Unico American Corporation Announces Conclusion of Strategic Alternatives Review Process
30 Janvier 2018 - 10:45PM
Business Wire
Unico American Corporation (NASDAQ: UNAM) (“Unico” or the
“Company”) today announced its Board of Directors has concluded its
previously announced formal review of strategic alternatives for
the Company. Following a comprehensive process, the Board of
Directors determined that it was in the best interests of the
Company and its stockholders to execute on the Company’s existing
business plans. In connection with the conclusion of its review,
the Special Committee of the Board of Directors has informed its
financial advisor that its engagement for such review has
terminated.
About Unico
Headquartered in Calabasas, California, Unico is an insurance
holding company that underwrites property and casualty insurance
through its insurance company subsidiary; provides property,
casualty and health insurance through its agency subsidiaries; and
through its other subsidiaries provides insurance premium financing
and membership association services. Unico has conducted the
majority of its operations through its subsidiary Crusader
Insurance Company since 1985. For more information concerning
Crusader Insurance Company, please visit the Crusader’s website at
www.crusaderinsurance.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements as defined under the Private Securities Litigation
Reform Act of 1995 and the Company intends that such
forward-looking statements are subject to the safe harbors created
thereby. These statements, which may be identified by words or
phrases such as “anticipate,” “appear,” “believe,” “estimate,”
“expect,” “intend,” “plan,” “predict,” “will,” “may,” “likely,”
“future,” “should,” “could,” and “would” and similar words, are
intended to identify forward-looking statements. In addition, any
statements that refer to projections of the Company’s future
financial performance, trends in its businesses, or other
characterizations of future events or circumstances are
forward-looking statements.
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Unico American CorporationMichael BudnitskyChief Financial
Officer818-591-9800
Unico American (NASDAQ:UNAM)
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