Concordis Group, Inc. Appoints Mark C. Foster to the Board of Directors

DESTIN, Fla., July 22 /PRNewswire-FirstCall/ -- Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced the appointment of Mark C. Foster to its Board of Directors.

The expansion of Concordis Group's Board of Directors "ensures the company will continue to benefit from a diversity of experience and opinions.  Mark's proven leadership skills, broad management experience and reputation as an independent thinker will be of great value to me and the company," said Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc.

Mr. Foster serves as the General Partner of Foster Enterprises, a successful real estate and development company located in Foster City, California.  Mr. Foster is responsible for the overall strategic positioning of the company with a focus on determining which markets and product types are expected to deliver the superior returns that have been a trademark for Foster Enterprises.

Previously Mr. Foster served as the Project Manager of Wellington Homes, a development subsidiary of Foster Enterprises which has developed thousands of homes throughout the continental United States and Hawaii.  He has held other positions including Project Manager for Raiser Development, at the time, one of the largest commercial office developers in the San Francisco Bay Area.

Mr. Foster stated, "I have firsthand knowledge of how much money has been wasted over the years insuring our real estate projects.  If we had known about and understood the value of implementing a captive insurance company, we could have saved the company tens of thousands of dollars."

Mr. Foster received his BA in Economics from the University of Colorado.

About Concordis Group, Inc.

Concordis Group, Inc. is a diversified holding company that provides business insurance solutions through its two wholly own subsidiaries: Concordis Insurance SPC(CISPC) and Concordis Capital, Inc.(CCI).  CISPC, a Cayman Island corporation, is a captive insurance company that specializes in structuring and managing alternative risk management solutions for mid-market companies.  CCI, a Florida corporation, provides captive cell funding for CISPC and other businesses and organizations.

Concordis Group's business strategy is based upon strong organic growth combined with strategic acquisitions of companies in the financial services and insurance industries that create additional synergy, have positive cash-flow, exhibit strong long-term growth potential, and have highly qualified management teams.

Safe Harbor for Forward-looking Statements

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its services and service offerings, its results to fail to materialize. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

SOURCE Concordis Group, Inc.