SOURCE: American Physicians Service Group, Inc.

June 15, 2005 14:15 ET

American Physicians Service Group, Inc. Announces Election of Mr. Lew Little to Board of Directors

AUSTIN, TX -- (MARKET WIRE) -- June 15, 2005 -- American Physicians Service Group, Inc. ("APS") (NASDAQ: AMPH) today announced that Lew N. Little, Jr. was elected by the Company's shareholders to its Board of Directors. Mr. Little will also serve as a member of the Board's Audit and Compensation Committees.

Mr. Little has been Chief Executive Officer of Harden Healthcare, LLC., a holding company that, through its subsidiaries, operates and manages skilled nursing facilities, a rehabilitation company and a pharmacy. Mr. Little was President of Capstar Partners, LLC., a private investment company, from February 2000 until joining Harden Healthcare. Prior to his association with Capstar, Mr. Little had spent 18 years in the banking industry, most recently as President of Bank of America in Austin, Texas.

APS' President and Chief Executive Officer, Ken Shifrin, commented, "We are pleased and fortunate to have Mr. Little on the APS Board. Lew's strong entrepreneurial spirit is evidenced by his recent selection as an Ernst & Young Entrepreneur of the Year. Lew also brings us exceptional operational and financial skills and we look forward to his positive contributions to the Company."

APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors; and brokerage and investment services to institutions and high net worth individuals. The Company is headquartered in Austin, Texas, and maintains offices in Dallas and Houston.

This press release includes forward-looking statements related to the Company that involve risks and uncertainties that could cause actual results to differ materially. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect the Company's future results, please see the Company's recent filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations. Copies of the filings are available upon request from the Company's investor relations department.

Contact Information

  • For further information,
    visit APS' website at www.amph.com or contact:

    Mr. Kenneth Shifrin
    Chairman of the Board (or)
    Mr. W. H. Hayes
    Sr. Vice President - Finance
    American Physicians Service Group, Inc.
    1301 Capital of Texas Highway, C-300
    Austin, Texas 78746
    (512)328-0888