Corniche Group Incorporated Elect Joseph Raftery and Paul Harrison to the Board Of Directors.Business Editors & High-Tech Writers EULESS, Texas--(BUSINESS WIRE)--June 30, 2000 The Corniche cor·niche n. A road that winds along the side of a steep coast or cliff. [Short for French route en corniche : route, road + en, on + corniche, Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNGI CNGI China Next Generation Internet ) today announced the appointment of Joseph Raftery and Paul Harrison as outside directors. Corniche Group is a leading online provider of extended warranties through www.warrantysuperstore.com. Mr. Raftery has served as Chairman, a member of the Board of Directors and president of BankAmerica Insurance Group, Inc. a subsidiary of BankAmerica Corp., based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . Mr. Harrison was a senior executive at Salomon Brothers in Europe and is currently a director of Transmedia Europe, Inc., an international online-offline member benefit affinity marketing company (Symbol:MBTE MBTE Methyl Tertiary-Butyl Ether (fuel additive) ). Commenting on the appointment James Fyfe, Chairman, said, "We are delighted that Joe and Paul have joined our Board. Joe has a tremendous amount of Banking and Insurance experience that will be invaluable as we develop financial partnerships. Paul's background in marketing and investment banking is a natural fit for Corniche Group. Both of these gentlemen will only assist in accelerating the company's goal to achieve operating profitability." Paul Harrison said, "I am delighted to become a director. The company is now at a very exciting stage of its development. I believe that the Warranty Superstore business model, in providing extended warranty products over the Internet, at a substantial saving to its competitors, is very well positioned to take advantage of the enormous growth potential within the sector." "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. " Statement under 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: To the extent that this news release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results and other risks, detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause the Company's actual results from the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. |
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