SOURCE: Financial Industries Corporation

June 14, 2007 09:24 ET

Financial Industries Corporation Appoints New Internal Auditor

AUSTIN, TX--(Marketwire - June 14, 2007) - Financial Industries Corporation (PINKSHEETS: FNIN) announced today the appointment of John J. D'Amato as director of internal audit.

D'Amato, most recently a director in KPMG LLP's forensic advisory practice in Hartford, CT, brings more than 17 years of experience in the insurance and insurance-regulatory fields.

"John's audit and advisory experience will be a great addition to the team," said Bill Prouty, FIC's chief executive officer. "We look forward to working with him to strengthen our internal controls and audit processes."

D'Amato previously held accounting positions at The Hartford, CIGNA HealthCare and Aetna and an examiner position with the Connecticut Department of Insurance. He also is a certified public accountant and a certified independent assessor by Insurance Marketplace Standards Association. He earned his Bachelor of Science in business administration from the University of Hartford and is a member of the American Institute of Certified Public Accountants and an associate member of the Association of Certified Fraud Examiners.

FIC, through its Investors Life Insurance Company of North America subsidiary, markets and underwrites individual life insurance products. For more information on FIC, go to http://www.ficgroup.com on the Internet.

Statements in this document relating to future developments, disclosures and other statements that are not historical facts are forward-looking statements. Actual results may differ materially from these forward-looking statements as a result of market conditions, the timing and results of FIC's audits, reviews and filings with regulatory bodies, the interest of and actions by third parties engaging in transactions with FIC and other factors contained in FIC's Form 10-K for the year ended Dec. 31, 2006, and other filings with the SEC.

Contact Information

  • Contact Information:
    Financial Industries Corporation
    Shannon Coffin
    Phone: 512-404-5128
    E-mail: ir@ficgroup.com