DALLAS, Feb. 14, 2005 (PRIMEZONE) -- RG America Inc (OTCBB:RGMI) announces that William Fink has been selected as the Chief Operating Officer (COO) of RG Insurance Services, Inc. where he will be responsible for the agency's day to day operations and managing the sales activities.
"Mr. Fink is a great addition to our team. He is a 23-year financial industry veteran who brings not only experience but the proven ability to grow and diversify our book of business. The success of our agency is a high company priority because not only is it a profit center but as it grows it will also supply the essential infrastructure for the implementation of several of our new targeted financial services for the multi-family and commercial real estate sectors," commented Rick Nelson, President of RG America.
RG Insurance Services, Inc. is aggressively expanding both its personal and commercial insurance lines. Additional producers have been hired and the agency is pursuing several new sources of revenue while continuing to focus on the personalized attention, great customer service and market responsiveness that comes with being an independent agent. "We are excited about adding securities to the financial services we offer our clients. As we prepare to support several product initiatives by RG America, we strongly believe that our expanded portfolio of services and products will drive bottom line growth as well as long term renewal income streams," said Mr. Fink.
RG America is a family of companies offering construction/restoration and financial services and products primarily to the multi-family housing industry. RG Restoration, Inc. ("The Restoration Group") specializes in reconstructing multi-family and commercial properties damaged by fire, flood, hail or wind. RG Insurance Services, Inc. is a full lines insurance agency. It will be the general agency for a proprietary property and casualty insurance product called PropertySMART(sm) that delivers improved service and true cost savings to the multi-family housing industry. RG America also sells several financial services to the multi-family housing market including the innovative Rent Shield program.
This release does not constitute a solicitation/offer to buy any securities. The securities to be offered have not been registered under federal/state laws, and until registered may not be offered/sold in the US, except pursuant to an exemption from, or in a transaction not subject to, the requirements of federal/state laws.
A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.