SOURCE: Financial Industries Corporation

May 13, 2008 10:57 ET

Financial Industries Corporation Files First Quarter Earnings Report

AUSTIN, TX--(Marketwire - May 13, 2008) - Financial Industries Corporation (PINKSHEETS: FNIN) today announced that it has filed its report on Form 10-Q for the quarter ended March 31, 2008.

For the three months ended March 31, 2008, FIC's net loss was $813,000, or a basic and diluted loss of $0.08 per common share. This compares to net income of $542,000, or a basic and diluted income of $0.05 per common share, for the same period of 2007.

FIC, through its Investors Life Insurance Company of North America subsidiary, administers a closed block of individual life insurance and annuity 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, 2007, and other filings with the SEC.

Contact Information

  • Contact Information:
    Financial Industries Corporation
    Shannon Coffin
    Phone: 512-404-5550
    E-mail: ir@ficgroup.com