Concordis Group, Inc. Names Thomas C. Blake New CEO

DESTIN, Fla., Aug. 14, 2012 /PRNewswire/ -- Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, today announced its Board of Directors has selected Thomas C. Blake as the company's new CEO.

Mr. Blake has over 35 years executive experience in the insurance, financial and healthcare industry.  He also has extensive knowledge managing insurance company/agency mergers and acquisitions.

Mr. Blake stated, "I see a bright future for the company and its shareholders.  I look forward to helping the company execute its business strategy and continue its well-defined strategies for driving value going forward."

Mr. Blake is also the founder of Wilshire Consultants LLC.  His previous work includes Founder/CEO of Wilshire Insurance Company of California and CEO of Colony Life Insurance Company where sales exceeded 60 million.  He previously worked at Continental Casualty, CNA, Aetna Life and Casualty and Interstate Group Administrators.

"As a season executive, Mr. Blake brings not only an impressive background, but also a new and energizing vision to Concordis Group," said Trent Sommerville.  "His extensive experience and operational management in the insurance and financial sectors will add to the strong foundation already in place at Concordis Group.  The Board clearly made an excellent choice and reaffirms Concordis Group's commitment to up-listing to a major U.S. Stock Exchange."

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.

Contact:
Concordis Group, Inc.
Thomas C. Blake
Chief Executive Officer
(310) 472-4656

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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