21st Century Holding Company Announces Financial Results Release Date
09 3월 2012 - 4:00AM
21st Century Holding Company (Nasdaq:TCHC), a Florida-based
provider of insurance, today announced that it will release its
2011 year end financial results at 2:00 PM (ET) on Thursday, March
22, 2012, followed by an investor conference call at 4:30 PM (ET).
The Company's CEO and President, Michael H. Braun, and its CFO,
Peter J. Prygelski, III, will discuss the financial results and
review the outlook for the Company. Messrs. Braun and Prygelski
invite interested parties to participate in the conference
call. A live webcast of the call will be available online at
http://www.21stcenturyholding.com (in the Conference Calls
section). Listeners interested in participating in the Q&A
session can access the conference call by dialing toll free
866-501-5542. Participants are advised to join
the call at least five minutes in advance. A webcast replay of
the conference call will be available shortly after the live
webcast is completed and may be accessed via the Company's
website.
About the Company
The Company, through its subsidiaries, underwrites homeowners'
property and casualty, commercial general liability, commercial
residential property, flood, personal automobile, commercial
automobile, inland marine, workers' compensation and personal
umbrella insurance in the state of Florida. The Company is also
licensed as an admitted carrier in the states of Alabama, Georgia,
Louisiana and Texas to offer coverage for more than 300
classes of commercial general liability business, including
special events. The Company is approved to operate as a surplus
lines/non-admitted carrier in the states of Arkansas, Kentucky,
Maryland, Missouri, Nevada, Oklahoma, South Carolina, Tennessee,
and Virginia and offers the same general liability products. The
Company is licensed and has the facilities to market and underwrite
other insurance carriers' lines of business, as well as to process
and adjust claims for third party insurance carriers.
Safe harbor statements under the Private Securities Litigation
Reform Act of 1995: Statements in this press release that are not
historical fact are forward-looking statements subject to certain
risks and uncertainties that could cause actual events and results
to differ materially from those discussed herein. Without
limiting the generality of the foregoing, words such as "may,"
"will," "expect," "believe," "anticipate," "intend," "could,"
"would," "should," "estimate," or "continue" or the other negative
variations thereof or comparable terminology are intended to
identify forward-looking statements. The risks and
uncertainties include, without limitation, the costs of reinsurance
and the collectability of reinsurance; the success of the Company's
growth and marketing initiatives and introduction of its new
product lines; inflation and other changes in economic conditions
(including changes in interest rates and financial markets); the
impact of legislation and regulations adopted in Florida and the
other states in which we do business which affect the property and
casualty insurance market; assessments charged by various
governmental agencies; pricing competition and other initiatives by
competitors; our ability to obtain regulatory approval for
requested rate changes and/or changes in our capital structure, and
the timing thereof; the outcome of litigation pending against us or
which is commenced against the Company after the date hereof,
including the terms of any settlements; dependence on investment
income and the composition of our investment portfolio; the
adequacy of our liability for loss and loss adjustment expense;
insurance agents; claims experience; ratings by industry services
(a withdrawal or reduction of our rating(s) could limit us from
writing or renewing policies and could cause the Company's
insurance policies to no longer be acceptable to the secondary
marketplace and mortgage lenders); catastrophe losses; reliance on
key personnel; weather conditions (including the severity and
frequency of storms, hurricanes, tornadoes and hail); changes in
driving patterns and loss trends; acts of war and terrorist
activities; court decisions and trends in litigation, and health
care and auto repair costs; and other matters described from time
to time by us in our filings with the SEC. Additional risk
factors are also set forth in the Company's Form 10-K for the
fiscal year ended December 31, 2010, filed with the SEC on March
31, 2011, and in the Company's subsequent filings under the
Securities Exchange Act of 1934. In addition, investors should be
aware that generally accepted accounting principles prescribe when
a company may reserve for particular risks, including litigation
exposures. Accordingly, results for a given reporting period could
be significantly affected if and when a reserve is established for
a major contingency. Reported results may therefore appear to be
volatile in certain accounting periods. The Company undertakes no
obligations to update, change or revise any forward-looking
statement, whether as a result of new information, additional or
subsequent developments or otherwise.
CONTACT: Michael H. Braun, CEO (954) 308-1322
or Peter J. Prygelski, CFO (954) 308-1252
21st Century Holding Company
Tech Cent (CE) (USOTC:TCHC)
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