DESTIN, Fla., Aug. 4 /PRNewswire-FirstCall/ -- Concordis Group,
Inc. (Pink Sheets: CNGI), a growing financial holding company,
today announced its current sales pipeline has increased 300% in
the second quarter of 2010.
Concordis currently has 16 programs any various stages of
development. Of these 16 captive cell programs, three are
scheduled to be launched in 2010. The remaining 13 programs
are in the due diligence and planning stages.
Trent S. Sommerville, Chairman
and CEO of Concordis Group, Inc. stated, "Expanding our sales
pipeline is a key ingredient to achieving our growth strategy.
Moving forward, CNGI will continue to look for opportunities
where our alternative risk solutions can provide our clients
greater control over their insurance, better risk management and
lower their insurance costs."
These captive cell programs cover a wide range of industry
sectors, including: food services, healthcare, retail,
financial services and associations.
About Concordis Group, Inc.
Concordis Group, Inc. is a diversified holding company that
provides business insurance solutions through its two wholly own
subsidiaries: Concordis Insurance SPC (CISPC) and Concordis
Capital, Inc.(CCI). CISPC, a Cayman Island corporation, is a
captive insurance company that specializes in structuring and
managing alternative risk management solutions for mid-market
companies. CCI, a Florida
corporation, provides captive cell funding for CISPC and other
businesses and organizations.
Concordis Group's business strategy is based upon strong 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 highly 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.
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