SOURCE: Wyncrest

April 07, 2011 07:30 ET

Wyncrest Group Develops New Software to Increase Revenues

PALOS PARK, IL--(Marketwire - April 7, 2011) - Wyncrest Group, Inc. (PINKSHEETS: WNCG) subsidiary Southwest Financial Group has developed new software that is instrumental for its American Teachers Retirement Services, LLC organization.

It is a stated strategic direction of our Business Plan to incorporate technology throughout the business units to create a competitive advantage. This will be realized 3 key ways: to maximize each and every sales opportunity, streamline operations and increase the quality of service for their clients. With the development of the "SMART," Superior Maximum Advantage Retirement Technology, system we have created a powerful tool to enhance the field sales agent's effectiveness immediately while providing clients more value.

"SMART" is a sophisticated tool which operates independent of the internet and allows all field agents to consult their clients and prospects on their personal financial situation relative to retirement planning. "SMART" graphically shows various options for consideration to make the entire retirement planning process easier and significantly more valuable.

Through training and implementation of "SMART," American Teachers Retirement Services projects critical strategic gains in the areas of new agent ramp up, increased close ratios and increased levels of financial contributions per sale. Additionally it clearly identifies areas where further opportunities may be pursued in life, auto, home and long term care insurance which can be provided by either American Teacher Retirement Services or affiliate companies.

Mr. Richard Whitaker, President of Southwest Financial Group, commented: "It is exciting when we can introduce a significant change that benefits our clients and at the same time will dramatically increase our top line revenue. This technology will also benefit our recruitment of top agents as we provide them with the tools, training, support and quality products that allow them to be successful quickly. Finally, increased revenues, greater net margins and a stronger relationship with clients is great news for our stakeholders as we continue to build upon our already strong foundation for an even more successful future."

About Wyncrest Group, Inc. (PINKSHEETS: WNCG)

Wyncrest Group, Inc. is a growing financial services organization. Wholly owned subsidiary Southwest Financial Group has been delivering insurance products and financial services since 1994, serving more than 22,000 clients throughout the United States. By developing the growth potential from within its existing businesses and acquiring companies with market share in lucrative financial segments, Wyncrest Group, Inc. is committed to increasing value for shareholders.

"Forward-Looking Statements - Safe Harbor"

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Wyncrest Group, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Wyncrest Group, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contact Information

  • Contact:
    Wyncrest Group, Inc.
    9654 West 131st Street, Suite 215
    Palos Park, IL 60464 USA
    877-303-9590

    Investor Relations
    investor@wyncrestinc.com