DESTIN, Fla., April 13, 2011 /PRNewswire/ -- Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced that its Restaurant Franchise Captive Program ("RFCP II") is currently receiving new members.
The RFCP II is a group captive insurance program for restaurant, retail food business owners and franchises that are members of well established national or regional companies throughout the U.S. Concordis has partnered with Avizent Risk to provide these alternative risk solutions.
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated, "We have had great response from independent agents and have signed up key sales agents throughout the country to represent the program. Many of our key agents are ranked in the top 25 largest agents in the U.S. and include high quality agencies such as J Smith Lanier, John L. Wortham, and Hays Group. Early results on both sales production and profitability have been very positive."
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.
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.