21st Century Holding Company Announces Financial Results Release Date
26 7월 2012 - 10:00PM
21st Century Holding Company (Nasdaq:TCHC), a Florida-based
provider of insurance, today announced that it will release its
2012 second quarter financial results at 4:00 PM on Thursday,
August 9, 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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