Insure.com, Inc. Announces Name Change to Life Quotes, Inc. and Nasdaq Ticker
Symbol Change to QUOT Effective October 28, 2009
DARIEN, Ill., Oct. 26 /PRNewswire-FirstCall/ -- Insure.com, Inc. (Nasdaq:
NSUR), announced today that it has completed its corporate name change to Life
Quotes, Inc. The Company also announced that its Nasdaq ticker symbol will be
changed to QUOT effective with the opening of the market on October 28, 2009.
"We are very excited about starting this next phase of our corporate life and
we are especially anxious to sharpen our focus to further develop our life
brokerage, remote agent and insurance lead generation activities under the
Life Quotes and Consumer Insurance Guide brand names," remarked Robert Bland,
chairman and CEO. "We think that there's a bright future in serving the
self-directed insurance shopper."
As previously announced on October 9, 2009, the Company sold its Insure.com
brand name, including certain trademarks, urls, websites, website content, and
its insurance articles library for $16 million. The Company initially
acquired those assets in 2001 for $1.6 million.
About Life Quotes, Inc.
Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns
and operates a comprehensive consumer information service and companion
insurance brokerage service that caters to the needs of self-directed
insurance shoppers. Visitors to the Company's flagship Web site
www.lifequotes.com, are able to obtain free, instant car insurance quotes,
instant life insurance quotes, home, business and health insurance quotes from
leading insurers and have the freedom to buy online or by phone from any
company shown. Life Quotes, Inc. generates revenues from receipt of
industry-standard commissions, including back-end bonus commissions and
volume-based contingent bonus commissions that are paid by participating
insurance companies. We also generate revenues from the sale of Web site
traffic and insurance leads to various third parties. Shares of the Company's
common stock trade on the Nasdaq Capital Market under the symbol NSUR.
SOURCE Life Quotes, Inc.
Phillip A. Perillo, Chief Financial Officer of Life Quotes, Inc.,
+1-630-515-0170, ext. 295, phil@lifequotes.com
