LAKE MARY, Fla. - (Business Wire)
The Amacore Group, Inc., (OTCBB: ACGI), a leader in providing health-related membership benefit programs, insurance programs, and other innovative and high quality solutions to individuals, families and employer groups nationwide, today announced that after just two months of the second quarter 2008 its revenue for the second quarter has already exceeded the total revenue reported for the first quarter 2008 of $5.5 million.
Jay Shafer, President of the Amacore Group, said, “Our strategic distribution channels continue to be the driver of our top line revenue as seen in our sales performance for the first two months of the second quarter. Remarkably, prior to the end of the first two months of Amacore’s 2008 second quarter, we had already exceeded our total top line revenues of $5.5 million achieved during the first quarter of 2008. We fully expect this top line growth pattern to continue for the remainder of the second quarter with our final second quarter revenue exceeding first quarter revenue by no less than 45%. Substantially, all our growth remains organic, driven by our business model and unique and ever-expanding distribution channels. Our operating expenses remain in proportion to, or slightly lower than, first quarter 2008 expenses. We remain solidly on course to attain the revenues and profitability projected in our announcement of April 15, 2008.”
About The Amacore Group, Inc.
The Amacore Group, Inc. (www.amacoregroup.com)
Amacore, through its unique distribution model, has partnered with some of the nation’s top rated carriers to bring to individuals, families and employer groups nationwide a cutting-edge portfolio of health insurance products ranging from traditional major medical insurance to high-deductible plans, Health Saving Accounts, PPO’s, limited medical coverage as well as dental, vision and prescription drug plans. These programs are designed to provide consumers with a broad array of product offerings and choices, and marketing partners with compelling new business opportunities in the multi-trillion dollar healthcare market. Leveraging that unique portfolio, Amacore offers a business partner model that combines development innovation with technology and resource tools that create a partner approach that is industry-leading, supportive and cutting edge. Amacore’s drive for industry leadership began with a clear purpose: to have a positive impact on healthcare in America. Amacore embraces consumer-driven healthcare and works with a variety of partners to educate, advocate, present and provide consumers with the many options available to them. The key to our success has been to implement a strategy that results in giving different customers very unique and compelling reasons to choose Amacore programs. Amacore offers real solutions in the marketplace and is poised for real growth. We are committed to offering the highest quality products with cutting edge and industry leading infrastructure, tools, customer service and support for our partners and clients.
Through its wholly-owned subsidiary, LifeGuard Benefit Solutions, Inc., Amacore now has the ability to provide administrative and back-office services to other healthcare companies, in addition to expanding its own call center capability through its wholly-owned subsidiaries, JRM Benefits Consultants, LLC, and its recently acquired, US Health Benefits Group, Inc. Zurvita, Inc., Amacore’s newly formed, wholly-owned subsidiary specializing in direct to consumer multi-level marketing, provides yet another channel for Amacore’s ever-increasing range of healthcare and healthcare-related products.
This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, including anticipated revenues, anticipated revenue growth, expenses, profitability, losses and profit margins. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of the Company’s future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company’s Annual Report on Form 10-KSB for 2007 filed with the Securities and Exchange Commission, not all of which are known to the Company. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.
Amacore Group, Inc.
Jay Shafer, President
jay.shafer@amacoregroup.com
or
Wolfe Axelrod Weinberger Associates, LLC
Stephen D. Axelrod, CFA (Investors)
Alisa Steinberg (Media)
212-370-4500
steve@wolfeaxelrod.com
alisa@wolfeaxelrod.com
