SOURCE: Prevention Insurance

January 08, 2008 11:21 ET

Prevention Insurance CEO Steps Down and Is Replaced by Mr. Alan P. Donenfeld

LAS VEGAS, NV--(Marketwire - January 8, 2008) - Prevention Insurance (OTCBB: PVNC) announces that the company has completed financing with an institutional investor. The investor is seeking to increase shareholder value by helping with an acquisition or acquisitions to help grow the company. The President and CEO of Prevention, Mr. Scott Goldsmith, has stepped down from his position with the company after 32 years. Mr. Alan P. Donenfeld has assumed the President and CEO positions effective December 31, 2007. Alan P. Donenfeld is an institutional money manager who has over 25 years of experience investing in companies and completing mergers & acquisitions. Mr. Donenfeld believes that Prevention is well positioned to complete a reverse merger with a private company, thereby increasing the shareholder value for Prevention investors.

About Prevention Insurance:

Prevention Insurance is a public insurance holding company that intends to merge with opportunities that will help the company expand into the global markets.

Safe Harbor Statement:

Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements regarding potential future plans and objectives of Prevention Insurance are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Prevention Insurance's control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially depending on many factors, including those described above. Prevention Insurance cautions that historical results are not necessarily indicative of the company's future performance.

Contact Information

  • Contacts:
    Prevention Insurance
    Scott Goldsmith
    (702) 732-2758
    Email Contact

    Alan P. Donenfeld
    Paragon Capital LP
    (212) 593-3157 ph
    Email Contact