AssuranceAmerica Corporation Announces Profit On 98% Increase In April '04 Revenue Over April '03.Business Editors ATLANTA--(BUSINESS WIRE)--May 25, 2004 As he announced a profitable April '04, Bud Stumbaugh, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AssuranceAmerica Corporation (ASAM ASAM American Society of Addiction Medicine ASAM Advanced Surface-to-Air Missile ASAM Advanced Services Access Manager ASAM ATM Subscriber Access Multiplexer (Alcatel) ASAM Association for Solidarity with Asylum Seekers and Migrants .OB), said, "Revenue in both retail operation (TrustWay and AssetAmerica Insurance Agencies) and the wholesale operation (AssuranceAmerica MGA (1) (Monochrome Graphics Adapter) A display adapter that employs Hercules Graphics, combining graphics and text on a monochrome monitor. (2) (Matrox Graphics Accelerator) A trade name used by Matrox Graphics Inc. and AssuranceAmerica Insurance Company) increased. On a consolidated basis, premium in April '04 grew from $4.6 mil in '03 to $5.8 mil in '04 and revenue grew from $1.1 mil in '03 to $2.0 mil in '04." Stumbaugh further said, "The company achieved a modest profit in April '04 over a lost of $94,000 in April '03." This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. |
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