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Canada Business News and Press Releases
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(EMAILWIRE.COM, February 28, 2011 ) Montréal, Québec - Buysstocks.com (http://buysstocks.com), a premier source for top penny stocks research and publishers of Penny Stock Trader newsletter, issues top stock alert for the following companies (DGIN).
Diversity Group International (PINKSHEETS: DGIN) today announced that it is in preliminary discussions regarding their Interest Rate Management Account (IRMA) and Interest Rate Optimization Strategy (IROS) programs with the premium financing industry's largest bank.
"Through this relationship, we will offer the first complete premium financing, risk-management solution potentially endorsed by this bank," says Diversity Group's CEO Kevin Bobryk.
The discussions come as a result of the joint venture agreement forged with DGI's partner Northstar Brokerage. With Northstar maintaining relationships with more than 30+ insurance carriers and 10+ banks, the discussion is expected to lead to the development of an innovative and exclusive approach to the management of interest rate risks for the premium finance industry.
"This development marks a new gold standard in premium financed insurance," says Bobryk. "We will be the only team with a complete premium finance insurance package and a solution to manage interest rate exposure. We expect this marketing channel to potentially result in a significant increase in our sales estimates while reducing our marketing costs. The bank is currently financing one new case a day and has an existing portfolio of over 4 billion dollars in premium financed client loans."
Once this relationship is established, DGI intends to pursue additional banking relationships to extend its global reach. On an annual basis, these banking relationships represent a large portion of the 40 billion dollars in insurance premiums financed annually. Securing this initial key relationship, the company expects to dramatically improve its pro-forma revenue forecasts.
About Diversity Group International Inc.: Diversity Group International (DGI) is a U.S. based company listed under the symbol DGIN. DGI specializes in the development and delivery of interest rate, currency and Insurance related products and services in both the domestic (U.S.) and International markets.
About Northstar Brokerage: Northstar Brokerage is a national Life, Annuity, LTC and Disability Brokerage organization providing top contracts, services and products to 15 regional and national wholesaling firms, currently 5 broker-dealers and more than 1600 professional Advisors in 21 states. As a national marketing firm Northstar Brokerage and its partner affiliates generate in excess of $300 million in sales annually.
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Buysstocks.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
FORWARD-LOOKING STATEMENT:
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
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Walid Moudjed
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