[b]$CNGI[/b] .065 Concordis Group, Inc. CEO Announces Acquisition Negotiation
DESTIN, Fla., [b][color=blue]Oct. 4, 2012[/color][/b] /PRNewswire via COMTEX/ -- Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, today announced its CEO Thomas C. Blake is in the process of negotiating an acquisition of a domestic insurance company.
Mr. Blake who is the founder of Wilshire Consultants LLC, has extensive background in the domestic insurance market and was previously the CEO of Colony Life Insurance Company where sales exceeded 60 million. He previously worked at Continental Casualty, CNA, Aetna Life and Casualty and Interstate Group Administrators.
Mr. Blake stated, "I see this potential acquisition as a perfect fit with our captive insurance company business."
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.
Contact: Concordis Group, Inc. Thomas C. BlakeChief Executive Officer (310) 472-4656
