MIAMI, April 27, 2011 /PRNewswire/ -- Diversity Group International (PINKSHEETS: DGIN) today announced that it has signed a letter of intent with B3 Capital International Barbados to distribute DGI's IROS, IRMA and Premium Financed Insurance products.
"B3 Capital International Barbados will be an important business channel for DGI," says Diversity Group's CEO Kevin Bobryk. "As discussions with B3 Capital have progressed, the expanse of potential revenue centers that this relationship with B3 offers us has grown. We are excited to solidify and expand on our relationship."
"We are excited about this opportunity to provide DGI's much-needed IROS, IRMA and Premium Financed Insurance products to our clients," says Peter Barry of B3 Capital International Barbados. "We have already identified and commenced discussions with three of our partners regarding the IROS and IRMA programs and two international partners regarding the Premium Financed Insurance program being deployed within South America. This development has already expanded and enhanced our portfolio of investment offerings."
Diversity Group has initiated plans to roll-out their second insurance product program by engaging Alcore Marketing to structure their two first showcase events later in Q3 and Q4.
The insurance program is a powerful estate planning and wealth preservation product that utilizes Life Insurance products inside the client's registered retirement accounts to minimize the often devastating effects of double-taxation that applies to over-funded retirement accounts at the time of the individual's death (Estate Tax + Income Tax). These over-funded accounts can be subject to taxes as high as 70%.
"The use of insurance for Estate Planning and Wealth Creation continues to gain momentum as the reality of the imminent increase in taxes continues to solidify," says CEO Kevin Bobryk. "Our programs are positioned to address and capitalize on these realities."
The company's pro-forma gross revenue estimates with the addition of the insurance programs are approximately 11 million for 2011 and 25 million for 2012. "We believe our insurance programs will allow the firm to finish strong this year and position us as a leader in our niche space in 2012," says Bobryk.
About Diversity Group International Inc.: Diversity Group International (DGI) is a U.S. based company listed under the symbol DGIN. DGI specializes in the development and delivery of interest rate, currency and insurance-related products and services in both the domestic (U.S.) and International markets.
About B3 Capital International Barbados Ltd.: B3 Capital is an international wholesale distribution network that promotes unique alternative investments through its established working relationships with top product approval officers at bank-owned brokerage firms, institutions and pension plans in Canada, the United States and the Caribbean.
DIVERSITY GROUP INTERNATIONAL INC.
#1818, 600 NE 36th Street
Miami, FL, 33137
Kevin Bobryk, CEO
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
SOURCE Diversity Group International Inc.