2014-03-04 22:45:25 -
Calgary, Alberta CANADA, March 04, 2014 /FSC/ - Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),announces the sale by its United States subsidiaries Addison York Insurance Brokers Ltd. and American Edge Insurance Services Ltd. of their customer accounts and fixed assets. With the sale of the Virginia Agency the Company no longer has operations in the US. The net proceeds from the sale were used to pay down the US notes payable.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact:
Anthony Clark International Insurance Brokers Ltd.
Mr. Tony Consalvo, C.E.O.
Telephone: (403) 225-5100
Except for the historical information contained
herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statement inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporation's ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporation's public filings under "Risk Factors". The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
On behalf of
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD.
Tony Consalvo, C.E.O.
To view the press release as a PDF, please click on the following link:
Source: Anthony Clark International Insurance Brokers Ltd. (AC:-TSX.V) www.aclarkinsurance.com
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