DALLAS, April 4 /PRNewswire-FirstCall/ -- InterFinancial Holdings, Corp.
(OTC Pink Sheets: IFLH) announced today that the Company has signed a letter
of intent to acquire DPG (Drivers Protection Group, LLC), a Texas Limited
Liability Company which is affiliated with Nationwide Insurance. Nationwide,
based in Columbus, Ohio, is one of the largest diversified insurance and
financial services organizations in the world, with more than $148 billion in
assets. Nationwide ranks 118th on the Fortune 500 list. DPG is currently in
the process of finalizing an auto dealer program which includes roadside
assistance, gap insurance, single interest, auto replacement warranty, and
other gap type products. Once this acquisition is completed, InterFinancial
will be able to offer auto insurance to each and every one of its existing
accounts. In addition, InterFinancial will be able to pre-package and bill
insurance products at loan origination. The synergy between DPG and its
parent company will have benefits to the company's account management and
bottom line. InterFinancial Holdings, Corp. is in the process of making
several acquisitions in exchange for its common stock. By building a
conservative financial statement with qualified monthly income, the company
feels that it will be able to market itself as a growing commercial bank and
finance company that targets companies in the financial arena in order to
facilitate significant shareholder growth.
The company maintains a corporate website at
http://www.interfinancialholdings.com
Contact: Jeffrey C. Bruteyn, Managing Director: 214-665-9490, or
jcb@interfinancialholdings.com
This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve risks and
uncertainties. Although InterFinancial Holdings believes that the assumptions
underlying the forward-looking statements contained herein are reasonable, any
assumption could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements included herein, the inclusion should not be
regarded as a representation by InterFinancial Holdings or any other person
that the objectives and plans of InterFinancial Holdings will be achieved.
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