GARDEN CITY, N.Y., Dec. 15, 2005 (PRIMEZONE) -- Walker Financial Corporation (OTCBB:WLKF), a marketer of insurance, financial products and other products and services which benefit the baby boomer and senior population segments, announces that it will commence the marketing of a mortgage protection insurance product in the first quarter of 2006. This specialized product is a term insurance product that pays off a family's mortgage in the event that something should happen to the primary wage earner in the family, thus protecting one of a family's largest assets. The product will be marketed to people who have purchased a new home or have refinanced an existing mortgage within the past 48 months. The market represents a $600 million premium market opportunity. Our subsidiary NPI Agency, Inc. will act as an insurance wholesaler marketing the product through other agents, agencies, and licensed third party intermediaries. Mitchell Segal, President and CEO of Walker stated, "We are excited to commence the marketing of this product in the first quarter of 2006. Not only is the product critical in protecting one of the primary assets of the individuals and families we seek to serve, but additionally the product allows customized protection with a variety of riders that can be added to the product. This type of product has never been offered in the New York marketplace and we will be one of the first companies to commence marketing this product in the state, and thereafter nationally."
About Walker Financial Corporation
Walker Financial Corporation is focusing its efforts on the marketing of financial products and services and non-financial products and services that benefit the baby boomer and senior populations. Through its subsidiary National Preplanning, Inc., it is engaged in the sale of final expense insurance. Through its licensed subsidiary NPI Agency, Inc., Walker earns insurance commissions on the sale of various insurance products. Through its subsidiary American DataSource ("ADS"), the Company is engaged in the business of providing a complete line of administrative services for trust accounts. Walker Financial is currently looking to expand its product offerings by adding various financial products and other services, which may occur through acquisition opportunities, although there can be no assurance that this will occur.
Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of the Safe Harbor provisions of the federal securities laws. Forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services in the marketplace, regulatory and competitive factors, new products and technological changes, the company's dependence upon third-party suppliers, and other risks detailed from time to time in the company's Form 10-K, Form SB-2A and other regularly filed reports.