IRVINE, Calif., April 28, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that it has signed a Letter of Intent to acquire RJC Insurance Services, a full service commercial lines insurance agency.
The first of several potential takeover candidates, RJC Insurance Services has exceptional access to unique markets and is one of the premier insurance service providers in California. "Robinson Yang, co-founder of RJC, has created an exceptional reputation for delivering unique and individual coverages and policies through an extensive network of underwriters, providers and carriers. Robinson brings over 19 years experience to Sage Global Solutions and we are very excited to have him as a member of our team," said Henry Davidson, CEO of Sage Global Solutions.
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. This acquisition is a significant step toward the Company's goal of becoming a complete financial services institution positioning itself to be a market leader in a quickly growing and unique industry.
"The synergies between RJC and other current and future business channels and operations offer an important competitive advantage," said Davidson. The acquisition is expected to close by the end of April and is subject to internal due diligence reviews, ratification by the board of directors and certain regulatory approvals.
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Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties. The name Express Notary is a copyright of Express Notary Service, Inc.