HURRICANE KATRINA DISCUSSION

[MARKETEDGE]

A pinksheet catastrophy insurance play ,

WYCT http://www.wyncrestgroupinc.com/chairman_letter.html


Letter from the Chairman

As Chairman of Wyncrest Group since 2006 I have seen the company weather the worst storms, floods and fires in the history of our country. With Katrina in 05 behind us, we thought we had been through it all and yet the insurance industry came through it in good shape and stood strong because of international insurance underwriters investment laws and policies. Hard times bring out the best in us all.

As we watch New Orleans crawl back to life we are reminded how precious those policies we hope we never need… are there for us. And so we must learn from the cracks in the wall.

It seemed like a good omen that signaled a time to re-invent what an international insurance provider could provide. Wyncrest Group has been building safe insurance investments and unique financial solutions utilizing offshore insurance companies that will redefine who we are.

Since I became Chairman we have successfully:

Acquired Southwest Financial Group, our flagship insurance and financial services business doing 23 million in revenues with 285 nation wide representatives serving 22,000 clients from Teachers retirement funds to Sports event insurance coverage.
Wyncrest acquired a patent pending business method for controlling the sale of contact information to telemarketers Electronic Commerce System.
Acquisition of Offshore License and formation of Off Shore Insurance and Reinsurance companies for a variety of Insurance products, including but not limited to Life & Health, Casualty and Warranty Service Policies, as a controlled foreign corporation.
Established Wyncrest Group’s Offshore Services Division which includes:
Catastrophic Insurance Division
Extended Warranty Insurance Division
Captive Insurance Companies Division
Aviation Insurance Division

As we approach completion of our audited financials, we are advancing our stride towards acquisitions that will provide an established foundation upon which Wyncrest can focus on development of its array of individually unique, niche offshore financial services that are positioned for immense growth as industry analysis predicts.

Our next agenda has been to structure an offshore services division that provides

Wyncrest Group’s Offshore Services Division provides offshore Insurance companies, offshore bank and trust companies and command the most up-to-date tools in the field of tax planning and tax optimization. Like offshore banks, insurance companies formed in offshore jurisdictions also enjoy the enormous growth and secure environment of the offshore system and legislation.

Insurance business activities have become a highly profitable and growing interest for many private international offshore insurance companies, and it is no exception that an offshore branch office of an insurance company is more profitable than its parent onshore company.

Wyncrest Group’s growth strategy is to seek businesses that will advance the company's quest to vertically integrate and become a stronger force in its financial communities. Wyncrest will continue to strive towards procuring sales of its various product lines and technical capacity.

I invite you to participate in our growth plans and strategies.

Best Regards for a safe and prosperous year,

Bill Mc Farland
Wyncrest Group Chairman