The Amacore Group, Inc. Announces Management and Board of Directors Changes
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LAKE MARY, Fla.--(Business Wire)-- The Amacore Group, Inc., (OTCBB:ACGI), a leader in providing health and health-related programs and other innovative and high-quality solutions through its unique multi-channel distribution system, today announced a number of management and Board of Directors changes. Jay Shafer, formerly President of Amacore, has been chosen to serve as the new CEO and G. Scott Smith, Amacore's Chief Operating Officer, has been selected to serve in the additional capacity as the interim CFO. Effective August 25, 2008, the following have resigned as members of the board and their respective company positions and are becoming consultants to Amacore: Jerry Katzman, M.D., Chief Medical Officer and founder, and Joe Crisafi, CFO. Clark Marcus, CEO and founder, is resigning as CEO but has agreed to continue as Chairman of the Board of Directors. Mr. Guy Norberg, Amacore's Senior Vice President, Sales and Marketing, has been appointed to the Board. Mr. Marcus noted, "We are pleased to have been able to build Amacore from the ground up and bring it to its current level and position in the healthcare industry. We believe it is now time to take a giant step forward, and we believe that step should be taken under the extremely talented leadership of Jay Shafer as CEO and his team. We are confident of the continued rapid growth of Amacore with Jay and his team leading the charge." Jay Shafer stated, "Dr. Jerry Katzman and Clark Marcus, our founders, along with Joe Crisafi, have taken Amacore from a mere idea to now being poised to take its place as one of the dominant forces in the healthcare industry. We are honored that they have entrusted to us the task of taking the company to this next level. With its foundation well established, we are confident of the future success of Amacore." Except for Mr. Shafer and Mr. Marcus, the remaining members of the board have also resigned, making room for the anticipated appointment of Mr. Shad Stastney and Mr. Chris Phillips, both from Vicis Capital. Jay Shafer added, "I would also like to thank each of the outgoing independent board members, Arnold Finestone, William Koch, Sharon Kay Ray and Arthur Yeap, all of who have been with the company since its inception and have played a key role in the success of Amacore to date. My management team and I look forward to the challenges ahead and are very confident of establishing Amacore as a recognized force in healthcare." About The Amacore Group, Inc. The Amacore Group, Inc. (www.amacoregroup.com) 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. The Amacore Group, Inc. Jay Shafer,CEO Jay.shafer@amacoregroup.com or Wolfe Axelrod Weinberger Associates, LLC Stephen D. Axelrod, CFA (Investors) Alisa Steinberg (Media) 212-370-4500 steve@wolfeaxelrod.com alisa@wolfeaxelrod.com Copyright Business Wire 2008
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