Precis, Inc. Announces Completion of Merger With Insurance Capital Management USA Inc.
January 30 2007 - 6:51PM
PR Newswire (US)
Shareholders Approve Merger and Company Name Change to Access Plans
USA, Inc. DALLAS, Jan. 30 /PRNewswire-FirstCall/ -- Precis, Inc.
(NASDAQ:PCIS) announced today that it completed its merger with
Insurance Capital Management USA Inc. (ICM). Earlier today in a
special meeting, Precis shareholders voted to approve the merger
agreement Precis and ICM entered into on November 8, 2006.
Shareholders also approved changing the name of the combined
company to Access Plans USA, Inc. The name change is effective
immediately and the company's common stock will trade on the Nasdaq
Capital Markets under the symbol "AUSA," effective January 31,
2007. "This is a significant day for all of us at Access Plans USA
and for our shareholders," said Peter W. Nauert, newly-elected
chairman, president and chief executive officer of Access Plans
USA, Inc. "We now offer a range of quality health care products and
services to meet a wide variety of needs of individuals, families,
businesses and their employees. Our customers have different needs,
different budgets for health care, and different languages; but
they all are seeking the same things: access to quality health care
services and insurance or discount plans they can afford. We
believe that the combination of these two companies will help us to
become a leading provider in the years to come." Mr. Nauert
continued, "We have developed a comprehensive system of
distribution channels with the ability to provide complete services
to all of our customers ranging from individuals to small
employers, as well as self-funded health plans -- including large
public and private employers. We believe there is a great
opportunity to build a strong business and to meaningfully address
some of the most significant health care issues that many Americans
confront on a daily basis. Access Plans USA has the products and
services to meet the needs of insured individuals and families and
the uninsured and uninsurable. We look forward to the future with
great anticipation." About Access Plans USA, Inc. Access Plans USA,
Inc. distributes a broad array of health insurance products to
individuals and families and non-insurance health care discount
programs to affordably address the needs of uninsured or
underinsured individuals. The Company also provides third party
claims administration, provider network management, and utilization
management services to employers and employee groups. Access Plans
USA provides the highest quality of products and administrative
services that work for our customers. We are committed to assuring
that our clients have access to health care that they need at
prices they can afford. For more information on Access Plans USA,
Inc. please visit http://www.accessplansusa.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. Access Plans USA, Inc. 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; Inc. the ability
of Access Plans USA 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. Contacts: Nancy
Zalud, Vice President Joe Diaz, Joe Dorame, Robert Blum Access
Plans USA Lytham Partners, LLC 972-915-3218 602-889-9700
DATASOURCE: Precis, Inc. CONTACT: Nancy Zalud, Vice President of
Access Plans USA, +1-972-915-3218, ; or Joe Diaz, Joe Dorame,
Robert Blum, all of Lytham Partners, LLC, +1-602-889-9700, , for
Precis, Inc. Web site: http://www.accessplansusa.com/
Copyright
Precis (NASDAQ:PCIS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Precis (NASDAQ:PCIS)
Historical Stock Chart
From Aug 2023 to Aug 2024