Anthony Clark - Sale of Northern California Agency
Calgary, Alberta CANADA, May 11, 2012 /FSC/ - Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture, ACKBF - OTCBB), announces the sale by its United States subsidiary Addison Bay Insurance Brokers Ltd., of the fixed assets and customers accounts of the Northern California Agency in order to focus its resources in the Company's other existing operations. The Northern California Agency represented approximately 8% of the consolidated revenues.
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
Email: tony.consalvo@aclarkinsurance.com
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"
Tony Consalvo, C.E.O.
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD.
Suite 102, 7909 Flint Road S.E.
Calgary, Alberta T2H 1G3
Tel: (403) 278-8811 - Fax (403) 225-5745
To view this press release as a web page, please click on the following link:
http://www.usetdas.com/pr/anthony05102012.htm
Source: Anthony Clark International Insurance Brokers Ltd. (AC:-TSX.V) www.aclarkinsurance.com
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