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To: Tim McCormick who wrote (19244)	3/21/2000 12:31:00 AM
From: Dwight E. Karlsen	Respond to of 42523

Here's one that will get a visit from Realman tomorrow: biz.yahoo.com Tuesday March 21, 12:10 am Eastern Time E.W. Blanch issues steep Q1 profit warning DALLAS, March 20 (Reuters) - Risk management firm E.W. Blanch Holdings Inc. late Monday said its first-quarter profits will significantly miss expectations due to a number of factors. The company said it expects quarterly earnings of 10 cents to 35 cents per share, compared with analysts expectations of 95 cents per share, according to First Call/Thomson Financial. The results will depend, the company said in a statement, ``on whether certain revenue opportunities close before the end of the quarter.' First quarter earnings, for the period ended March 31, a year ago were 70 cents per diluted share. The company said the shortfall was due to a decline in domestic revenues from 1999 due to workers compensation reinsurance placements and large non-recurring transactions as well as lower than anticipated earnings from international operations. Also contributing to the loss was the the timing of ``certain anticipated significant transactions,' the company said in a written statement. [basically everything sucks] A call to the company late Monday seeking further comment was not immediately returned. The release did not say how full-year earnings would be impacted, which analysts had targeted at $3.74 per share. The company also said that Rodman Fox resigned, effective immediately, from the company's board of directors and as president and chief operating officer of the company's E.W. Blanch Co. subsidiary. His responsibilities will be assumed by Chris Walker and Kaj Ahlmann. They will each retain their existing titles. Ahlman is the company's vice chairman and Walker is president and chief operating officer of the company, and chief executive officer of the E.W. Blanch Co. subsidiary. ``While we are clearly disappointed in our anticipated first quarter results, we have great confidence in our ability to continue to grow,' said Ted Blanch, the company's chairman and chief executive officer. ``Our core brokerage and service revenues remain stable, and we have a number of significant transactions in the pipeline. Cost savings and continued increased profitability are expected in our international operations, now that we have completed the integration of our recent Crawley Warren acquisition,' he said. ``We also have made a number of valuable investments that we expect to reap the benefits on in the future.' The stock closed at 55- on Monday.