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 Press Releases
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DALLAS September, 14, 2009
Wyncrest Group Inc Insurance Consortium Rated ‘Speculative Buy,’ Target Price $0.43 by
Beacon Equity Research
Wyncrest Group Inc. (Pink Sheets: WNCG) has been rated Speculative Buy with a price target of $0.43 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com
Anyone interested in receiving alerts regarding WNCG research should e-mail members@beaconequity.com with “WNCG” in the subject line.
In the report, the analyst writes, “The Company’s growth plan focuses on delivering innovative insurance products in high demand to underserved niche markets and extending its reach through strategic acquisitions. WNCG believes there are many small insurance and financial service companies/agencies interested in merging with a public company to gain additional resources, synergies and economies of scale while retaining their current customer list.
“WNCG’s plan is to acquire companies in specific insurance growth areas. In July 2009, the Company announced it was negotiating six business acquisitions, all of which have synergies with its flagship SFG subsidiary. WNCG anticipates closing all six acquisitions in the second half of 2009, pending financial audits for each of the companies.”
Other small-cap insurance providers include: Mercer Insurance Groups Inc. (Nasdaq: MIGP), Specialty Underwriters’ Alliance Inc. (Nasdaq: SUAI), Hallmark Financial Services Inc. (Nasdaq: HALL) and Nymagic Inc. (NYSE: NYM). |
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About The Wyncrest Group, Inc. |
The Wyncrest Group, Inc. is a publically traded holding company focused on financial services and the insurance industry. Based in the Chicago, Illinois metropolitan area, the company is expanding into the offshore insurance industry. It is strategically positioning itself to take advantage of the potentially rapid expansion of certain specialty insurance products and services lines that are in high demand but which are underserved by existing providers.
Through WNCG’s wholly owned subsidiary, Southwest Financial Group (SFG), the company has operated for twenty-one years. SFG has 18,000 clients and 85 representatives nationwide, and generated approximately $22 million in gross sales of insurance policies during 2008. In addition to its core offerings, SFG also has growing interests in long-term care for student sports programs and student athletes, as well as pet insurance. SFG is currently engaged in selling an array of quality life protection products and services including: family and personal insurance; real estate and asset insurance products and services; niche tax and wealth building strategies; employee group benefits; 401K Retirement Plans; earthquake, flood and disaster insurance; debt reduction; and alternative investments; and mortgage purchasing & refinancing. |
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Beacon Equity Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor; nothing contained in any materials should be construed as a recommendation to buy or sell any securities.
Beacon Equity is a Web site wholly-owned by Blue Wave Advisors, which has been compensated six thousand five hundred dollars directly from Wyncrest Group Inc as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures. |
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SOURCE: Wyncrest Group, Inc.
BeaconEquity.com
Jeff Bishop, (469)-252-3505
press@beaconequity.com
www.BeaconEquity.com
or
For more information, please contact Wyncrest Group Investor Relations, Lisa Hain at +1-630-215-5171. |
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This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. WNCG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the WNCG’s current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the WNCG’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. WNCG undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. |
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