IRVINE, Calif., Feb. 6, 2007 (PRIME NEWSWIRE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) (Frankfurt Stock Exchange:WKN A0J265) (Frankfurt:Q9A) announced today that it expects revenues for 2006 to top $700,000, which would be a 45 percent increase over 2005 revenues. Sage Global completed three key acquisitions of insurance and financial services companies during 2006, two of which were completed in the final quarter of the year.
"We are very excited to have completed three acquisitions this year and to have all our business channels now contributing revenue," said Henry Davidson, president of Sage Global Solutions, Inc. "We fully expect that 2007, which will include revenue from all five of our operating subsidiaries, will show a substantial increase in revenues as well. We are very happy with our progress during the past year and we feel confident in our ability to successfully execute our business plan in 2007."
Sage Global is currently preparing audited results for the 2006 year end and expects to post those results shortly as it continues to work toward becoming a fully-reporting company. Audited financial results for the periods ended December 31, 2005 and 2004 can be viewed on the company's web site: http://www.sage-global.com.
About Sage Global Solutions
The mission of Sage Global is to present a full spectrum of insurance and financial services and solutions for small to medium businesses. Sage currently has five wholly owned subsidiaries including; Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, and PremierPoint Insurance Services and JPJ Reinsurance. PremierPoint offers innovative insurance products specializing in Workers' Compensation and the utilization of captive programs. PremierPoint also provides traditional wholesale agency products, program consulting and risk management assistance to insurance agents and carriers. RJC Insurance Services is a premier commercial insurance agency based in Southern California. Express Notary Service, Inc. is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. Online Mortgage Inc. is a lead generation and marketing portal. JPJ Reinsurance issues insurance policies to insurance carriers in select markets for select risks. Over the past several months Sage has taken significant steps toward reaching its goal of becoming a complete insurance and financial services institution and will continue to seek acquisitions, positioning itself as a market leader in a rapidly-growing industry. Visit http://www.sage-global.com for more information.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.