DESTIN, Fla., July 22 /PRNewswire-FirstCall/ -- Concordis
Group, Inc. (Pink Sheets: CNGI), a growing financial holding
company, today announced the appointment of Mark C. Foster to its Board of Directors.
The expansion of Concordis Group's Board of Directors "ensures
the company will continue to benefit from a diversity of experience
and opinions. Mark's proven leadership skills, broad
management experience and reputation as an independent thinker will
be of great value to me and the company," said Trent S. Sommerville, Chairman and CEO of
Concordis Group, Inc.
Mr. Foster serves as the General Partner of Foster Enterprises,
a successful real estate and development company located in
Foster City, California. Mr.
Foster is responsible for the overall strategic positioning of the
company with a focus on determining which markets and product types
are expected to deliver the superior returns that have been a
trademark for Foster Enterprises.
Previously Mr. Foster served as the Project Manager of
Wellington Homes, a development subsidiary of Foster Enterprises
which has developed thousands of homes throughout the continental
United States and Hawaii. He has held other positions
including Project Manager for Raiser Development, at the time, one
of the largest commercial office developers in the San Francisco Bay Area.
Mr. Foster stated, "I have firsthand knowledge of how much money
has been wasted over the years insuring our real estate projects.
If we had known about and understood the value of
implementing a captive insurance company, we could have saved the
company tens of thousands of dollars."
Mr. Foster received his BA in Economics from the University of Colorado.
About Concordis Group, Inc.
Concordis Group, Inc. is a diversified holding company that
provides business insurance solutions through its two wholly own
subsidiaries: Concordis Insurance SPC(CISPC) and Concordis Capital,
Inc.(CCI). CISPC, a Cayman Island corporation, is a captive
insurance company that specializes in structuring and managing
alternative risk management solutions for mid-market companies.
CCI, a Florida corporation,
provides captive cell funding for CISPC and other businesses and
organizations.
Concordis Group's business strategy is based upon strong organic
growth combined with strategic acquisitions of companies in the
financial services and insurance industries that create additional
synergy, have positive cash-flow, exhibit strong long-term growth
potential, and have highly qualified management teams.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the safe harbor created by those sections. There are many
factors that could cause the Company's expectations and beliefs
about its operations, its services and service offerings, its
results to fail to materialize. All forward-looking statements in
this press release are based on information available to us as of
the date hereof, and we assume no obligation to update these
forward-looking statements.
SOURCE Concordis Group, Inc.