Few things from 10k
They have 85 employees
Our Wholesale Plans division currently delivers membership plans to over 210 companies, including rental purchase dealers, insurance companies, financial institutions, retail merchants, and consumer finance companies. Our Retail Plans are offered at over 7,000 retail locations. Our Insurance Marketing division currently sells the products of approximately 15 major insurance carriers.
The Retail division is comprised of the membership business of Alliance Healthcard, The Capella Group, Inc. and Protective Marketing Enterprises, Inc.
Growth for our commission revenue is based on continued recruitment efforts of agents and the resulting penetration of the individual, family and small business health insurance markets, driving a corresponding growth in the number of policies in force. We estimate that as of September 30, 2009 we had approximately 24,000 policies in force compared to an estimated 22,000 policies in force at April 1, 2009.
On November 18, 2009, the Company’s board of directors approved the prepayment of the remaining balance, net of a 10% discount, of the notes payable to related parties by December 31, 2009. Balance was $1.086 million.
