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 Letter from the Chairman
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As Chairman of Wyncrest Group since 2006 I have seen the company weather the worst storms, floods and fires in the history of our country. With Katrina in 05 behind us, we thought we had been through it all and yet the economic challenges of the past two years have added additional challenges for all of us. Hard times bring out the best in us all.
Since I became Chairman we have successfully: |
- Acquired Southwest Financial Group, our flagship insurance and financial services business with 285 nationwide representatives serving 22,000 clients from Teachers retirement funds to Sports event insurance coverage.
- Wyncrest acquired a patent pending business method for controlling the sale of contact information to telemarketers Electronic Commerce System.
- Acquisition of Offshore License and formation of Off Shore Insurance and Reinsurance companies for a variety of Insurance products, including but not limited to Life & Health, Casualty and Warranty Service Policies, as a controlled foreign corporation.
- Established Wyncrest Group’s Offshore Services Division which includes:
- Catastrophic Insurance Division
- Extended Warranty Insurance Division
- Captive Insurance Companies Division
- Aviation Insurance Division
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We have completed our audited financials for 2009 and are advancing our stride towards acquisitions that will provide an established foundation upon which Wyncrest can focus on development of its array of individually unique, niche offshore financial services that are positioned for immense growth as industry analysis predicts.
Shareholder value is a primary concern of the management team. By focusing our attention on profitable, growth-oriented areas, where we will have a unique presence, we feel that our shareholders will be pleased with the new direction we have decided to take Wyncrest.
Wyncrest Group’s growth strategy is to seek businesses that will advance the company's quest to vertically integrate and become a stronger force in its financial communities. Wyncrest will continue to strive towards procuring sales of its various product lines and technical capacity.
I invite you to participate in our growth plans and strategies.
Best Regards for a safe and prosperous year,
Bill Mc Farland
Wyncrest Group Chairman |
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