Precis, Inc. Announces Special Shareholder Meeting to Approve Insurance Capital Management Merger
January 03 2007 - 7:30AM
PR Newswire (US)
January 30, 2007 Set as the Date of Special Meeting IRVING, Texas,
Jan. 3 /PRNewswire-FirstCall/ -- Precis, Inc. (NASDAQ:PCIS), a
provider of access to affordable healthcare services to the ever
growing number of uninsured and/or underinsured in the United
States, announced today that it has set January 30, 2007 as the
date of the Special Shareholder Meeting to vote on the company's
proposed merger with Insurance Capital Management USA Inc. ("ICM").
The Special Meeting of Shareholders will be held at the Sheraton
Grand Hotel at Dallas/Fort Worth Airport, 4440 West John Carpenter
Freeway, Irving, Texas 75063, on January 30, 2007, at 10:00 am
CENTRAL. At the meeting, shareholders will also be asked to vote on
changing the company's name to "Access Plans USA, Inc." and to
amend its 2002 Non-Employee Stock Option Plan. More information
about the merger and the other items on the agenda can be found in
the Proxy Statement filed with Securities Exchange Commission on
December 28, 2006. The Proxy Statement can be found on the investor
relations page at the company's website,
http://www.precis-pcis.com/, or at http://www.sec.gov/. About
Precis, Inc. Precis, Inc. and its subsidiaries provide affordable
consumer driven health care solutions as alternatives to
traditional health insurance. The companies market non-insurance
health care savings programs, and offer third party claims
administration, provider network management, and utilization
management services for employer groups that utilize partially self
funded strategies to finance their employee benefit programs. For
more information on Precis and its subsidiary Access
Administrators, visit http://www.precis-pcis.com/, and
http://www.accesshealthsource.com/, respectively. About Insurance
Capital Management USA Inc. and Insuraco USA, L.L.C. Insurance
Capital Management USA, Inc. (ICM) and its wholly owned subsidiary
Insuraco USA, L.L.C. provide web-based technology, specialty
products and marketing for insurance and financial services. ICM's
team of sales, marketing and technology professionals enable
insurance, healthcare and financial service companies to improve
their product distribution and marketing. ICM utilizes web-based
technology, its nationwide agent distribution and direct call
center programs to provide superior customer and marketing support.
For more information, go to http://www.icmusa.com/. Disclaimer
Certain statements included in this news release constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. Certain, but not
necessarily all, of such forward-looking statements can be
identified by the use of forward-looking terminology such as
"anticipate", "believes", "expects", "may", "will", or "should", or
other variations thereon, by discussions of strategies that involve
risks and uncertainties. Precis Inc.'s actual results or industry
results may be materially different from any future results
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include
general economic and business conditions; Precis Inc.'s ability to
implement its business strategies; competition; availability of key
personnel; increasing operating costs; unsuccessful promotional
efforts; changes in brand awareness; acceptance of new product
offerings; retention of members and independent marketing
representatives; and changes in, or the failure to comply with,
government regulations. The Company undertakes no obligation to
update any forward-looking statements or to make any other
forward-looking statement, whether as a result of new information,
future events, or otherwise. Contact: Bob Bintliff Joe Diaz Chief
Financial Officer Lytham Partners, LLC Precis, Inc. 602-889-9660
972-915-3205 DATASOURCE: Precis, Inc. CONTACT: Bob Bintliff, Chief
Financial Officer of Precis, Inc., +1-972-915-3205; or Joe Diaz of
Lytham Partners, LLC, +1-602-889-9660, for Precis, Inc. Web site:
http://www.precis-pcis.com/ http://www.accesshealthsource.com/
http://www.icmusa.com/
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