Multifamily has estimated the loss of 1,556 customer accounts. Estimated RMR losses related to these accounts were less than 1% of our total RMR. Our efforts to contact our customers affected by Hurricane Katrina may not be successful and we may not be able to recapture accounts lost due to the hurricane.

 

This excerpt taken from the PONE 10-K filed Mar 20, 2006.

Our business was impacted by Hurricane Katrina and we have incurred and may continue to incur customer losses related to property damage caused by Hurricane Katrina.

We have lost customers due to property damage caused by Hurricane Katrina in August 2005. In September 2005, we suspended billing for our customers in the areas most heavily affected by Hurricane Katrina. We are currently attempting to contact each of these customers to determine if our services will be needed in the future. As of December 31, 2005, Protection One Monitoring estimated the loss of 3,117 customers, including 379 wholesale customers, and Network Multifamily has estimated the loss of 1,556 customer accounts. Estimated RMR losses related to these accounts were less than 1% of our total RMR. Our efforts to contact our customers affected by Hurricane Katrina may not be successful and we may not be able to recapture accounts lost due to the hurricane.

EXCERPTS ON THIS PAGE:

10-K
Apr 10, 2006
10-K
Mar 20, 2006
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