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Suwanee, GA, United States, 2009/09/15 - Wyncrest Group, Inc. (WNCG.OB), currently up approximately 60% from Fridays close, and many technical indicators improving price per share.
Wyncrest Group, Inc. (WNCG.OB), currently up 60% from Fridays close, and technical indicators include higher than average volume, Marubozu candlestick (which is an extremely bullish candlestick pattern), 50 day moving average crossing the 200 day moving average, and improved Relative Strength Index. Wyncrest Group Inc. also recently received Speculative Buy Rating from Beacon Equity Research with target price of $0.43. Source beaconequity.com
Wyncrest Group, Inc., Business model focused on acquisitions
WNCG plans to deliver innovative insurance products in high demand and underserved niches and grow through strategic acquisitions of insurance and financial services companies. WNCG believes there are many smaller insurance and financial service companies or agencies that would be interested in merging with a larger entity in order to share best practices and generate synergies and economies of scale while retaining their existing client list.
Global insurance premiums topped $4.1 trillion in 2007. The global recession has negatively impacted every insurance segment, with life insurance revenues and profits being particularly hard hit. World insurance premium volume fell for the first time in more than 30 years in 2008, according to a report released by Swiss Re. Shareholder capital in the life insurance industry has shrunk by 30%-40% on average, with some companies suffering declines of up to 70%. As the economy recovers, life premiums and investment returns are expected to rise. WNCG (wyncrestgroupinc.com) sees an opportunity to acquire undervalued insurance assets now and capitalize on their improving value as the economy recovers.
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