DESTIN, Fla., March 31 /PRNewswire-FirstCall/ -- Concordis
Group, Inc. (Pink Sheets: CNGI), a growing financial holding
company, announced today that it has recently developed a pipeline
of five potential captive insurance cells in a wide range of
industries and states. Concordis Group anticipates that a
majority of these captive insurance cells will be created and
launched by December 2010.
Trent Sommerville, CEO of
Concordis Group, Inc. stated that, "The business community's
growing understanding of long-term strategic merit of operating a
captive insurance cell appears to have become more widely
understood and embraced by middle market companies, affiliated
groups, and associations."
Edward Valaitis, COO of Concordis
Group, Inc. stated that, "Our unique value proposition, depth of
expertise, and willingness to be an equity partner with our clients
has created an attractive value proposition for those seeking
greater control of their insurance, better risk management, and
potential cost savings."
Concordis Group, Inc. will provide additional updates and detail
as the developing captive insurance cells approach completion.
About Concordis Group, Inc.
Concordis Group, Inc. is a fast growing diversified holding
company that provides investment banking services and business
insurance solutions through its two wholly owned subsidiaries.
Concordis Insurance SPC (CISPC), a Cayman Island corporation,
is a captive insurance company that specializes in structuring and
managing alternative risk management solutions for mid-market
companies.
Puritan Securities, Inc. is an investment bank dedicated to
providing outstanding financial and strategic advisory services for
mid-market firms. Using its specialized capabilities and
background, the Puritan Securities, Inc. assists clients with
mergers and acquisitions, raising debt and equity capital, and
strategic counsel.
Concordis Group's unique strategy is based upon a dedication to
organic growth combined with strategic acquisitions of companies in
the financial services and insurance industries that create
additional synergy, have positive cash-flow, exhibit strong
long-term growth potential, and have well qualified management
teams.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the safe harbor created by those sections. There are many
factors that could cause the Company's expectations and beliefs
about its operations, its services and service offerings, its
results to fail to materialize. All forward-looking
statements in this press release are based on information available
to us as of the date hereof, and we assume no obligation to update
these forward-looking statements.
SOURCE Concordis Group, Inc.