Concordis Group Inc (CNGI)

[NYC Trader]

CNGI that is true, we could be hearing a followup on this news in the near future:
DESTIN, Fla., Oct. 19, 2012 /PRNewswire/ -- Concordis Group, Inc. (OTC Markets: CNGI), a growing financial holding company, today announced its CEO Thomas C. Blake is currently in the process of signing a letter of intent on the purchase of a domestic insurance company, as previously announced on Oct 4, 2012.

The Property and Casualty Insurance company, based out of Utah, specializes in construction insurance, receives between eleven to twelve million in premiums, and is admitted to do business in four states.

Mr. Blake stated, "We expect to announce the signing of the letter of intent within the next ten days."