SOURCE: Leeward Group Holdings, Inc.

September 16, 2010 06:30 ET

Leeward Group on the Verge of Being in the Top 30% of Agencies in the US

PENNINGTON, NJ--(Marketwire - September 16, 2010) -  Leeward Group Holdings Inc. (OTCBB: PCPZ) is on the verge of being among the top 30% of independent insurance agencies in the United States and the Company is moving closer to its goal of being named as a Top 100 Agency. Based on a 2008 study by the Independent Insurance Agents & Brokers of America: 68% of the independent insurance agencies sampled have $1.25 Million or less in Commission Income. Leeward Group finished 2009 with over $10 million in premiums and over $1 million in commission income.

The Company anticipates that it will be in the top 30% of independent insurance agencies by the end of this year. Thus far in 2010, the Group added three new sales people and closed on one agency acquisition (December 2009). These additions should assist in aiding Leeward's growth in 2010 and beyond. According to Kevin Coughlin, CEO of Leeward Group, "Our goal is to be a top 100 agency within a short time period. We estimate that it will take about $80 Million in premiums to make the list. We have not had a shortage of agency owners approaching us about selling their agency."

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 may be in the top 30% of independent insurance agencies by the end of this year, Leeward's growth in 2010 and beyond, that it may be a top 100 agency within a short time period, or that the Company may achieve $80 Million in premiums. 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.

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