Interstate National Announces Strategic Sales Additions to Drive Performance

ATLANTA, April 21 /PRNewswire/ -- Interstate National Corp., a portfolio company of Golden Gate Capital and umbrella corporation for Interstate National Dealer Services (INDS), RpmOne and National Warranty Corp. / Payment Insured Plan, Inc. (NWC), announced today aggressive plans to drive sales and growth with the addition of industry veteran Ricky C. Wolfe as EVP/Chief Marketing Officer and promotion of Chris Murphy to Senior Vice President of Sales.

Wolfe will be joining Interstate National's executive team as EVP & Chief Marketing Officer leading the strategic sales positioning and growth strategies for all seven brands.  Murphy will specifically take the reigns for the Interstate National Dealer Services (INDS) division as the SVP of Sales tasked to further increase market share in their automotive and RV sectors and expand into new markets such as the OEM space.

Wolfe's retail automotive, finance and management tenure includes five years as President of Business Development for EFG Companies focusing on sales and operations for their national sales team, dealer and agency services training and web-based CRM company, SalesEDGE, while Murphy has been a steadfast leader driving the INDS sales team to record-breaking levels for nearly a decade.

"Between Ricky's ability to mentor and motivate a strong sales force, identify opportunities and grow existing and new market share, coupled with Murphy's vast product and industry knowledge, we have two strong leaders to guide our company through the reset economy and position ourselves for the next decade," CEO Shaun Fetherston stated.

"With Interstate's 35 years of experience in partnering with auto, RV, sport and marine dealers PLUS nationally known industry partners like Bank of America and EBAY, we will continue to identify new opportunities and be the leader in turnkey solutions for the marketplace," Wolfe said, while Murphy added, "And, we have the strong financial backing that's committed to our industry with a dream team of top industry professionals poised to execute our aggressive growth initiatives."

About Interstate National Corporation

Interstate National, headquartered in Atlanta, Georgia, offers producers 35-years of experience with nearly 3 million contracts sold and $1 billion in paid claims to over 1.5 million consumers.  In addition, Interstate National partners with over 3,000 producers in the U.S. and Canada; and has distributed over one-quarter of a billion dollars in underwriting gains and investment income.

About Golden Gate Capital

Golden Gate Capital, headquartered in San Francisco, is a global private equity investment firm with approximately $9.0 billion of capital under management. Investors include leading educational endowments, non-profit foundations, and selected financial institutions, entrepreneurs and managers. The firm's charter is to invest in change-intensive and growth-oriented situations where there is a demonstrable opportunity to significantly enhance a company's value. The Principals of Golden Gate Capital have completed approximately 140 such transactions aggregating to over $19 billion in enterprise value across all major sectors of the economy. For more information visit www.goldengatecap.com.

SOURCE Interstate National Corp.