Principle Security International, Inc.'s Hotel Umbrella Program Goes National
25 August 2010 - 12:30PM
Principle Security International, Inc. (OTCBB:PCPZ), through its
wholly owned subsidiary Sangamon Associates, Inc., announced today
that their Franchised Hotel/Motel Umbrella Program is now available
in all 50 states. The program is backed by an "A" rated insurance
company and it offers commercial umbrella insurance policies to
limited-service, franchised hotels and motels. The program is open
to all agents.
According to Bill Cleave, President of Sangamon, "Our goal with
this program was to be able to provide a comprehensive umbrella
product from a solid carrier in all states. Further, we designed
the product to provide straight-forward pricing via a streamlined
submission process. The feedback we have received from agents thus
far has been extremely positive."
Mr. Cleave encourages agents to learn more about the program at
the program's website: www.platinumleisure.com. The website
includes a wealth of information on the program, as well as a
"quick indication" engine that provides a non-binding pricing
indication in seconds.
Sangamon Associates, Inc. is part of the Leeward Group of
Companies. Sangamon works with associations to develop specialty
insurance programs for their particular industry or insurance need.
The Franchise Hotel Umbrella Program is only one of the programs
offered by the Company.
Principle Security International, Inc. through its wholly owned
subsidiaries Leeward Group, Inc., Sangamon Associates, Inc.,
Flagship Insurance Agency, Inc., and Leeward Insurance Agency, Inc.
operates a full-service insurance agency and consulting firm
serving businesses and individuals throughout the Northeastern
United States. The Company is based in Pennington, New Jersey and
it has five retail locations. Three of the locations are in New
England while the other two are in the Mid-Atlantic. With licenses
in all 50 States, the Company offers Property & Casualty, Life
& Health and specialty insurance programs for business,
individuals, associations and groups throughout the United
States.
Forward-looking statements:
This press release contains "forward-looking statements", as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including but not limited to: the
marketability or success of the Franchised Hotel/Motel Umbrella
Program or that it will gain acceptance with insurance agents
throughout the United States. The user should read statements that
contain these words carefully because they discuss future
expectations, contain projections of future results of operations
or of financial condition, or state other forward-looking
information. The risk factors listed in our disclosure
documents provide examples of risks, uncertainties and events that
may cause actual results to differ materially from the expectations
and projections described by the Company in its forward-looking
statements. Actual results relating to, among other things,
reserves, results of exploration, capital costs and production
costs could differ materially from those currently anticipated in
such statements. Factors affecting forward-looking statements
include: changes in anticipated acquisition and operating costs;
changes in economic conditions and conditions in the insurance
industry and other financial markets; changes in the interest rates
on borrowings; hedging activities; changes in the prices for
services that the Company provides; litigation; legislation;
environmental, judicial, regulatory, political and competitive
developments in areas in which the Company operates; technological,
mechanical and operational difficulties encountered in connection
with the Company's activities; and labour relation matters and
costs. The user should refer to the risk disclosures set out
in the periodic reports and other disclosure documents filed by the
Company from time to time with the Securities and Exchange
Commission and other regulatory authorities.
CONTACT: Leeward Group, Inc.
A wholly owned subsidiary of Principle Security
International, Inc.
(609) 216-7957
investorrelations@leewardgroup.com
http://www.leewardgroup.com
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