AUSTIN, Texas, June 28, 2001 (PRIMEZONE) -- American Physicians Service Group, Inc. ("APS") (Nasdaq:AMPH) today announced that Marc R. Still had been elected by the shareholders to its board of directors at the Company's Annual Meeting. Still is President and CEO of Aspen Advisors, L. P. An 18-year veteran in the financial services industry, he has previously held positions with Imperial Capital, Bear Stearns and Co. and Kidder Peabody.
Ken Shifrin, APS Chairman of the Board, stated, "The addition of Marc Still brings a new base of knowledge and a new perspective to the board. His extensive experience in mergers/ acquisitions and capital markets will help guide us as we seek growth by maximizing our returns on the companies in which we have invested."
Still earned a degree in Finance and Economics from Southern Methodist University. He currently serves on the boards of Vonova Corp. and AppWired, Inc.
APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors; brokerage and investment services to institutions and high net worth individuals; lithotripsy services in 34 states; refractive vision surgery; and dedicated care facilities for Alzheimer's patients. 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