SGYI Strategy International Insurance Group Inc (CE)

Strategy International Insurance Group, Inc. (OTCBB:SGYI), announced today that by mutual agreement the exclusivity period set out in the May 25, 2005 letter of intent to merge with RS Group of Companies, Inc. (OTCBB:RSGC) has been extended by an additional 60 days to November 25, 2005, to enable Strategy to continue its due diligence and negotiate a merger agreement with RS Group. There can be no assurance that a transaction will result. During the past 60 days, the consummation of the transaction was hindered by our requirement to complete our annual audit and file its annual report for the year ended April 30, 2005. On September 16, 2005, the Company filed its annual report and disclosed events that affected Strategy's overall financial position. Further details with respect to the cause of the delay are set out in our annual filing. About Strategy International Insurance Group, Inc. Strategy International Insurance Group, Inc. (OTCBB: SGYI) operates as a holding company for Strategy Holding Company Limited, which itself operates as a holding company for Strategy Insurance Limited ("Strategy"), a Barbados-formed and licensed provider of specialty lines of insurance, reinsurance and structured risk underwriting, focusing on credit risk and credit enhancement. Strategy has offices in Barbados, London and Toronto. About RS Group of Companies, Inc. RS Group of Companies, Inc. (http://www.rsgc.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk specialty insurance and reinsurance platforms throughout North America. The company is structured as a holding company for an integrated group of businesses that operates in four distinct operating segments: residential rental services, timeshare affinity program, financial guarantee, and specialty insurance brokerage. Current offerings include RentShield(R) (http://www.rentshield.com), a Residential Rental Services Program being offered to North America's $300 billion residential real estate rental market, and Value Guaranteed Vacations, Inc.'s timeshare affinity program, VGV(TM) Program (http://www.vgvinc.com). Forward-Looking Statement Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. Strategy International Insurance Group, Inc. (OTC Bulletin Board:SGYI)