DALLAS, Feb. 28, 2005 (PRIMEZONE) -- RG America (OTCBB:RGMI) announces that its division, RG Insurance Services, Inc (RGIS) is introducing the new revSMART(sm) program for participating mortgage brokers. This is the newest member of the "SMART" family of programs from RG America. The program provides mortgage brokers additional revenue opportunities on new loans where clients would benefit from an insurance review by an independent agency. "Our program benefits all parties because the broker can earn incremental revenue while having the confidence that we enhance the clients overall experience through superb client service. The client is assured that they are getting the best insurance value for the coverage because we are an independent agency that will shop several markets for the best policy for each client's unique needs," commented William Fink, COO of RGIS.
The revSMART(sm) program is being introduced in Texas initially. RGIS will make it available in additional regions over the next few months. In 2004 nearly 16 million new mortgage loans were made to house/condo/second home markets.
RG America is a family of companies offering construction/restoration and financial services and products primarily to the multi-family housing industry. RG Restoration, Inc. ("The Restoration Group") specializes in reconstructing multi-family and commercial properties damaged by fire, flood, hail or wind. RG Insurance Services, Inc. is a full lines insurance agency. It will be the general agency for a proprietary property and casualty insurance product called PropertySMART(sm) that delivers improved service and true cost savings to the multi-family housing industry. RG America also sells several financial services to the multi-family housing market including the innovative Rent Shield(tm) program.
This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor shall there be any sale of these securities in any jurisdiction in which it is unlawful to make such an offer or solicitation.
A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.