21st Century Holding Company Announces Financial Results Release Date
27 4월 2012 - 12:00AM
21st Century Holding Company (Nasdaq:TCHC), a Florida-based
provider of insurance, today announced that it will release its
2012 first quarter financial results at 4:00 PM (ET) on Thursday,
May 10, 2012, followed by an investor conference call at 4:30 PM
(ET).
The Company's CEO, 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 that are 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," "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 and
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 new 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; legislative and regulatory developments; the outcome of
litigation pending against us or which is commenced against the
Company after the date hereof, including the terms of any
settlements; risks related to the nature of our business;
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); acts of war and terrorist activities; court
decisions and trends in litigation; 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, 2011,
filed with the SEC on March 30, 2012, 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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Tech Cent (CE) (USOTC:TCHC)
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