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Wyncrest Group, Inc. (Pink Sheets:WYCT) today announces plans to target acquisitions in solar nanotechnology. WynGreen, a strategic Green Technology Division, is positioning the company to grow with the promise of solar nanotechnology.
WynGreen is targeting new technologies that convert sunlight into electrical energy using integrated nanotechnology for micro- and thin-film applications. WynGreen believes that by combining these two technologies they can add significant value to their share price by the acquisition of other companies involved in these fields.
WynGreen's strategy is to acquire or deploy proprietary technologies that will:
* Harness the solar energy with a small footprint
* Require low capital cost and low operating cost
* Become an integral building and construction material
* Bring value to commercial product applications
* Have the ability to be rapidly and economically deployed to sites worldwide
The integration of the Green Technologies Division as the focus of our investments, gives Wyncrest Group a huge advantage over domestic insurers who are too restricted, have too many commissions, taxes and would be more likely to invest in group funds that are not investing with a commitment to gaining a position to grow in the eminent green energy sector.
Staying focused on its corporate objective of expansion into lucrative Insurance niche markets, the Wyncrest Group has anchored its new Offshore Services Insurance Division in a lucrative position to grow in these Insurance categories. With the implementation of its Offshore Services Division growth strategy, the Wyncrest Group provides an interface into enormous untapped profits for the company and its investor group serving the Offshore Insurance market.
Wyncrest Group's flagship subsidiary, Southwest Financial Group, has served its 18,000 clients in the Heartland of America with 285 reps nation wide for 22 years with revenues near 23 million per year.
About Wyncrest Group, Inc.
Wyncrest is a growing holding company comprised of subsidiaries within the financial and insurance industry segments. From Life Insurance and Long Term Care to Student and Sports Insurance and Employee Group Benefits, Wyncrest Group’s broad financial product and service offerings provide economic protection and growth opportunities for investors.
Wyncrest’s growth strategy is to seek businesses that will advance the company's quest to vertically integrate and become a stronger force in its financial communities. Wyncrest will continue to strive towards procuring sales of its various product lines and technical capacity. Wyncrest’s major growth and long-term plan is to increase revenue by acquisition.
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct.
Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology.
The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks.
The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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Wyncrest Group, Inc.
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