MIAMI, March 5, 2003 (PRIMEZONE) -- Navigator Ventures, Inc. (OTCBB:NVGV) announced that an interview featuring Diane Perkins, the company's Chairman and CEO, is currently available on CEOcast (http://www.ceocast.com) in Real audio.
In the interview, Diane Perkins discusses Navigator Ventures next-generation Insurance business model, advanced software applications, and their acquisition of EB Group (ww.ebgroup.com).
Golden Apple Holding Company (GAHC), a wholly owned subsidiary of Navigator Ventures Inc. (OTCBB:NVGV) has signed a Letter of Intent detailing the proposed corporate purchase of EB Group Inc., one of the leading providers of business platforms that support an array of electronic business products and services to the insurance industry.
EB Group Inc., a Florida corporation, (EBGroup.com) was formed by seasoned executives with over 20 years of experience in the technology, telecommunications and insurance industries. EB Group provides electronic business support tools specifically targeted to insurance companies, insurance brokers and agents, as well as to small- and medium-sized businesses that lack the critical infrastructure and resources necessary to effectively utilize the capabilities of electronic commerce and the Internet. It serves as a leading electronic platform for the insurance business by providing its users a distinctive integrated, Internet-enabled package of databases and application software for Rating, Quoting, Issuance, and Policy & Claims Management Services. It also offers a unique set of electronic commerce tools and business support services for Insurance Agents.
Golden Apple was incorporated in Florida, USA, in 2002 to take advantage of a crisis in the domestic property and casualty business, which has seen many small insurance companies that service small to medium sized enterprises being restricted from writing new or renewal policies because of past mistakes in underwriting risks and losses in their investment portfolios. The Company was formed to take advantage of these adverse conditions for existing insurance companies, the reduction of capacity and the resulting substantial increase in premium rates for new insurance policies written.
Detailed information about Golden Apple may be obtained from their Website at http://www.goldenap.com.
CEOcast is the premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers at public and private news-making companies. Organized by industry, its analysts average over 15 years experience covering and evaluating Wall Street's leading companies.
The Company has not authorized the release of this information in any form that contravenes the Communication Act and will not be responsible for unsolicited massive distribution of this material by e-mail or facsimile by unauthorized parties. Statements in this press release, which are not historical facts, are "forward-looking statements" within the meaning given to that term in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.