IRVINE, Calif., Oct. 11, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that it has acquired PremierPoint Insurance Services, Inc., which 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.
"We're elated to add PremierPoint to our growing suite of revenue-driven and complementary insurance and financial services," stated Henry Davidson, CEO of Sage Global Solutions. "With PremierPoint, Sage Global will be able to effectively penetrate the lucrative $15 billion Workers' Compensation industry in California. PremierPoint will exploit its experience with and knowledge of 'Carveout' programs that include Alternative Dispute Resolution (ADR), to grow profitably. With limited competition and our experienced team, we expect great results. This is an ideal acquisition for Sage Global and consistent with our strategy of intelligent growth through organic success and revenue-generating acquisitions. This should dramatically affect our production for the coming fiscal year."
PremierPoint Insurance is also pleased to announce the addition of highly-effective insurance industry veteran, John C. Kirwan, to their management team, the President of Premier Point. Mr. Kirwan has an extensive insurance background, having served as a senior executive with three national carriers, as well as Risk Manager for a large metropolitan city.
About PremierPoint Insurance Services
Based in Rancho Cucamonga, California, PremierPoint Insurance Services, Inc. ("PremierPoint") focuses on providing innovative insurance products, with an emphasis on collectively bargained Workers' Compensation, captives, traditional wholesale agency products, program consulting and risk management assistance to insurance agents and carriers on a highly profitable basis for the benefit of its customers and clients.
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 and the individual retail customer. Sage currently has 5 wholly owned subsidiaries including Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, and PremierPoint Insurance Services. 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 consisting of over 50 integrated URLs, each with over 250,000 pages of consumer-useful information. RJC Insurance Services is one of the premier retail insurance service providers in California, with a unique array of product offerings when coupled with PremierPoint Insurance Services. 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. The name Express Notary is a copyright of Express Notary Service, Inc.