Interstate National Corporation Announces Industry Leader Mishler as CEO

ATLANTA, Aug. 16, 2011 /PRNewswire/ -- Interstate National Corporation, a portfolio company of Golden Gate Capital and umbrella corporation for Interstate National Dealer Services (INDS), RpmOne and National Warranty Corporation / Payment Insured Plan, Inc. (NWC), announced the addition of insurance industry veteran, Mark H. Mishler, to lead Interstate National and its subsidiaries as Chief Executive Officer.

As CEO, Mishler will oversee Interstate's executive team, manage Interstate's long-term strategic initiatives as well as lead daily operations including underwriting, claims, finance, customer service and information technology functions to support Interstate's financial and business objectives.

Mishler, a 29-year industry leader, was most recently at the helm of The Warranty Group, Inc., as President, Chief Operating Officer and Board member, as well as President of Virginia Surety Insurance Company.

"Mark's vision for growth and strategic positioning grew his past companies to $5 billion in assets and $1.8 billion in revenues," Interstate Chairman, Gene Becker, announced to the Interstate team. "Mark is a results-driven leader, who will help Interstate accomplish our collective goals for aggressive growth, superior customer service and a steadfast commitment to excellence in the industry for years to come," Becker concluded.

"Commitment to service excellence and establishing sound long and short-term business objectives are key strategies that start at the top," Mishler said at the announcement.  "I plan to implement those initiatives with our team, our providers, our partners and our customers to further grow Interstate as the industry leader," Mishler concluded.

About Interstate National Corporation

Interstate National, headquartered in Atlanta, Georgia, offers producers 35-years of experience with nearly 3 million contracts sold and $1 billion in paid claims to over 1.5 million consumers.  In addition, Interstate National partners with over 3,000 producers in the U.S. and Canada; and has distributed over one-quarter of a billion dollars in underwriting gains and investment income.  For more information visit www.interstatenational.com.

About Golden Gate Capital

Golden Gate Capital, headquartered in San Francisco, is a global private equity investment firm with approximately $9.0 billion of capital under management. Investors include leading educational endowments, non-profit foundations, and selected financial institutions, entrepreneurs and managers. The firm's charter is to invest in change-intensive and growth-oriented situations where there is a demonstrable opportunity to significantly enhance a company's value. The Principals of Golden Gate Capital have completed approximately 140 such transactions aggregating to over $19 billion in enterprise value across all major sectors of the economy. For more information visit www.goldengatecap.com.

SOURCE Interstate National Corporation