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Current Price .81
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****** VGV PRODUCT LINE*****
RSGC - Revenues $ 32,625,000
SGYY - Revenues $ 163,125,000
Strategy International Insurance Group, Inc. Extends Exclusivity Agreement with RS Group of Companies, Inc.
*small excerpt from the article*
TORONTO--(BUSINESS WIRE)--July 27, 2005--Strategy International Insurance Group, Inc. (OTCBB:SGYI - News), and RS Group of Companies, Inc. (OTCBB:RSGC - News) announced today that by mutual agreement the exclusivity period set out in their May 25, 2005 letter of intent has been extended by 60 days to September 25, 2005, to enable Strategy to continue its due diligence and negotiate a merger agreement with RS Group. There can be no assurance that a transaction will result.
About RS Group of Companies, Inc.
RS Group of Companies, Inc. (www.rsgc.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk specialty insurance and reinsurance platforms throughout North America. The company is structured as a holding company for an integrated group of businesses that operates in four distinct operating segments: residential rental services, timeshare affinity program, financial guarantee, and specialty insurance brokerage. Current offerings include RentShield(R) (www.rentshield.com), a Residential Rental Services Program being offered to North America's $300 billion residential real estate rental market, and Value Guaranteed Vacations, Inc.'s timeshare affinity program, VGV(TM) Club (www.vgvinc.com).
About Strategy International Insurance Group, Inc.
Strategy Insurance Limited ("Strategy"), a Barbados-formed and licensed provider of specialty lines of insurance, reinsurance and structured risk underwriting, focusing on credit risk and credit enhancement, is a wholly-owned subsidiary of Strategy Holding Company Limited, a Barbados company which is itself a wholly-owned subsidiary of Strategy International Insurance Group, Inc. (OTCBB: SGYI). Strategy conducts its insurance and reinsurance operations principally through its subsidiary incorporated in Barbados, West Indies. Strategy has offices in Barbados, London and Toronto. As of January 31, 2005, Strategy international had approximately $158 million of assets on its balance sheet which gives the company the ability to write gross premiums in excess of $300 million while maintaining a conservative writings to assets ratio.
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