SOURCE: NIS Holdings Corp.

January 25, 2011 18:35 ET

NIS Holdings Corp. Announces Changes to Board of Directors

Three New Highly Accomplished Business Leaders Are Added to the Board as One Resigns

NEW YORK, NY--(Marketwire - January 25, 2011) - NIS HOLDINGS CORP. (OTCQB: NISC) (PINKSHEETS: NISC) today announced that its board of directors has three new members effective October 1, 2010. These appointments usher in a new era for the company which will soon be communicating its new goals.

The new directors are:

Cristo Kiltsikis, who holds a MCom in Financial Management Sciences from the University of Pretoria, South Africa and an M.B.A. from the New York College of Athens, Greece. Since September 2005, he has been the Co-Founder and CEO of Infinite Data Technology SA, a company specializing in online transaction processing for banking institutions and private enterprises.

Vassiliki Anagnostou holds a University Degree in European Culture Studies from the School of Humanities, University of Patras, Greece. Her work experience includes public tender projects participation and implementation in Telecommunications and the IT field. Since 2005 she was involved with EU funded projects implementation and management, in small and medium sized enterprises, in the tourism sector. 

Albert Ng is a Fellow member of the Association of Chartered Certified Accountant, United Kingdom, and member of the Certified General Accountants Association of British Columbia, Canada. Since 2005, he has held the positions of Chief Financial Officer of Malaysia-Beijing Holdings Sdn. Bhd., a private holding company in Kuala Lumpur, Malaysia, and Director of Finance of Nagamas International Berhad, a public company listed on the Kuala Lumpur Stock Exchange of Malaysia.

In addition, NIS HOLDINGS announced that the Board of Directors accepted the resignation of Brian Stewart as President, Secretary, and Treasurer and Director. Brian was a valuable part of our company and was responsible for leading it to where it starts from today.

The addition of these new directors will diversify the outstanding talents and wide-ranging experience that our directors bring to NIS HOLDINGS. Each is a widely respected and deeply experienced business leader, and together they will provide our board and management team with new insight and perspectives relating to the rapidly changing industry.

We are confident that NIS's stockholders, customers and employees will benefit from all of our talents and ideas, and we look forward to working closely with the management team as we pursue the exciting opportunities in front of us, all three concluded in their statement.

This document was produced by and the opinions expressed are those of NIS HOLDINGS CORP. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of NIS HOLDINGS CORP. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but NIS HOLDINGS CORP. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

This release may contain forward-looking statements, including, without limitation, statements containing the words "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," and "continues," as well as similar expressions. Such forward- looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Galapagos, or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. NIS HOLDINGS CORP. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.

Contact Information

    Ms. Vassiliki Anagnostou