SOURCE: Expert Group

January 31, 2011 10:14 ET

Expert Group, Inc. (O.T.C. EXPU) Expert Insurance, Inc. Licensing Update with Allstate Insurance Company.

MIAMI, FL--(Marketwire - January 31, 2011) - Expert Group, Inc. (PINKSHEETS: EXPU) is proud to announce that it has received first approvals from Allstate for Expert Insurance, Inc.

"This transaction is a natural extension of our long-term company's specialty lines focus," said Robert Rico, Chairman and Chief Executive Officer, Expert Group, Inc. "Allstate is a leader in the insurance business, and over the course of our new relationship with them, we have been impressed by their best-in-class management team and the strength and reputation across North America. We want to offer the best products in the market and choosing the right carriers is extremely important. The addition of ALLSTATE to Expert Group is financially attractive to Expert and will produce results that are immediately accretive to our earnings, return on equity and book value per share," said Mr. Rico. We have received our first approvals from ALLSTATE and are in the middle of our 220 licensing process. Our projections indicate an increase of 200% in our revenues for 2011. Offering Homeowners Insurance is a natural fit to our mortgage banking. We will also concentrate our effort in Auto as well as life Insurance products.

The transaction is subject to regulatory approvals.

The Allstate Corporation is the holding company for Allstate Insurance Company, the second largest property and casualty insurance company by premiums in the United States. Allstate controls about 12 percent of the U.S. home and auto insurance market, second only to State Farm Insurance Companies. In addition, Allstate Life Insurance Company offers life, annuity, and pension products, and its Business Insurance offers select coverages for small and medium-sized businesses. Allstate's 20 million customers are served by 15,200 full-time "captive" agents, and thousands of independent agents, in the United States and Canada. Personal property and casualty policies account for over three-fourths of Allstate's revenue, while Life Operations account for 15 percent. In June 1993, Sears, Roebuck and Co. offered nearly 20 percent of Allstate's stock to the public in the largest initial public stock offering in U.S. history, making Allstate the nation's largest publicly held personal property and casualty insurance company. The remaining 80 percent of Allstate became publicly owned in 1995, when Sears spun the rest of the company off to its shareholders.

About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments, Expert Group Title Services and Expert Financing, Inc. Expert is licensed by the Department of Financial Regulations and a member of FAMB, FHA and a provider of ATM services.

Expert Group, Inc. d.b.a. Expert Financing, Inc -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked Mortgage Banking firms in the industry, specializing in providing financing for all types of Real Estate related transactions, including but not limited to residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages.

As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up to date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans.

 Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves many realties as their mortgage bankers and has closed 100's of million in loan originations. Visit our website for more information:

www.expertfinancing.net

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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