AssuranceAmerica Corporation Announces Writing of First Louisiana Policy.ATLANTA -- ASSURANCEAMERICA CORPORATION (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : 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 ), an Atlanta based insurance holding company with operations in Georgia, Florida, 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. , Alabama and Texas announced today that it wrote its first auto insurance policy in the state of Louisiana. In announcing AssuranceAmerica's commencement of sales in Louisiana, Lawrence (Bud) Stumbaugh, 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. , said "Our company isn't attempting to be a 'jack-of-all trades' insurance entity writing auto, homeowners, workers comp and lots of other lines. We are focusing on the non-standard personal auto niche in an attempt to be expert at growing our business the right way as opposed to just growing it any old way. However, we know it is wise to spread risks and enlarge opportunities in any business. Therefore, we diversify, but we do it geographically. Writing our first automobile coverage in Louisiana is a continuation of this strategy and means we are now selling our policies in six states. Our plans call for continuing expansion into additional states." AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Alabama, Florida, Georgia, South Carolina, Texas, and Louisiana. Its principal operating subsidiaries are TrustWay Insurance Agencies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Agency"), which sells personal automobile insurance policies through its 45 retail agencies, AssuranceAmerica Managing General Agency LLC ("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. "), which markets the company's insurance products through over 1,200 participating independent agencies, and AssuranceAmerica Insurance Company ("Carrier"). This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor 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, as discussed in the Company's filings with the U.S. Securities Exchange Commission (SEC). Historical results are not indicative of future performance. |
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