Concordis Group Inc (CNGI)

[quikfix]

Read my posts # 1243 and 1244. I can't believe anything management tells me anymore and I have sold my position.

Where are those 10 million is sales that they mentioned in that acquisition PR? Have you seen the 2012 annual report? The revenues for 2012 were a dismal $74,724. Management has also promised audited financials for over 2 years now and they barely know how to file with OTCMarkets.com and seriously need a lesson on how to do so. I don't think they ever heard of such a thing as a quarterly report or an Attorney Letter with Respect to Current Information that must accompany a financial statement and you wonder why there is a yield sign when you look up CNGI. I am truly disappointed with this stock.

Here are some nice lies in my opinion from the PRs. This PR is dated July 23, 2012.

The company also announced Malone Bailey, LLP the firm's SEC auditor is currently working to complete its 2012 quarterly reports in an effort to begin the formal process of up-listing to the OTCBB.

This one is my favorite and the PR is dated Nov 29, 2011.

Trent S. Sommerville , Chairman and CEO of Concordis Group, Inc. stated, "We are pleased to announce we acquired Advance Underwriting Managers, LLC for $240,000 in cash and 1,000,000 shares of Concordis Group, Inc. common stock. With AUM's expertise in insurance operations, this entity fits our strategy to grow by acquisition.

G. Lahrye Radford , CPCU, Chairman of Advance Underwriting Mangers also said, "AUM's projection of $10,000,000 in revenue in 2012 can be reached with the support structure provided by Concordis. This is an acquisition that is beneficial for all parties – shareholders of Concordis and employees of AUM."

Advance Underwriting Managers, LLC is now a wholly owned subsidiary of Concordis Group.