SOURCE: Expert Group

March 23, 2010 13:18 ET

Expert Group, Inc. Acquires EII

MIAMI, FL--(Marketwire - March 23, 2010) - Expert Group, Inc. (PINKSHEETS: EXPU) is proud to announce it will soon offer Insurance products through Expert Insurance, Inc... "EII" will be a full service insurance agency offering Homeowners and Automobile Insurance through a wholly owned subsidiary of the diversified financial services provider, Expert Group, Inc. (PINKSHEETS: EXPU).

Expert Insurance, Inc. will be a full service insurance agency offering consumers across Florida affordable insurance through reputable, top-rated carriers. Through www.expertinsuranceinc.com consumers will be able to access these low rates and receive free, no obligation price quotations on homeowners and automobile insurance products.

In addition to the online quotation systems, Expert Insurance will be expanding all of its current facilities to include Insurance Brokers in addition to its mortgage and title services. This monumental move by Expert Group is placing us at the forefront of our founder, Robert Rico's vision which is to offer residential and commercial real estate services, as well as home and commercial mortgage lending, title closing services, and property and auto insurance through our affiliated companies.

In addition to offering low cost insurance products through the World Wide Web Expert Insurance, Inc. will add a new feature to its Web site called the "Smart Quote Calculator." The Smart Calculator is a simple and easy-to-use tool that estimates the amount of dwelling protection consumers need on their homeowners insurance. By inputting three quick factors, state, zip code and square footage of the property, consumers are instantly given an amount that they can use to help assess their homeowner insurance needs.

Expert Insurance Services, Inc. is based in Miami, Florida. And is a sister company of Expert Financing and Investments, Inc. Both are subsidiaries of Expert Group, Inc, a publicly-held, diversified financial services company founded in 2005.

Robert Rico states, "We are proud to announce that we have commenced the licensing requirements the 4-40/ 220. That will enable us to begin to offer Insurance products to our clients as well as the general public. We incorporated Expert Insurance, Inc and have purchased www.expertinsuranceinc.com the website is under construction so that once we receive all our proper licensing we can begin offering Homeowners Insurance as well as Auto Insurance.

This is a magnificent service to offer as Insurance offers new stream of Revenues. We hope to be fully operational by mid 3rd quarter 2010." 

In 2008 a total of 107.0 billion dollars was written in all insurance premiums in the state of Florida. Please visit www.floir.com

The company will host a conference call on Wednesday of March 24th 2010 at 5:00 pm Eastern time. We will post on our blog the call in number by 10:30 am please visit www.expertfinancing.net and go to our blog link for further info.

As always I would like to invite all past, present and future shareholders to visit our facilities. 

About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiply offices throughout South Florida Expert are rapidly becoming a market leader in the multi billion dollar Florida market. Expert is licensed by the Department of Financial Regulations and a member of FAMB, FHA and VA Lender.

About Expert Financing:
Expert financing offers up-to-date loan programs tailored to all borrowers' needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans of all sizes. Let Expert Find The right Loan for you.

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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