Message #21 From:
NewsBot Date: October 12, 2006 08:14:00 AM
ASAM News ASSURANCEAMERICA CORPORATION Increases Focus on Acquisitions
ATLANTA--(BUSINESS WIRE)--Atlanta based ASSURANCEAMERICA CORPORATION (OTC BB: ASAM), today
announced additions to its leadership.
The Company is pleased to announce the promotion of Courtney Wright to
President of TrustWay Insurance, its retail subsidiary, effective
immediately. Courtney joined AssuranceAmerica in September 2006 as
Senior Vice President Sales for the MGA/Carrier following a twenty-five
year career at Allstate.
In order for the Company to give greater emphasis and focus on insurance
agency acquisitions, Jim Cook, President of Trustway Insurance, has
accepted the responsibility to lead the Company's efforts to acquire as
well as manage large acquisitions over the coming years.
In announcing these promotions and additions, Lawrence (Bud) Stumbaugh,
President and CEO of AssuranceAmerica Corporation said, "These additions
will allow our company to give more focus on retail acquisitions. I am
very proud of not only these individuals who have accepted new
challenges, but also our entire group of associates. We are moving ahead
as a company, with 2006 now on track to be our best year!"
AssuranceAmerica focuses on the specialty automobile insurance
marketplace, primarily in Alabama, Florida, Georgia, South Carolina, and
Texas. Its principal operating subsidiaries are TrustWay Insurance
Agencies, LLC ("Agency"), which sells personal automobile insurance
policies through its 50 retail agencies, AssuranceAmerica Managing
General Agency, LLC ("MGA"), and AssuranceAmerica Insurance Company
("Carrier").
This press release includes statements that may constitute
"forward-looking" statements. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from
the forward-looking statements, as discussed in the Company's filings
with the U.S. Securities Exchange Commission (SEC). Historical results
are not indicative of future performance.
