Insphere Insurance Solutions Adds to Management Team Insphere Insurance Solutions

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Insphere Insurance Solutionssm Adds to Management Team

Steven "Tyler" Norton Joins as Senior Vice President

DALLAS/FORT WORTH - October 12, 2009 - Insphere Insurance Solutionssm (http://www.insphereis.com) today announced that Steven "Tyler" Norton has joined the company as a senior vice president with primary responsibility for life insurance and annuity products.

"We are excited to have Tyler join our company and lead our efforts with our life and annuity products." said Phillip J. Hildebrand, president and chief executive officer of Insphere Insurance Solutions. "Tyler is a proven leader in agency distribution, and he will be a tremendous asset to our senior leadership team as we work to build our field force and roll out these types of products across the country."

Norton brings 14 years of insurance industry leadership experience to his new position with Insphere Insurance Solutions. He joined Beneficial Life Insurance Company in 2002 and most recently served as their senior vice president and chief distribution officer. Prior to that, Norton advanced to field management positions with The MONY Group, Mutual of New York, after joining the company as an agent in 1995. Norton is a graduate of the University of Utah and holds a B.A in Economics.

Insphere Insurance Solutions is an authorized agency in 49 states and the District of Columbia and expects to be the largest independent career agent insurance distribution group in America, with an anticipated force of 3,000 agents. Insphere Insurance Solutions is backed by a group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs Capital Partners and Credit Suisse. Insphere Insurance Solutions has previously announced marketing agreements with John Hancock for long-term care insurance, ING for term life and universal life insurance, and Minnesota Life for whole life insurance.

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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.

Media Contacts:

Donna Ledbetter
(817) 255-5405
Donna.Ledbetter@InsphereIs.com

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