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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (448)	3/24/2006 10:54:20 AM
From: Rollcast...	Respond to of 3862

Interesting resumes on NAO-U... Couln't help but notice that the strong ties to the underwriter of the offering - yet they still fell short of their intended raise... not necessarily a good sign. Expertise of Directors and Officers We draw together six individuals from the insurance and financial services industries. Scott A. Levine, William R. de Jonge, Francis E. Lauricella, Jr., Paula S. Butler, Laurence N. Strenger and E. Miles Prentice III have a broad record of accomplishment in insurance company management, corporate investing and/or general finance. Mr. Levine was a managing director and the head of the insurance products group and the mergers and acquisitions department at J.P. Morgan and has served as an executive officer at American International Group, Inc. (AIG) and Zurich Centre Group, a multinational insurance and financial services firm. Mr. de Jonge was a managing director and a principal of CRT Capital Group LLC and held several positions during a 19-year career at J.P. Morgan, including managing director of that firm's mergers and acquisitions department and head of its consumer products mergers and acquisitions group. Mr. Lauricella is the managing director of FL Advisors, LLC, an advisory firm to financial services companies and has more than 19 years experience working with insurance and financial service company clients, including serving as a managing director of Cochran, Caronia & Co., an investment banking firm focused on the insurance industry. Ms. Butler worked at J.P. Morgan as an investment banker for the insurance industry for seven years and served as an officer of Centre Reinsurance Company Limited in New York and Centre Reinsurance Company in Bermuda. Mr. Strenger is general counsel and a managing director of Ampton Investments, Inc., or Ampton, a private advisory and investment firm, and practiced law as a partner in the California firm of Rosenfeld, Meyer & Susman, and began his career at the New York law firm of Debevoise & Plimpton LLP. Mr. Prentice is a partner at the law firm of Eaton and Van Winkle and previously served as a director on the board of IDS Life Insurance Company and currently serves on the board of the National Life Insurance Company of Vermont. We anticipate that our directors' and officers' expertise in the insurance and insurance services industry, as well as their established relationships and reputations, will provide us with access to business combination opportunities.

To: Glenn Petersen who wrote (448)	3/24/2006 11:18:42 AM
From: Rollcast...	Respond to of 3862

To: Glenn Petersen who wrote (448)	3/31/2006 8:35:30 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

North American Insurance Leaders, Inc. has announced that its underwriter has exercised the entire over-allotment option and purchased an additional 1,875,000 units, bringing the total number of units sold in the offering to 14,375,000. The total gross proceeds raised in the IPO were $115,000,000, not including $1,700,00 that was raised through the sale of 1.7 million rights to certain of the insiders in a private placement prior to the IPO. The rights will automatically convert into 1.7 million warrants 120 days after the effective date of the offering. The balance placed in the trust account is $109,950,000, equal to $7.65 per share. The balance placed into the trust account includes $2,875,000 of fees that the underwriter has agreed to defer until the company completes an acquisition, as well as $1.7 million in proceeds from the sale of the rights that were purchased by the insiders. sec.gov