IRVINE, Calif., Dec. 12, 2006 (PRIME NEWSWIRE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) (Frankfurt Stock Exchange: WKN# A0J265) (Frankfurt:Q9A) announced today that it's PremierPoint Insurance Services subsidiary has joined with GAP Insurance Services to provide a unique identity theft insurance product to the staffing industry on an exclusive basis.
Identity theft is the fastest-growing crime in the U.S., claiming 27.5 million victims since 1997, at a cost of billions of dollars to individuals and businesses. The Federal Trade Commission estimates that as many as nine million Americans have their identities stolen each year. GAP Insurance Services, headquartered in Carlsbad, Calif., is the sole provider of "Group" Identity Theft Coverage through a national carrier rated A++ Superior by A.M. Best.
Sage Global has recently entered into agreements with several firms that service the fast-growing staffing industry, which has now reached over $80 billion annually in the U.S., employing nearly 3 million people per day. Such alliances allow Sage Global unique access to a captive client base, now representing nearly 15,000 individuals, to market its broad range of insurance products. For large accounts and associations, PremierPoint's "Group" identity theft coverage offers a significant cost savings and other benefits to their members and employees.
"Sage Global is quickly positioning itself with a comprehensive suite of high-quality, innovative financial services and insurance products designed for the staffing and labor union markets," said Henry Davidson, president of Sage Global Solutions, Inc. "This agreement will broaden our strong base of commercial insurance products and capitalize on relationships we have established with several staffing firms over the past several months."
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.
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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.