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i grabbed a few the last couple weeks...definitely worth the wait in my book...long term play that will develop over time
risk management is huge now adays...plenty of insurance agents looking for risk management solutions for their clients...CNGI will be helping them figure out what is the best way to go about risk management!
such great news, but yet such low volume? why?
WILL NEVER HAPPEN
definitely a good thing we brought him on board at CNGI..one would have to suspect that Avizent and Concordis Group are much closer now...very good for us!
looks like he will be a vital part of our BOD!
if we could close this spread, we could really see some momo hit this
Rick Stasi is the Chief Operating Officer of our alternative risk division. He is responsible for overall operations of Avizent’s alternative risk programs, which include individual, group and agency captives; and insured programs. He has 31 years of commercial insurance experience and also oversees Avizent’s Bermuda-based captive reinsurance company, Atlantic Gateway International, Ltd. His responsibilities include the administration, marketing and claim services associated with the organization’s alternative risk programs. Before joining Avizent, Mr. Stasi served as Director of Alternative Risk Operations for Powell-Walton-Milward (part of Palmer & Cay), led the sales department at Van Meter Insurance and held several key management positions for CNA Insurance Company.
Rick Stasi Linkedin
http://www.linkedin.com/in/rickstasi
news would definitely be welcomed here. I think we are due for an update! it will be nice to see some progress made and to see what the company is up to
it was red on friday...definitely the right direction when you consider the CEO.
all i see is a fluff PR that states he lowered it by 250 mil...nothing stops him from raising it again...there's plenty of room for the pig to dilute.
also, dont be fooled when he says retiring shares of SHBC...no one but Tom and family owns SHBC. HBWO literally owns nothing due to the MASSIVE amounts of 1. debt and 2. pref shares that Tom and family owns.
hbwo is the only hope to dilute..no one will dabble in HCKI or SEVA anymore.
Puritan Securities, Inc., a wholly owned subsidiary of Concordis Group, Inc. (Pink Sheets: CNGI), a middle-market investment bank, has announced the opening an office based in Tampa, Florida. Puritan provides investment banking, M&A as well as debt and equity raising services for clients in transactions. Puritan Securities is a licensed broker dealer under FINRA.
We are pleased to welcome Mr. Jerry Boyette, AAMS to Puritan Securities as the Tampa Bay area office manager. With over 22 years experience in the financial services industry, Mr. Boyette founded Tampa-based BFS Financial, Inc. in 1998, as a third party marketing and advisory firm specializing in distributing financial products through various channels, including Independent Broker Dealers, RIAs, Family Offices, Independent Insurance Agents and Agencies, Banks & Wirehouse Broker Dealers and Institutions.
Puritan Securities is continuing to expand operations across the nation as well qualified and experienced partners are identified and vetted.
i enjoy 300% gains!
Concordis Group, Inc. - Increases Sales Pipeline 300% in 2nd Quarter
Wednesday August 4, 2010
DESTIN, FL -- Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced its current sales pipeline has increased 300% in the second quarter of 2010.
Concordis currently has 16 programs any various stages of development. Of these 16 captive cell programs, three are scheduled to be launched in 2010. The remaining 13 programs are in the due diligence and planning stages.
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated, "Expanding our sales pipeline is a key ingredient to achieving our growth strategy. Moving forward, CNGI will continue to look for opportunities where our alternative risk solutions can provide our clients greater control over their insurance, better risk management and lower their insurance costs."
These captive cell programs cover a wide range of industry sectors, including: food services, healthcare, retail, financial services and associations.
Concordis Capital will play a major role in the company's future as it continues to execute its business plan.
Future Acquisitions:
The company will look at acquiring other financial service companies that will provide synergy with its current business strategy. The type of acquisitions include:
* Insurance Companies
* Broker/Dealer
* Credit Card Companies
great to see exponential growth opportunities!
you should KNOW the company, and know that CEO is responsible for close to 50 billion shares diluted (total from three companies, including HBWO) so any "chart run" could be squelched by CEO dumps
boardmarks rising...i think we started with 3..up to 14...people taking notice...i like that
not really....company/CEO being sued for $150k...which, in reality, isn't a whole lot, but when you have ZERO cash, and you can easily dilute commons, Tom Scozzafava will definitely dilute into any run you create and you will become a STUCKholder
I will be calling Monday morning for more up to date S/S
Corporate Stock Transfer
3200 Cherry Creek Dr. South
Suite 430
Denver, CO 80209
www.corporatestock.com
Anyone try reaching IR/CEO
Trenton S. Sommerville
(850) 337-1493
tsommerville@concordisinc.com
Quarterly Update July 2010
http://www.concordisinc.com/Documents/QuarterlyUpdate.pdf
Investor Research July 2010
http://www.concordisinc.com/Documents/InvestorResearch.pdf
August 17 PR:
Concordis Group, Inc. Partners With Avizent Risk to Provide Risk Sharing Captive for Restaurant Franchisees.
Tuesday August 17, 2010
DESTIN, FL -- Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced it is partnering with Avizent Risk (www.avizentrisk.com) to provide alternative risk solutions to restaurants throughout the U.S.
The Restaurant Franchise Captive Program II(RFCP2) will be a group captive insurance program for restaurant, retail food business owners and franchises that are members of well established national or regional companies.
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated, "We are very pleased that Avizent has invited us to participate with them in the Restaurant Franchise Captive Program. We will also be working with Avizent to provide Third Party Administrator(TPA) services to our clients."
"Our newest program highlights the reality that captives today are not just for the hard market," notes Rick Stasi, Chief Operating Officer at Avizent Alternative Risk. "Our program gives brokers the chance to offer their clients more value-added services and gives organizations that are not familiar with captives the opportunity to participate. Plus, analysts believe the hard market is coming, so now is clearly the ideal time to move forward with a captive arrangement."
The RFCP II program includes Atlantic Gateway International SAC ltd., Frank Gates Bermuda, UAR Investments LLC, and Concordis Group, Inc. Some of Avizent's customers include: Signal Mutual, Wal-Mart, Commonwealth of Virginia, Coca-Cola, Honda, Peabody Energy, 7UP/RC Cola, United Parcel Service, Enterprise Rental Car, AL Truckers, AL Assoc. of General Contractors and Workers First.
About Concordis Group, Inc.
Concordis Group, Inc. is a diversified holding company that provides business insurance solutions through its two wholly own subsidiaries: Concordis Insurance SPC(CISPC) and Concordis Capital, Inc.(CCI). CISPC, a Cayman Island corporation, is a captive insurance company that specializes in structuring and managing alternative risk management solutions for mid-market companies. CCI, a Florida corporation, provides captive cell funding for CISPC and other businesses and organizations.
Concordis Group's business strategy is based upon strong organic growth combined with strategic acquisitions of companies in the financial services and insurance industries that create additional synergy, have positive cash-flow, exhibit strong long-term growth potential, and have highly qualified management teams.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its services and service offerings, its results to fail to materialize. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
Contact
Concordis Group, Inc.
Trent S. Sommverville
Chief Executive Officer
(850) 337-1493
nice ibox!
nice background
Trenton S. Sommerville - Chief Executive Officer & Chairman
Mr. Sommerville became the Chairman and CEO in January 2009. Since his appointment, he has focused his efforts on restructuring the company, securing capital funding, building relationships and positioning the company for future growth.
Mr. Sommerville is responsible for leading the firm, finding new acquisition candidates, managing M&A activity and strategic planning. He works from the Company’s headquarters in Miramar Beach, Florida.
He has over 15 years of private equity and corporate finance experience. During this time he has worked with 300+ clients, raised over $45 million in capital funds, was the lead team member in taking 5 companies public and brokered 10 M&A transactions.
Mr. Sommerville is also the Chairman and CEO of First Capital Partners, a boutique investment banking company. Under his leadership, First Capital has grown from a small consulting business in 1996(IGE) to a full-service investment banking firm focusing on mid-market opportunities.
Mr. Sommerville also founded Heartland, Inc., a diversified holding company, in 2004. He was the Chairman and CEO before bringing on its current CEO in 2007. He was instrumental in maintaining the company’s focus and returning it profitability in early 2008. He now serves as a Director.
Prior to starting IGE he worked at Anjet where he obtained NASD Series 22 and Series 63 licenses.
pressure is slowly building...we can easily see .50 ouuta this
and that was the last stated os...so we can check the volume to check dilutions...doesnt look like much share issuance at all
like it matters
Concordis Group, Inc.(Pink Sheets: CNGI) is a publicly traded diversified financial holding company that provides investment brokerage services and business insurance products for its clients. The company provides those products and services through its two wholly owned subsidiaries: Concordis Insurance SPC and Concordis Capital, Inc.
The company's acquisition strategy focuses on finding companies that will create additional synergy and have positive cash-flow, strong growth potential and highly qualified management teams.
Recent milestones include:
Formed new subsidiary: Concordis Capital, Inc.
Appointed Mark C. Foster to the Board of Directors
Formed strategic partnership with Avizent to participate in their Restaurant Franchise Captive Program
Received commitments to form five(5) insurance cells. Three of the five(3) will be funded by the company while the other two(2) will be Rent-A-Captives
Hired Monica Thomason, an 19 year veteran in the captive insurance industry, to become the Director of Alternative Risk Solutions for Concordis Insurance SPC
Appointed Dr. Bart Farris as head of the Concordis Group - Physician Advisory Council to lead entry into the medical insurance industry
Move to larger office space
Formed strategic alliance with Insurance Office of America to provide various referrals and consulting services
The company's philosophy is the long term growth of shareholders' equity through capital preservation, diversification of operations, disciplined underwriting and conservative investments.
The company is incorporated in the state of Maryland and its corporate office is located at 42 Business Centre Dr., Suite 203, Miramar Beach, FL 32550.
which means they can keep the os down and keep the float tight!
Concordis Insurance SPC(CISPC), a Cayman Island corporation, is a captive insurance company offering a portfolio of products and services that help our clients lower their business insurance by 25% or more. It is especially beneficial for businesses, organizations and associations whose insurance premiums are over $ 50,000 per year.
CISPC specializes in the formation and management of captive insurance companies for small and medium size companies. We provide risk transfer solutions in most all industries including; Real Estate Development, Healthcare, Fuel and Oil, Nursing Home’s, Manufacturing, Automotive, Agriculture and Franchising.
CISPC provides the expertise to form, manage and operate your captive, enabling ownership to retain focus on primary business entities, while engaging a team of experts in the captive industry to effectively manage the compliance, regulations and financial aspects of the supporting captive.
CISPC services assures you will be in a position to capitalize on this viable risk management solution as well as the tax incentives Congress has provided, as has been done by a growing number of large US corporations and multinationals.
The “alternative” or captive insurance market is now estimated at 40% of the total insurance market. Worldwide insurance companies are generating in excess of $ 50 billion per annum in premium income. If companies don’t have an alternative risk management program in place, they may soon be in the minority.
Concordis Group, Inc.(Pink Sheets: CNGI) is a publicly traded diversified financial holding company that provides investment brokerage services and business insurance products for its clients. The company provides those products and services through its two wholly owned subsidiaries: Concordis Insurance SPC and Puritan Securities, Inc.
Concordis Insurance SPC. is a captive insurance company and is licensed to create up to forty-nine(49) individual cells. Each cell will be a separate entity set up for a specific type of risk(workman’s comp.), multiple risk types, one company or a group of companies. Even large associations and organizations can benefit from the company's insurance products.
gottta tighten up that spread and we move up big time
LOL....i just can't understand how they can get away with this stuff.
i believe this is literally the first day we haven't been in the top 10 (front page of ihub) in two close to years...pretty nuts.
Renzi Bros. sues Seaway Valley
By DAVID WINTERS
TIMES STAFF WRITER
SATURDAY, SEPTEMBER 25, 2010
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CANTON — A Jefferson County food service distributor has filed suit against Seaway Valley Capital Corp. and its president, Thomas W. Scozzafava, seeking payment on debt totaling about $120,000.
Renzi Bros., Watertown, is a food service distributor that covers 15 counties in the state, including Jefferson, Lewis and St. Lawrence. The company provided food supplies for North Country Hospitality Inc., which includes Sackets Harbor Brewing Co.; Sackets Cantina; Alteri Bakery, Watertown; Jreck Subs Bakery; Good Fellos, Sackets Harbor, and several Jreck Subs locations.
Seaway Valley assumed a roughly $205,000 debt owed to Renzi Bros. when the holding company merged in June 2008 with North Country Hospitality, St. Lawrence County clerk's office records show.
A year later, Renzi Bros. sued for total payment of the debt, claiming North Country didn't make payments. An agreement was reached to pay off the debt, with Mr. Scozzafava giving "his personal guaranty of payment," records show.
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The lawsuit alleges that Renzi Bros. received 10 payments totaling $100,000 before the money stopped coming in May. The suit states that five payments haven't been made since, including a payment for September.
The debt owed totals $120,554.77. The suit was filed Wednesday.
Mr. Scozzafava didn't respond Friday to an e-mail seeking comment.
Renzi Bros. sues Seaway Valley
By DAVID WINTERS
TIMES STAFF WRITER
SATURDAY, SEPTEMBER 25, 2010
ARTICLE OPTIONS
A A A
print this article
e-mail this article
CANTON — A Jefferson County food service distributor has filed suit against Seaway Valley Capital Corp. and its president, Thomas W. Scozzafava, seeking payment on debt totaling about $120,000.
Renzi Bros., Watertown, is a food service distributor that covers 15 counties in the state, including Jefferson, Lewis and St. Lawrence. The company provided food supplies for North Country Hospitality Inc., which includes Sackets Harbor Brewing Co.; Sackets Cantina; Alteri Bakery, Watertown; Jreck Subs Bakery; Good Fellos, Sackets Harbor, and several Jreck Subs locations.
Seaway Valley assumed a roughly $205,000 debt owed to Renzi Bros. when the holding company merged in June 2008 with North Country Hospitality, St. Lawrence County clerk's office records show.
A year later, Renzi Bros. sued for total payment of the debt, claiming North Country didn't make payments. An agreement was reached to pay off the debt, with Mr. Scozzafava giving "his personal guaranty of payment," records show.
ADVERTISEMENT
The lawsuit alleges that Renzi Bros. received 10 payments totaling $100,000 before the money stopped coming in May. The suit states that five payments haven't been made since, including a payment for September.
The debt owed totals $120,554.77. The suit was filed Wednesday.
Mr. Scozzafava didn't respond Friday to an e-mail seeking comment.