Press Release Source: Wyncrest Group, Inc.
Wyncrest Group, Inc. Today Announces Plans to Provide Limited Catastrophic Storm Insurance
Monday September 15, 9:16 am ET
CHICAGO--(BUSINESS WIRE)--Wyncrest Group, Inc. (Pink Sheets:WYCT - News) today Announces plans to provide limited Catastrophic Storm insurance. In an effort to extend the range of it’s Offshore Catastrophic Insurance Division, the company has engaged in the assessment of insurance to homeowners who have been denied by domestic insurers who will no longer take the risk in many areas devastated by hurricanes and tornadoes. There is a tremendous need to provide storm survivors who have lost their homes and insurance and are in need of some specific coverage to rebuild.
Staying focused on its corporate objective of expansion into lucrative Insurance niche markets, the Wyncrest Group has anchored its new division, Offshore Catastrophic Insurance Division in a lucrative position to grow in this Insurance category.
With the implementation of its Offshore Services Division growth strategy and the formation of,the Catastrophic Insurance Division, the Wyncrest Group provides an interface into enormous untapped profits for the company and its investor group serving the Catastrophic Insurance market.
The Catastrophic Insurance Division is part of and compliments the Wyncrest Group’s Offshore Services Division, which includes:
Wyncrest Group’s Offshore Services Division
Catastrophic Insurance Division
Aviation Insurance Division
Captive Insurance Companies Division
Extended Warranty Insurance Division
Wyncrest Group’s flagship subsidiary, Southwest Financial Group has served its 18,000 clients in the Heartland of America with 285 reps nation wide for 22 years with revenues near 23 million per year.
About The Wyncrest Group
Wyncrest Group is a growing holding company comprised of subsidiaries within the financial and insurance industry segments. From Life Insurance and Long Term Care to Student and Sports Insurance and Employee Group Benefits, Wyncrest Group’s broad financial product and service offerings provide economic protection and growth opportunities for investors.
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct.
Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology.
The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks.
The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
