Rushmore Financial Group, Inc. Announces Internet
Life Insurance Division
DALLAS, March 1 /PRNewswire/ -- Rushmore Financial Group, Inc. (Nasdaq: RFGI - news) today announced the launch of its
Internet-based life insurance division, RushQuote.com.
RushQuote.com, which can be accessed on the Internet at rushquote.com, will operate as a division of Rushmore Insurance
Services, Inc., (''Rushmore Agency'') a unit of Rushmore Financial Group, Inc. RushQuote.com offers quick and easy access to the
lowest-cost term life insurance premium quotes from many major A to A++ Best-rated life insurance carriers represented by Rushmore
Agency. RushQuote.com will compete in states where it is licensed with such online life insurance quoting services as Select Quote, Quote
Smith, Matrix Direct and others.
''RushQuote.com will enable us to transition from a successful direct mail marketing program to our Internet-based order entry system, and
thus expand our customer base. Being a diversified financial services company also enables us to provide financial planning and securities to
our clients,'' stated Joe A. Prather, CLU, and Director of the RushQuote.com Division of Rushmore Financial Group, Inc.
''Because term life insurance is becoming viewed more and more as a commodity, RushQuote.com will provide us with a strategic
advantage since we represent many different companies,'' commented D.M. Rusty Moore, Jr., Chief Executive Officer of Rushmore
Financial Group, Inc. ''We believe RushQuote.com will allow Rushmore Financial Group to become a significant player in the marketing
and delivery of life insurance products in the 21st century, and we expect it to become a key profit center for our Company.''
Rushmore Financial Group, Inc. is a financial services holding company which provides, through its subsidiaries, a wide range of
investment and insurance services and products to its clients over the Internet and through a national distribution network of securities
representatives and insurance agents. Its investment services business consists of securities brokerage services, mutual fund distribution,
variable life insurance and annuity sales, fee-based advisory services, and other financial services. The Company's insurance services
business selects and markets a wide range of life, disability, accident and health insurance and annuity products. In addition, the Company's
life insurance subsidiary acquires and co-insures up to a 50% interest in policies issued by primary insurance companies that have entered
into modified co-insurance agreements with Rushmore Life Insurance Company.
The Company is headquartered in Dallas, Texas and its common stock is traded on the Nasdaq Small Cap Market under the symbol
''RFGI''.
This press release includes statements which may constitute ''forward-looking'' statements, usually containing the words ''believe'',
''estimate'', ''project'', ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are
not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, changes in regulatory environments,
and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this
release. |
