Trucept Inc. Announces Name Change for Insurance Subsidiary

Company continues to offer high-value options from solutions-based insurance specialities

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Nov 09, 2020, 08:00 ET

SAN DIEGO, Nov. 9, 2020 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) Trucept Inc. ("Trucept") today announced that UWS Insurance Services, a wholly owned subsidiary of the company, had been re-named Afinida Insurance Services Inc.

Trucept acquired UWS in February to provide insurance services to a broader set of market segments. UWS Insurance Services built its reputation within the industry by providing consistent value and a diverse catalog of insurance solutions for businesses and individuals alike.

Also earlier in the year, Trucept acquired Afinda Payroll Services, Inc. Trucept CEO Norman Tipton said that changing the name will help build on the Afinida brand.

"Changing the name to Afinida Insurance helps unify and solidify our suite of business services," Tipton said. "Growing the Afinida line of services will be a huge asset for our company moving forward."

Afinida Insurance continues delivering specialized insurance services for employee benefits, commercial lines, and individual policies while also providing Trucept the opportunity to further expand its business offerings with a variety of customized plans at the best possible rates.

Afinida Insurance joins Afinida Payroll as two Trucept subsidiaries uniquely tailored to help businesses promote growth and success.

About Trucept Inc.

True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. The company offers expert business services in the form of payroll, human resources and management, employee benefits, accounting support, safety and risk management, and marketing and technology services. For more information, call 858-798-1620 or visit https://truceptservices.com/.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

SOURCE Trucept Inc.