IRVINE, Calif., Jan. 30, 2007 (PRIME NEWSWIRE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) (Frankfurt:Q9A) announced today that its PremierPoint Insurance Services subsidiary has secured an agreement with Identity Safeguards of Tualatin, Oregon, under which it will offer companies and associations a new, affordable identity theft insurance product marketed as an employee benefit.
Identity theft is the fastest-growing crime in the U.S., claiming 27.5 million victims since 1997, at a cost of billions of dollars to individuals and businesses. The Federal Trade Commission estimates that as many as nine million Americans have their identities stolen each year. On average, victims spend between 30 and 60 hours and hundreds of dollars in order to clear their good names.
"Our integrated package of personalized protection and recovery services helps participants protect themselves from becoming a victim of identity theft," said Joey Sanchez, CEO of PremierPoint Insurance Services. "If an incident does occur, the program provides immediate access to a recovery advocate as well as a name recovery team comprised of specialists in fraud, law, consumer protection and related areas to assist in the recovery process."
About Sage Global Solutions
The mission of Sage Global is to present a full spectrum of insurance and financial services and solutions for small to medium businesses. Sage currently has five wholly owned subsidiaries including; Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, PremierPoint Insurance Services and JPJ Reinsurance. PremierPoint offers innovative insurance products specializing in Workers' Compensation and the utilization of captive programs. PremierPoint also provides traditional wholesale agency products, program consulting and risk management assistance to insurance agents and carriers. RJC Insurance Services is a premier commercial insurance agency based in Southern California. Express Notary Service, Inc. is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. Online Mortgage Inc. is a lead generation and marketing portal. JPJ Reinsurance issues insurance policies to insurance carriers in select markets for select risks. Over the past several months Sage has taken significant steps toward reaching its goal of becoming a complete insurance and financial services institution and will continue to seek acquisitions, positioning itself as a market leader in a rapidly-growing industry. Visit http://www.sage-global.com for more information.
Safe Harbor Statement
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.