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RS GROUP COMPANIES INC (fka RSGC) RSS Feed

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9
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Created
09/12/07
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Estimated Market Cap 137,610.27 as of Sep 13, 2007 Shares Outstanding = 29,958,000 Company Description Contact Info: 200 Yorkland Boulevard Suite 200 Toronto, ON M2J 5C1 Canada Phone: 416-391-4223 Fax: 416-391-1226 http://www.rsgc.com RS Group of Companies, Inc. operates as the holding company for a group of insurance and finance-related businesses, and affinity program managers. It focuses on the design, structure, and sale of a series of pass-through risk, specialty insurance backed, and reinsurance platform products in North America. The company offers RentShield, a residential rental guarantee program that is marketed to real estate landlords. It also provides a program that offers protection to vacation property timeshare owners against the depreciation of their timeshare ownership interests, as well as administration services. The company was founded in 2001 and is based in Toronto, Canada. ******************************************************************************************************************************** RS Group of Companies, Inc. manages and provides strategy and expertise to its companies and investments. Current operating companies include: Rent Shield Canada Limited Canadian Intermediaries Limited Dashwood Brewer & Phipps Ltd. RS Group of Companies, Inc. is publicly listed on OTC/BB: RSGC ******************************************************************************************************************************** PRODUCT OFFERINGS: RentShield®: Overview RentShield®, developed by RS Group of Companies, Inc., eliminates the frustration of fluctuations of incoming cash flow. The program's core benefit is its rental default guarantee, which ensures Property Managers/Owners are paid up to 6 months rent for each unit that is in default. RentShield® combines optional services to help enhance the management of property. RentShield® has been evolving since its inception to ensure the program continually addresses consumer demand. The program has been enhanced in several ways, such as opening its doors to both single and multifamily applicants, and eliminating minimum unit requirements. http://www.rentshield.com/ Charter Vacation Club™: Overview Luxury Yacht Lifestyle at a Fraction of the Cost Membership with Charter Vacation Club™ makes owning a brand new yacht affordable. The membership entitles vacationers to one use-week on a 47-foot private luxury yacht for 12 consecutive years. Members could have the choice of traveling to places such as Florida, Hawaii and the Bahamas; and as the program grows, so too will the list of exotic destinations. CVC Membership Features: One use-week per year for 12 years on a private luxury yacht that is outfitted with a Docking on Command and a Tracking System A reserved dock slip loaded with amenities Frequent yacht refitting Financing option is available http://www.chartervacationclub.com/ VGV™ Membership Program: Membership Benefits VGV™ Program features: Timeshare Resale Value Protection Program* StayPut Option Exclusive Members' Web Site Timeshare Resale Value Protection Program* The VGV™ Program protects timeshares against declining resale value and economic downturn with VGV. Inc.'s exclusive Resale option. In the 7th year, Members must choose to either accept the Resale option, which provides a guarantee that VGV Inc. will purchase the Member's timeshare interest for a specified dollar amount after 10 years, or to extend their membership. If the Member does not elect the 10-year Resale option, the Member can extend their VGV™ Program membership for up to an additional 10 years. StayPut Option Members of the VGV™ Program can decide to "StayPut" by extending their VGV™ Program membership for another 5 or 10 years. Exclusive Members' Web Site The VGV™ Program Web site features a wide range of travel related services and discounts, including access to discounts on travel accident insurance from AIG CompaniesSM. This site also provides information regarding membership advantages. VGV Inc. enjoys affiliations with several travel and vacation related companies. We continually update our Web site and are working to bring new affiliates on board to offer more value to our Members. To ensure the success of the program, VGV Inc. has developed strategic partnerships with Strategy Insurance Limited and AIG CompaniesSM. All our guarantees are fully underwritten and supported by our partners. http://www.vgvinc.com/ ******************************************************************************************************************************** 02/13/07 SC 13G A statement of beneficial ownership of common stock by certain persons Item 6. Ownership of More than Five Percent on Behalf of Another Person. GMCM is a registered investment advisor whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Stock. Gruber & McBaine are the Managers, controlling persons and portfolio managers of GMCM. No individual clients holdings of the Stock are more than five percent of the outstanding Stock Item 6 Ownership of More than Five Percent on Behalf of Another Person 02/13/07 SC 13G/A An amendment to the SC 13G filing 1 Clients for whom ZCG acts as investment adviser may withdraw dividends or the proceeds of sales from the accounts managed by ZCG. No single client account owns more than 5% of the class of securities. Zesiger Capital Group LLC is a money management firm committed to maximizing total returns on assets under management. RS Group of Companies, Inc. (the "Company") is a holding company for an integrated group of insurance and finance-related businesses and affinity program managers. The Company has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk, specialty insurance backed and reinsurance platform products throughout North America. Canadian Intermediaries Limited (CIL) CIL is a Lloyd's of London Coverholder, which is a person authorized by Lloyd's to accept or to issue insurance documents evidencing the acceptance of risks on behalf of Lloyd's underwriting agents. CIL provides us the ability to specialize in `hard-to-place' liability insurance and credit insurance. For the three months ended March 31, 2006 and 2005, revenue from insurance underwriting premiums amounted to approximately $4.1 million and $3.6 million , respectively. For the three months ended March 31, 2006 and 2005, approximately 86% and 96% of our underwriting insurance premiums were generated under a coverholder agreement with Lloyd's of London. 06/09/06 10QSB Quarterly report filed by small businesses 2 PROPOSED MERGER On December 31, 2005, the Company entered into a letter agreement (the "Agreement") with SII, pursuant to which the Company confirmed its intent to enter into a merger transaction. In such transaction, the Company will merge with and into SII or an affiliate, subsidiary or successor entity thereof (the "Merger Entity"), whereby the Merger Entity would be the surviving entity in the merger (the "Merger"). On January 20, 2006, we announced that by definitive merger agreement the Company and Strategy entered into a letter agreement stating that we would merge with and into Strategy or an affiliate, subsidiary or successor entity thereof, had agreed to merge effective December 31, 2005. Dashwood, Brewer & Phipps Ltd. (Dashwood) We own 49% of the issued share capital of Dashwood, a Lloyd's Insurance Broker in London, England. The investment in Dashwood is carried at equity, adjusted for the Company's proportionate share of Dashwood's undistributed earnings or losses. Results of Operations Three Months Ended March 31, 2006 and 2005 Summary Revenues for 2006 were $4,094,374 compared to $3,617,069 for 2005. Gross profit for 2006 was $410,463 compared to $319,373 for 2005. Liquidity and Capital Resources At March 31, 2006, we had cash and cash equivalents of $1,054,019, an increase of $565,604 from the cash and cash equivalents balance of $488,415 at December 31, 2005.
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