CHICAGO, Nov. 2 /PRNewswire-FirstCall/ -- The Wyncrest Group, Inc. (Pink Sheets: WNCG), a leader in niche insurance and financial products and services today announced its plans to expand its efforts assisting homeowners. Through a public/private partnership initiative, Wyncrest and HomeFree-USA will increase the success rate for homeownership of underserved communities in the U.S. With the delivery of essential financial skills and capabilities, the companies believe its clients will be enabled to build and sustain appropriate levels of wealth that have so far eluded them. By providing pre-purchase counseling and education and post-purchase follow-up, HomeFree-USA has maintained a zero foreclosure rate among its members. Keith Lanzara, President of the Wyncrest Group, commented, "Building on the initiative that HomeFree-USA has established we hope to assist more Americans in achieving and preserving the wealth associated with homeownership."

About The Wyncrest Group

The Wyncrest Group is a publicly traded company based in Chicago, Illinois, which provides insurance products and services through its Southwest Financial Group subsidiary (SFG) and Wyncrest Offshore Services. SFG has been in business for 21 years, has 18,000 clients, and sells through 85 representatives nationwide. During 2008, approximately $22 million in total insurance policy sales were generated resulting is $1.1 million of commission revenues. WNCG plans to continue to grow SFG through discounted acquisitions of competing agencies and applying its IT advantage with a U.S. patent pending automated business method for managing the acquired client books to improve policy renewal retention and up-selling. The company expects that this strategy will reduce cost of sales by half compared to traditional origination methods.

WNCG is also in negotiations with several acquisition targets developed over an ongoing two-year campaign to find distressed agencies and consolidate contract assets under one lower cost platform. Through its Wyncrest Offshore Services Division, the Company is expanding into the growing offshore insurance and reinsurance market by offering a variety of services and products, including a liability program for helicopter flight training schools and non-owner helicopter pilots, and a line of Warranty Service Policies operating as a controlled foreign corporation. Royalty income is expected from licensing insurance products patented under a new category of business methods, a strategy taken only by a few in a new class of small innovative insurance companies leading the industry.

About HomeFree-USA

Established in 1995, HomeFree-USA is a leading HUD-approved 501(c)(3) not-for-profit homeownership development, foreclosure intervention and financial empowerment organization. By providing information, inspiration and motivation, HomeFree-USA increases the homeownership success and financial skills and capabilities of working class families thereby placing them on the road to financial self-sufficiency and building wealth. Through Homeownership Centers in metropolitan Washington, DC, Atlanta, Kansas City, and West Palm Beach and more than 80 affiliated community-based housing counseling agencies, the HomeFree-USA NonProfit Partner Network represents more than 1.5 million homebuyers and homeowners nationwide. 92% of HomeFree-USA homebuyers are approved for mortgages and 90% of at-risk homeowners are helped with a workout plan.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. WNCG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect WNCG's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause WNCG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. WNCG undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

    Wyncrest Group, Inc.               Investor Relations:
    9654 West 131st Street,            1-630-215-5171
    Suite 215
    Palos Park, IL 60464
                                       investor@wyncrestinc.com

    www.wyncrestgroupinc.com

SOURCE Wyncrest Group, Inc.

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