DESTIN, Fla., July 23, 2012 /PRNewswire/ -- Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, today announced it has filed its 2012 Annual Report containing the company's financial statements for 2010 and 2011. The report has been posted on OTC Markets (http://www.otcmarkets.com/stock/CNGI/company-info) for investor review.
The company also announced Malone Bailey, LLP the firm's SEC auditor is currently working to complete its 2012 quarterly reports in an effort to begin the formal process of up-listing to the OTCBB.
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated, "Completing this milestone is a major accomplishment for an early stage publicly traded company like Concordis Group. This latest action continues our plan to up-list to a major U.S Stock Exchange. We have a clear view of our destination as a business and well-defined strategies for driving value going forward. Our focus will be winning in the segments where the highest profits are available for Concordis, our shareholders and our customers."
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.
Statements included in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the, Cautionary Notice Regarding Forward-Looking Statements and Business sections in the Company's filings with the Securities and Exchange Commission. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," or similar expressions, variations of those terms or the negative of those terms to identify forward-looking statements. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.
Concordis, Concordis Insurance, Concordis Capital and Concordis Group are trademarks of Concordis Group, Inc. All other legal marks are the property of their respective owners.
Concordis Group, Inc.
Trent S. Sommerville
Chief Executive Officer
SOURCE Concordis Group, Inc.