Colonial Commercial Corp. Reports 2008 Financial Results

Colonial Commercial Corp. reported financial results for Q4 and full year 2008, including a net loss increase and operational restructuring. The company streamlined operations, standardized HVAC equipment lines, and integrated its control systems business with a newly formed commercial equipment division.

“During this challenging economic climate, we streamlined our operations and standardized a common residential air conditioning equipment line and a common commercial HVAC equipment line at all of our locations. We are also integrating our control systems business with our newly formed commercial equipment division, and have reorganized our sales organization.”

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