SOURCE: Leeward Group Holdings Inc.

September 21, 2010 07:00 ET

Leeward Group Initiates Push Into Life & Health Insurance

PENNINGTON, NJ--(Marketwire - September 21, 2010) -  Leeward Group Holdings Inc. (OTCBB: PCPZ) announced today that it is initiating its marketing push into Life and Health insurance. Leeward Group has an agency foundation for property and casualty insurance that will serve as the launching pad for this initiative. Last year in the United States, Life & Health insurance premiums accounted for an estimated $600 Billion. Health insurance is one of the largest employer expenses after payroll.

Kevin Coughlin, CEO of Leeward, stated that, "We are aiming to grow this segment of our business. With the new pending health insurance regulations, companies and individuals will need solutions. We have a number of initiatives that we will be executing that we hope will increase our presence in this segment of the market."

Leeward Group Holdings Inc. through its wholly owned subsidiaries operates a full-service insurance agency and consulting firm serving businesses and individuals throughout the Northeastern United States.

The Company is based in Pennington, New Jersey and it has five retail locations. Three of the locations are in New England while the other two are in the Mid-Atlantic. With licenses in all 50 States, the Company offers Property & Casualty, Life & Health and specialty insurance programs for business, individuals, associations and groups throughout the United States.

Forward-looking statements:

This press release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to: that the Company's initiatives will increase its sales in group health sales or that changes in regulations may have an adverse effect on group health sales. The user should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. The risk factors listed in our disclosure documents provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by the Company in its forward-looking statements. Actual results relating to, among other things, reserves, results of exploration, capital costs and production costs could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: changes in anticipated acquisition and operating costs; changes in economic conditions and conditions in the insurance industry and other financial markets; changes in the interest rates on borrowings; hedging activities; changes in the prices for services that the Company provides; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which the Company operates; technological, mechanical and operational difficulties encountered in connection with the Company's activities; and labour relation matters and costs. The user should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by the Company from time to time with the Securities and Exchange Commission and other regulatory authorities.

Contact Information