ATLANTA, Aug. 9, 2005 (PRIMEZONE) -- Equus Resources, Inc. (Pink Sheets:EQUR) ("Equus") announced today the expansion of its Insurance Division with the acquisition of 1st Metro Insurance, an Atlanta-based commercial and personal lines insurance agency. 1st Metro was part of the recent acquisition by Equus of American Career Training Institute.
In addition to property and casualty insurance, 1st Metro's product mix includes marine and worker's compensation lines. For now, 1st Metro will continue to operate as a separate insurance agency and continue to be managed by Sandra Gallman. Sandra has over 25 years of experience in insurance underwriting, brokering and management, and holds the following industry designations: Charter Property and Casualty Underwriter, Associate in Marine Insurance Management, and Associate in Surplus Lines Insurance.
Randy Harris, President of Equus, commented, that "The addition of 1st Metro to our existing insurance division brings additional lines of insurance and carriers, as well as strengthening and expanding the relationships with existing carriers. We were very fortunate to get someone with Sandra's knowledge and industry expertise and experience to lead this segment of our operations. With all four of the insurance agencies, she has been associated with over the past 25 years, she has increased sales and expanded affiliations. We expect her to be even more successful with us by capitalizing on the synergies of the Equus family of financial services."
About Equus Resources
Equus Resources is a multi-faceted financial services company that offers consumer and commercial clients a broad range of mortgage and insurance products, mainly in the southeastern states. Equus plans to expand its business through internal growth and acquisition and to add new financial products and services as demand warrants. Equus is headquartered in Roswell, Georgia, a suburb of Atlanta. For more information, please visit us at www.equusresources.com and www.teamonemortgage.com or e-mail us at investorinfo@equusresources.com and we will be happy to add you to our electronic mailing list.
Forward-Looking Statements:
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company. The Company disclaims any obligation to update information contained in any forward-looking statement.