The Amacore Group Implements Changes to Its Business Model for JRM Benefits Consultants to Improve Profitability
June 30 2009 - 8:00AM
Business Wire
The Amacore Group, Inc., (OTCBB:ACGI), a leader in providing
membership benefit programs, insurance programs, and other
innovative and high-quality benefit solutions to individuals,
families and employer groups nationwide, following a detailed
strategic and financial analysis, has revamped and retooled its JRM
Benefits Consulting Division�s (�JRM�) sales channels and strategy.
The new approach will migrate sales activity to an agent
distribution network model and reduce its focus on call center
services. This strategic move is expected to reduce JRM�s operating
expenses, and is an important step in achieving divisional
profitability.
As part of its strategy, JRM has recruited seasoned career
agents to sell Amacore�s suite of insurance products. JRM agents
will focus initial sales efforts on Amacore programs like Amacore
Elite Dental�, a practical and affordable dental solution with an
extensive dental network of more than 80,000 dentists nationwide,
SmartHealth Diamond, its flagship product incorporating Limited
Medical programs along with medical discount savings products, and
Final Expense, a program developed for individuals who have had
difficulty obtaining life insurance because of prior or existing
medical conditions and/or for those customers who do not want to
undergo medical tests in order to obtain life insurance. Final
Expense plans provide the finances to take care of the policy
holder�s medical bills, funeral expenses, or other outstanding
debts upon the policyholder�s death. Over the next several months,
Amacore expects to expand the suite of products sold through the
JRM agent network.
Regarding the strategic shift in sales strategy, Amacore
President Guy Norberg commented, �We expect that utilizing a
carefully selected agent network comprised of seasoned career
professionals to sell Amacore�s suite of insurance products and
medical discount programs will yield increased conversion
performance and reduced operating expenses, resulting in improved
profit margins for the JRM division. With so many Americans losing
insurance benefits, media attention, and government reforms focused
on providing healthcare benefits to all Americans, we believe
Amacore�s suite of products sold though these channels represent
great potential in the marketplace. We believe using career agents
to sell our products will yield stronger results for our company
and our shareholders.�
Jay Shafer, CEO of Amacore, added, �Implementing these changes
at JRM is yet another example of how our management team is focused
on continuous efforts to improve company performance. We remain
steadfast in our commitment to improve profitability and
shareholder value.�
To learn more about the products JRM Benefits Consulting offers,
including its newest product, Final Expense, please call James
Mignogna at: 800-304-3539, X106.
About The Amacore Group, Inc. (www.amacoregroup.com)
The Amacore Group, Inc. is primarily a provider and marketer of
healthcare related products, including healthcare benefits, vision
and dental networks, and administrative services such as billing,
fulfillment, patient advocacy, claims administration and servicing.
The Company primarily markets healthcare-related membership
programs such as limited and major medical programs, supplemental
medical and discount dental programs to individuals and families.
It distributes these products and services through various
distribution methods such as its agent network, direct response
marketing companies, DRTV (Direct Response TV), inbound call
centers, in-house sales representatives, network marketing and
affinity marketing partners. The Company�s secondary line of
business is to place membership programs through these same
marketing channels. These membership programs utilize the same back
office and systems creating marketing efficiencies to provide low
cost ancillary products such as pet insurance, home warranty,
involuntary unemployment insurance, and accident insurance.
This press release contains forward-looking statements that are
subject to risks and uncertainties. These forward-looking
statements include information about possible or assumed future
results of our business, including anticipated growth and
geographic expansion, new products and services, new business
development and opportunities, anticipated revenues, possible
reduction or elimination of material weaknesses, anticipated
revenue growth, expenses, profitability, losses and profit margins.
In some cases, you may identify forward-looking statements by words
such as "may," "should," "plan," "intend," "potential," "continue,"
"believe," "expect," "predict," "anticipate" and "estimate," the
negative of these words or other comparable words. These statements
are only predictions. One should not place undue reliance on these
forward-looking statements. The forward-looking statements are
qualified by their terms and/or important factors, many of which
are outside the Company's control, involve a number of risks,
uncertainties and other factors that could cause actual results and
events to differ materially from the statements made. The
forward-looking statements are based on the Company's beliefs,
assumptions and expectations of the Company�s future performance,
taking into account information currently available to the Company.
These beliefs, assumptions and expectations can change as a result
of many possible events or factors, including those events and
factors described in "Risk Factors" in the Company�s Annual Report
on Form 10-KSB for 2008 filed with the Securities and Exchange
Commission, not all of which are known to the Company. The Company
will update the information in this press release only to the
extent required under applicable securities laws. If a change
occurs, the Company's business, financial condition, liquidity and
results of operations may vary materially from those expressed in
the aforementioned forward-looking statements.
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