IRVINE, Calif., Nov. 29, 2006 (PRIME NEWSWIRE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that its PremierPoint Insurance Services subsidiary has entered into a strategic alliance with Raintree/Robinson & Cooper Insurance to provide specific personal insurance lines designed to serve the staffing industry, which has now reached over $80 billion annually in the U.S., employing nearly 3 million people per day.
The strategic alliance between PremierPoint and Raintree/Robinson & Cooper will enable both entities to capitalize on the rapid expansion of the staffing industry. Over the past few months Sage Global, through its subsidiaries, has significantly broadened its solid base of commercial insurance products through complementary relationships with several Southern California-based staffing companies including Steno Enterprises and Workforce Outsourcing, Inc. These agreements allow Sage Global unique access to a captive client base, now representing nearly 15,000 individuals, to market its broad range of insurance products including health, life, auto and homeowners insurance.
According to data released Monday by the American Staffing Association, the staffing industry employment set another record in the third quarter, despite the summer softening of the nation's economy. U.S. staffing firms employed an average of 2.98 million temporary and contract workers per day from July through September-up 1.4% over the second quarter and more than any previous third quarter-based on data from the ASA quarterly employment and sales survey.
U.S. sales of temporary and contract staffing services totaled $18.2 billion in the third quarter, according to the survey, an increase of 1.9% over the same period last year and a new high for any third quarter on record.
About Raintree/Robinson & Cooper Insurance
Raintree/Robinson & Cooper Insurance has served the Southern California Inland Empire community's insurance needs since 1923. As a full-service, independent insurance agency, it provides competitive coverage for autos, homes, mobile-homes, boats, umbrellas, commercial auto, general liability, commercial property, inland marine, and workers compensation.
About Sage Global Solutions
The mission of Sage Global is to present a full spectrum of insurance and financial services and solutions for small to medium businesses. Sage currently has five wholly owned subsidiaries including; Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, and PremierPoint Insurance Services and JPJ Reinsurance. PremierPoint offers innovative insurance products specializing in Workers' Compensation and the utilization of captive programs. PremierPoint also provides traditional wholesale agency products, program consulting and risk management assistance to insurance agents and carriers. RJC Insurance Services is a premier commercial insurance agency based in Southern California. Express Notary Service, Inc. is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. Online Mortgage Inc. is a lead generation and marketing portal. JPJ Reinsurance issues insurance policies to insurance carriers in select markets for select risks. Over the past several months Sage has taken significant steps toward reaching its goal of becoming a complete insurance and financial services institution and will continue to seek acquisitions, positioning itself as a market leader in a rapidly-growing industry. Visit http://www.sage-global.com for more information.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.