Concordis Group, Inc. Announces Acquisition of Concordis Insurance

WESTPORT, Conn., Nov. 5  /PRNewswire-FirstCall/ -- Concordis Group, Inc., (Pink Sheets: CNGI) a full service financial and consulting firm, today announced that it has finalized the acquisition of Concordis Insurance. Concordis Insurance provides a variety of custom-tailored insurance solutions to captive programs, risk retention groups, self-insured clients, insurance companies and both public and private entities.

Trent Sommerville, CEO of Concordis Group, stated, "We are thrilled to finalize this great business opportunity. This acquisition is a tremendous next step for Concordis as it will enable us to bring a greater breadth of services to our customers."

About Concordis Group, Inc.

Concordis Group, Inc. has been established as a diversified holding company that provides investment brokerage services and business insurance products for its clients. The company provides these products and services through its two wholly owned subsidiaries: Concordis Insurance SPC and Puritan Securities, Inc. The company's acquisition strategy focuses on finding companies that will create additional synergy and have positive cash-flow, strong growth potential and highly qualified management teams. These industry sectors include financial services and insurance. 

DATASOURCE: Concordis Group, Inc.



CONTACT:  Nathan Lapkin, [phone]

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