Ceres Group, Inc. Files Registration Statement for Secondary Public Offering

Apr 30, 2001, 01:00 ET from Ceres Group, Inc.

    CLEVELAND, April 30 /PRNewswire/ -- Ceres Group, Inc. (Nasdaq: CERG)
 announced today that it has filed a registration statement with the Securities
 and Exchange Commission relating to an offering of 5,000,000 shares of its
 common stock, all of which are being offered by the Company.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000315/CRLOGO )
     The offering is being lead managed by Sandler O'Neill & Partners, L.P.,
 and Advest, Inc. is acting as a co-manager.  The Company will grant to the
 underwriters an option to purchase up to 750,000 additional shares of its
 common stock to cover over-allotments incurred in connection with the
 offering.  A preliminary prospectus, when it becomes available, may be
 obtained from Sandler O'Neill & Partners, L.P., Two World Trade Center,
 104th Floor, New York, New York 10048 (Attn: Syndicate Department) and
 Advest, Inc., 90 State House Square, Hartford, Connecticut 06103
 (Attn: Robert Keane).
 
     About Ceres Group
     Ceres Group, Inc. provides a wide array of health and life insurance
 products to over 700,000 insureds.  Ceres' core businesses are major medical
 health insurance for individuals, associations and small businesses, and
 senior health, life and annuity products for Americans age 55 and over.  To
 help control medical costs, the Company also provides medical cost management
 services to its insureds.  Ceres' nationwide distribution channels include
 approximately 48,000 independent and exclusive agents and QQLink.com, its new
 web-based service.
 
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission but has not yet become effective.
 These securities may not be sold nor may offers to buy be accepted prior to
 the time the registration statement becomes effective.  This press release
 shall not constitute an offer to sell or the solicitation of an offer to buy
 nor shall there be any sale of these securities in any state in which such
 offer, solicitation or sale would be unlawful prior to registration or
 qualification under the securities laws of any such state.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X38644193
 
 

SOURCE Ceres Group, Inc.
    CLEVELAND, April 30 /PRNewswire/ -- Ceres Group, Inc. (Nasdaq: CERG)
 announced today that it has filed a registration statement with the Securities
 and Exchange Commission relating to an offering of 5,000,000 shares of its
 common stock, all of which are being offered by the Company.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000315/CRLOGO )
     The offering is being lead managed by Sandler O'Neill & Partners, L.P.,
 and Advest, Inc. is acting as a co-manager.  The Company will grant to the
 underwriters an option to purchase up to 750,000 additional shares of its
 common stock to cover over-allotments incurred in connection with the
 offering.  A preliminary prospectus, when it becomes available, may be
 obtained from Sandler O'Neill & Partners, L.P., Two World Trade Center,
 104th Floor, New York, New York 10048 (Attn: Syndicate Department) and
 Advest, Inc., 90 State House Square, Hartford, Connecticut 06103
 (Attn: Robert Keane).
 
     About Ceres Group
     Ceres Group, Inc. provides a wide array of health and life insurance
 products to over 700,000 insureds.  Ceres' core businesses are major medical
 health insurance for individuals, associations and small businesses, and
 senior health, life and annuity products for Americans age 55 and over.  To
 help control medical costs, the Company also provides medical cost management
 services to its insureds.  Ceres' nationwide distribution channels include
 approximately 48,000 independent and exclusive agents and QQLink.com, its new
 web-based service.
 
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission but has not yet become effective.
 These securities may not be sold nor may offers to buy be accepted prior to
 the time the registration statement becomes effective.  This press release
 shall not constitute an offer to sell or the solicitation of an offer to buy
 nor shall there be any sale of these securities in any state in which such
 offer, solicitation or sale would be unlawful prior to registration or
 qualification under the securities laws of any such state.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X38644193
 
 SOURCE  Ceres Group, Inc.