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Insphere Insurance Solutions® Announces Appointment of Kenneth J. Fasola as President and Chief Executive Officer

DALLAS/FORT WORTH – March 18, 2011 – Insphere Insurance Solutions (http://www.insphereis.com) announced the appointment of current President and Chief Operating Officer Kenneth J. Fasola as the new President and Chief Executive Officer for the company effective April 1, 2011. At that time Phillip J. Hildebrand will resign as Chief Executive Officer, but will continue to serve on the board of directors for the parent company as its non-executive chairman.

“It has been a pleasure to lead this organization and establish a new direction filled with potential for growth,” said current CEO Phillip J. Hildebrand. “I am leaving Insphere with a real sense of pride in what has been achieved and with great confidence in Ken Fasola and the management team’s ability to pursue the opportunities that lie ahead.”

Fasola said, “Insphere has an incredibly talented management team and field force. Those assets, along with a strong, performance-driven culture provide a solid foundation for growth. I look forward to leveraging the power of this organization for our agents, customers, business partners and investors.”

Fasola joined Insphere Insurance Solutions in September 2010. Prior to joining the company, Fasola was responsible for Humana’s individual major medical, specialty and supplemental insurance operations. Prior to that, he was Chief Executive Officer for Secure Horizons, a division of UnitedHealth Group and the nation’s largest Medicare Advantage insurer. Additionally, he served as Chief Executive Officer of UnitedHealth Care’s Central Region and as National Sales Officer and President of UnitedHealth Care Lines of Business.

Fasola serves on the boards of Pennsylvania State University, Schreyer Honors College and Connextions, Inc., a technology-based business process outsourcing firm. He holds a BS in Health Planning and Administration from Pennsylvania State University.

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About Insphere Insurance Solutions

Insphere Insurance Solutions, Inc. is a distribution company that specializes in meeting the life, health, long-term care and retirement insurance needs of small businesses and middle-income individuals and families through its portfolio of highly rated products offered by nationally recognized insurance carriers. Insphere is an authorized agency in all 50 states and the District of Columbia with approximately 2,600 agents nationwide. For more information, please visit www.insphereis.com.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release may include forward-looking statements relating to Insphere Insurance Solutions, Inc. that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "intend," “may,” "objective," "plan," "possible," "potential," “project” and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date. Factors that could cause actual results to differ materially include, but are not limited to, the effect of recently enacted national health care reform legislation on our business; other legal or regulatory developments which may adversely affect our business including, but not limited to, laws or regulations which impede our ability to obtain effective leads; any failure to comply with applicable law or regulations; our ability to maintain applicable licenses; our ability to enter into and maintain satisfactory relationships with insurance carriers and agents; our ability to implement and maintain various information technology and administrative systems, platforms and processes necessary to successfully run the businesses, or the failure of such systems, platforms and processes to provide timely and accurate information; our reliance on outsourcing arrangements, which may subject us to risks related to business disruption or otherwise adversely affect our operations; termination of agreements with insurance carriers or revisions to contract terms which may adversely affect our business; the failure of insurance carriers to pay us in a timely and accurate manner or to provide us with data required to support product sales and accurately pay our agents; and the failure of an insurance carrier to administer underwritten business in an appropriate manner, which may lead to customer dissatisfactions and the lapse or cancellation of policies for which we and our agents receive commissions. Like any business, the progress and success of the company entails substantial uncertainty. There can be no assurance that other factors not currently anticipated by the company will not materially and adversely affect our financial condition and results of operations. Readers are cautioned not to place undue reliance on any forward-looking statements made by us or on our behalf.