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Kingsway announces the sale of Zephyr Insurance Company, Inc.
Posted by: gurufocus (IP Logged)
Date: September 9, 2009 05:11PM
Press Release: Kingsway announces the sale of Zephyr Insurance Company, Inc.
Zephyr is a specialty property insurance company founded specifically to protect
Kingsway anticipates receiving initial gross proceeds from the transaction of
de Jonge LLC and FL Advisors, LLC are acting as the financial advisors and
About the Company
Kingsway focuses on non-standard automobile insurance in
This press release includes forward-looking statements that are subject to risks and uncertainties. These statements related to future events or future performance and reflect management's current expectations and assumptions. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "intend", "forecast" or similar words are used to identify such forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management of Kingsway. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see Kingsway's securities filings, including its 2008 Annual Report under the heading Risk Factors in the Management's Discussion and Analysis section. The securities filings can be accessed on the Canadian Securities Administrators' website at www.sedar.com, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov or Kingsway's website at www.kingsway-financial.com. Kingsway disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: PRNewsWireKFS is in the portfolios of Charles Brandes of Brandes Investment.
Stocks Discussed: KFS,