Business & Finance
Business and Finance
Business and Finance
Tue, June 22, 2010
Mon, June 21, 2010 Kingsway announces investment in JBA Associates, Inc.
TORONTO, June 21 /CNW/ - Kingsway Financial Services Inc. (NYSE, TSX: KFS) (the "Company") announced today that it has made an investment in JBA Associates, Inc. ("JBA"), following which the Company will have 100% interest in JBA. JBA is a managing general agency that specializes in assigned risk automobile insurance.
About Kingsway Financial Services Inc.
Kingsway Financial Services Inc. focuses on non-standard automobile insurance in the United States of America. The Company's primary businesses are the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The common shares of the Company are listed on the Toronto Stock Exchange and the New York Stock Exchange, under the trading symbol "KFS".
Forward Looking Statements
This press release includes forward-looking statements that are subject to risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "intend", "forecast" or similar words are used to identify such forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management of the Company. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the Company's securities filings, including its 2009 Annual Report under the heading Risk Factors in the Management's Discussion and Analysis section. The securities filings can be accessed on the Canadian Securities Administrators' website at [ www.sedar.com ], and on the EDGAR section of the U.S. Securities and Exchange Commission's website at [ www.sec.gov ] or through the Company's website at [ www.kingsway-financial.com ]. The Company's disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
