|
|
 |
 |
 |
| |
|
|
| |
|
 |
|
|
 |
|
 Press Releases
 |
CHICAGO, July 8
Wyncrest Group, Inc. Announces Planned Acquisitions
The Wyncrest Group, Inc. (Pink Sheets: WNCG) today announced that it continues to make progress in its discussions with its targeted acquisitions. The company signed a Letter of Intent to purchase a management consulting services provider based in Florida, and is conducting due diligence on several other potential targets. Subject to the capital markets, a definitive agreement on the Florida-based company is expected in the third quarter of this year.
Bill McFarland, chairman of the company, commented, "We are pleased with the strides our management team has made in seeking and attracting profitable enterprises that will be accretive to our company. The solid foundation we have in place through Southwest Financial, gives us an advantage over our competitors in a tough market. Shareholders should continue to expect positive developments in both of acquisition and organic growth strategies in the weeks and months to come."
For more information, please contact Investor Relations at +1-630-215-5171 |
| |
About The Wyncrest Group, Inc. |
Wyncrest Group, Inc. is a publicly-traded holding company focused on financial services and the insurance industry. Based in the Chicago, Illinois metropolitan area, the company intends to expand into the offshore insurance industry. It is strategically positioning itself to take advantage of the potentially rapid expansion of certain specialty insurance products and services lines that are in high demand but which are underserved by existing providers. Through WNCG's wholly-owned subsidiary, Southwest Financial Group (SFG), the company has operated for twenty-one years. SFG has 18,000 clients and 85 representatives nationwide, and generated approximately $22 million in gross sales of insurance policies during 2008. In addition to its core offerings, SFG also has growing interests in long-term care for student sports programs and student athletes, as well as pet insurance. SFG is currently engaged in selling an array of quality life protection products and services including: family and personal insurance; real estate and asset insurance products and services; niche tax and wealth building strategies; employee group benefits; 401K Retirement Plans; earthquake, flood and disaster insurance; debt reduction; and alternative investments; and mortgage purchasing & refinancing.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. WNCG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the WNCG's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the WNCG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. WNCG undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. |
| |
Wyncrest Group, Inc.
9654 West 131st Street, Suite 215
Palos Park, IL 60464
www.wyncrestgroupinc.com
Investor Relations : 630-215-5171
investor@wyncrestinc.com |
| |
| |
|
|
