Canada Brokerlink Inc. Acquires Crossfield Brokerage.CALGARY, ALBERTA--(BUSINESS WIRE)--April 2, 1997--Canada Brokerlink (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CKK CKK Courtney Killed Kurt CKK Cyanogen Chloride .) Canada Brokerlink Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CKK) is pleased to announce the acquisition of Crossfield Insurance Brokers Ltd. of Crossfield, Alberta Crossfield is a town (incorporated) in southern Alberta, in Canada. Crossfield is located 43 kilometers or 27 miles north of the City of Calgary, on Highway 2. , as of March 31, 1997. The acquisition adds $2.3 million to CBL's annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. gross premium volume. Crossfield Insurance Brokers Ltd. is the only brokerage serving a trading area of about 10,000 people in and around Crossfield. The community, considered one of Calgary's 'bedroom communities', also contains a significant number of residents who operate older, second and third-generation farms. Crossfield concluded Canada Brokerlink's first-quarter acquisition schedule. Other first-quarter acquisitions included: - Wessex Insurance Services Ltd., of Calgary. - Goodhew and Milgate Insurance Ltd., of Calgary. - Jepson Insurance Services Ltd., of Calgary. - Lou Gobel Insurance (1985) Ltd., of Calgary. - Don E. Duholke Agencies Ltd., of Calgary. - Roan roan a coat color consisting of a relatively uniform mixture of white and colored hairs, giving a 'silvered' hue; self-describing colors are red-roan, blue-roan, chestnut roan. Insurance Ltd., of Calgary. - York & York Ltd., of Edmonton. - Reliance Insurance Agencies Ltd., of Calgary, Taber and Brooks. In addition, Canada Brokerlink signed agreements, with options to acquire, to manage the following: - Wray-McRae Agencies (1980) Ltd., of Turner Valley Turner Valley, village (1991 pop. 1,352), SW Alta., Canada, at the foot of the Rocky Mts., on the Sheep River, SW of Calgary. It is in the center of the Turner Valley oil and natural gas fields, opened in 1914. The village has sulfur and propane and pentane gas plants. . - Reliance Insurance Agencies Ltd., of Medicine Hat. CBL Cbl cobalamin. has also signed as member brokerages: - A start-up operation in Vegreville - F. Nudd and Associates of Calgary As of March 31, 1997, the Calgary-headquartered company had 38 owned, managed and/or member brokerages throughout urban and rural Alberta. Canada Brokerlink Inc. is one of Canada's largest insurance brokerage operators. CBL increases the profitability of small and medium-sized brokerages by more efficiently integrating them with insuring companies through leading-edge communication and management systems. These systems allow brokers to spend a far greater portion of their time on actual sales and customer service. As it enters the second quarter of 1997, the company plans to continue its aggressive acquisition schedule to expand its Alberta base, and to grow into new Canadian markets. ASE Listing Date - December 12, 1996 -0- The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Canada Brokerlink Inc. Rick Grass, 403/ 218-1300, 800/361-6168 or Mike Santiago, C.A., 403/ 218-1300, 800/361-6168 |
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