Concordis Group, Inc. Hires New Independent Audit Firm

DESTIN, Fla., Nov. 17, 2010 /PRNewswire/ -- Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, announced today it has engaged Malone Bailey, LLP, as the company's new independent audit firm.

Trent S. Sommerville, CEO of Concordis Group, Inc. stated "This is an exciting time for the company.  We are continuing to execute our business plan and this is an additional step to become fully reporting thereby allowing the company to move to a higher exchange."

Malone Bailey offers a wide range of audit, tax and business services that include preparation of audited financial statements, tax compliance, and various consulting services for small cap companies.  Malone Bailey is currently conducting due diligence and will begin its full audit in early 2011.

About Malone Bailey, LLP

Malone Bailey is a registered Public Company Accounting Oversight Board ("PCAOB") CPA firm.  Malone Bailey's headquarters are in Houston, TX and they also have an office in the Financial District in New York City.

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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