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The Amacore Group, Inc. Reviews Current Status


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© Business Wire 2008
2008-11-13 23:12:03 -

www.amacoregroup.com/ - The Amacore Group, Inc., (OTC BB: ACGI), a leader in providing health-related membership benefit programs, insurance programs, and other innovative and high quality solutions to individuals, families and employer groups nationwide, today announced that its new management team has set in place a smooth transition and is continuing to forge forward with its growth initiatives. The Company will be issuing press releases discussing the Company ? s progress and new products that expand Amacore ? s product portfolio in the next few weeks.
Jay Shafer, CEO of The Amacore Group, said, ? I am very pleased with the progress that we have made since the management transition that took place in early September

and we remain highly positive about the new business developments and opportunities that are increasingly available to the Company. In spite of the difficulties in the economy and the recent turmoil in the financial markets, Amacore Group ? s prospects for continuing growth remain strong. We believe this is directly attributable to the unique design of our system of distribution channels which were put in place, and implemented, specifically to accommodate and buffer against various changes in our economy and demographics. ?
Mr. Shafer concluded, ? We look forward to discussing the Company ? s results and new initiatives in the direct to consumer selling market place when we report our third quarter results and fully expect that the new products and services that we intend to bring to market will help sustain Amacore ? s growth in the future. I wish to thank our shareholders for their continued support and understanding during these tumultuous economic times. ?
About The Amacore Group, Inc.
The Amacore Group, Inc. (cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..)
Amacore, through its unique distribution model, has partnered with some of the nation ? s top rated carriers to bring to individuals, families and employer groups nationwide a cutting-edge portfolio of health insurance products ranging from traditional major medical insurance to high-deductible plans, Health Saving Accounts, PPO ? s, limited medical coverage as well as dental, vision and prescription drug plans. These programs are designed to provide consumers with a broad array of product offerings and choices, and marketing partners with compelling new business opportunities in the multi-trillion dollar healthcare market. Leveraging that unique portfolio, Amacore offers a business partner model that combines development innovation with technology and resource tools that create a partner approach that is industry-leading, supportive and cutting edge. Amacore ? s drive for industry leadership began with a clear purpose: to have a positive impact on healthcare in America. Amacore embraces consumer-driven healthcare and works with a variety of partners to educate, advocate, present and provide consumers with the many options available to them. The key to our success has been to implement a strategy that results in giving different customers very unique and compelling reasons to choose Amacore programs. Amacore offers real solutions in the marketplace and is poised for real growth. We are committed to offering the highest quality products with cutting edge and industry leading infrastructure, tools, customer service and support for our partners and clients.
Through its wholly-owned subsidiary, LifeGuard Benefit Solutions, Inc., Amacore now has the ability to provide administrative and back-office services to other healthcare companies, in addition to expanding its own call center capability through its wholly-owned subsidiaries, JRM Benefits Consultants, LLC, and its recently acquired, US Health Benefits Group, Inc. Zurvita, Inc., Amacore ? s newly formed, wholly-owned subsidiary specializing in direct to consumer multi-level marketing, provides yet another channel for Amacore ? s ever-increasing range of healthcare and healthcare-related products.
This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, including anticipated growth, new products and services, new business development and opportunities, anticipated revenues, anticipated revenue growth, expenses, profitability, losses and profit margins. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of the Company ? s future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company ? s Annual Report on Form 10-KSB for 2007 filed with the Securities and Exchange Commission, not all of which are known to the Company. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

Amacore Group, Inc.

Jay Shafer, CEO

mailto:Jay.shafer@amacoregroup.com

or

Wolfe Axelrod Weinberger Associates, LLC

Stephen D. Axelrod, CFA (Investors)

Alisa Steinberg (Media)

212-370-4500

mailto:steve@wolfeaxelrod.com

mailto:alisa@wolfeaxelrod.com


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