AUSTIN, Texas, Dec. 9, 2003 (PRIMEZONE) -- American Physicians Service Group, Inc. ("APS") (Nasdaq:AMPH) today announced that Cheryl Williams had been elected to its board of directors. Ms. Williams was also appointed to chair the Audit Committee and to serve on the Compensation Committee. Ms. Williams is a private investor and business consultant. She has over fifteen years' experience in the public company arena, including serving in Controller and Chief Financial Officer positions.
Ken Shifrin, APS Chairman of the Board stated, "The addition of Ms. Williams brings additional expertise and insight to the Board. Her independence, experience in corporate governance, and proven financial leadership will be tremendous assets to the Board."
APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors and brokerage and investment services to institutions and high net worth individuals. The Company is headquartered in Austin, Texas and maintains offices in Dallas and Houston.
This press release includes forward-looking statements related to the Company that involve risks and uncertainties that could cause actual results to differ materially. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect the Company's future results, please see the Company's recent filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations. Copies of the filings are available upon request from the Company's investor relations department.
For further information, visit APS' website at www.amph.com or contact:
Mr. Kenneth Shifrin, Chairman of the Board (or) Mr. W. H. Hayes, Sr. Vice President - Finance American Physicians Service Group, Inc. 1301 Capital of Texas Highway, C-300 Austin, Texas 78746 (512)328-0888