AssuranceAmerica Corporation Announces Selection by Atlanta Journal-Constitution to Top 100 of `Georgia's Best in Business' and #3 in Return on Equity Growth.ATLANTA -- Atlanta-based ASSURANCEAMERICA CORPORATION (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: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), today announced its selection to "Georgia's Best in Business." For the tenth year in a row, PricewaterhouseCoopers analysts have ranked Georgia's publicly held companies for the Atlanta Journal-Constitution to determine a list of "Georgia's Best" 100. Size alone does not determine ranking although some very large companies like Coca-Cola, Southern Company, Georgia-Pacific, Crawford & Co., and BellSouth made the list -- all of which were ranked below AssuranceAmerica's overall ranking of 52nd best in Georgia. Only two companies exceeded AssuranceAmerica's third place listing for return on equity with a 225.42% year-over-year improvement. Five variables determine whether a company made the top 100. They are (1) revenue, (2) year-over-year revenue change, (3) annual change in profit, (4) return on equity, and (5) change in stock price. President and 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. , Lawrence (Bud) Stumbaugh commented, "That we qualified for the second year in a row is noteworthy because we have been eligible for consideration for only two years. It shows consistency in both our plan and its execution. We are especially pleased that our growth in return on equity placed us as third best of the 100 companies that made the list. Our team is committed to continuing the steady progress of the past into the future and will diligently work to improve our ranking in future lists." AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Florida, Georgia, Alabama and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Its principal operating subsidiaries are TrustWay Insurance Agencies, which sells personal automobile insurance policies through its 32 retail agencies, AssuranceAmerica Managing General Agency, and AssuranceAmerica Insurance Company. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. |
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