Here is the first news release from Business Wire today
(BSNS WIRE) USAsurance Names Roy C. Franks President and Director
USAsurance Names Roy C. Franks President and Director
Business Editors
DALLAS--(BUSINESS WIRE)--July 8, 1999--USAsurance Group, Inc.
(OTC BB: UASG) announced today the appointment of Roy C. Franks as
President and a Director of the company.
Franks was part of the early management team of 2Xtreme
Performance International LLC, a company engaged in direct and
multilevel marketing of vitamins, health products and nutritional
supplements, which was acquired by USAsurance in February, 1999. He
joined 2Xtreme as Sales Manager in 1997 and became Director of Sales
in March 1998.
"We're delighted to appoint Roy to this crucial position as we
focus our corporate business model toward e-commerce," said Matthew
Kavanagh, Director and Corporate Secretary. "During his tenure
directing at 2Xtreme, the company derived 80 percent of its revenues
from direct marketing activities and his experience and business
acumen will contribute greatly to our efforts to integrate direct
marketing, network marketing and Internet marketing."
Mr. Franks received a Bachelor of Business Administration degree
in Finance from North Texas State University.
USAsurance, through its wholly owned subsidiaries, is a direct
and network marketing company based in Dallas, Texas. The company
markets and distributes a wide range of health, fitness, personal care
and technology products through its distributor base as well as by
direct marketing through the Internet.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the Company's products, increased
levels of competition for the Company, new products and technological
changes, the Company's dependence upon third-party suppliers,
intellectual property rights and other risks detailed from time to
time in the Company's periodic reports filed with the Securities and
Exchange Commission.
--30--MG/dx*
CONTACT: Global Financial Resources, Inc.
Gary Smolen, 877-822-UASG
gsmolen99@yahoo.com
KEYWORD: TEXAS COLORADO
INDUSTRY KEYWORD: RETAIL MANAGEMENT CHANGES
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