21st Century Holding Company Announces Earnings Release Date
08 Marzo 2011 - 11:30AM
21st Century Holding Company (Nasdaq:TCHC) today announced that it
will release its 2010 year end financial results at 2:00 PM (ET) on
Thursday, March 24, 2011, followed by an investor conference call
at 4:30 PM (ET).
The Company's CEO and President, Michael H. Braun, and its CFO,
Peter J. Prygelski, III, will discuss the financial results and
review the outlook for the Company. Messrs. Braun and Prygelski
invite interested parties to participate in the conference
call. A live webcast of the call will be available online at
http://www.21stcenturyholding.com (in the Conference Calls
section). Listeners interested in participating in the Q&A
session can access the conference call by dialing toll free
866-501-5542. Participants are advised to join the call at
least five minutes in advance. A webcast replay of the
conference call will be available shortly after the live webcast is
completed and may be accessed via the Company's website.
About the Company
The Company, through its subsidiaries, underwrites homeowners'
property and casualty, commercial general liability, commercial
residential property, flood, personal automobile, commercial
automobile and inland marine insurance in the state of Florida. The
Company underwrites general liability coverage as an admitted
carrier in the states of Alabama, Georgia, Louisiana and Texas for
more than 300 classes of business, including special
events. The Company is approved to operate as a surplus
lines/non-admitted carrier in the states of Arkansas, California,
Georgia, Kentucky, Maryland, Missouri, Nevada, Oklahoma, South
Carolina, Tennessee, and Virginia and offering the same general
liability products. The Company is licensed and has the facilities
to market and underwrite other insurance carriers' lines of
business, as well as to process and adjust claims for third party
insurance carriers. In addition to insurance services, the Company
offers premium finance services to its insureds as well as insureds
of certain third party insurance companies.
Safe harbor statements under the Private Securities Litigation
Reform Act of 1995: Statements in this press release that are not
historical fact are forward-looking statements that are subject to
certain risks and uncertainties that could cause actual events and
results to differ materially from those discussed
herein. Without limiting the generality of the foregoing,
words such as "may," "will," "expect," "believe," "anticipate,"
"intend," "could," "would," "estimate," or "continue" or the other
negative variations thereof or comparable terminology are intended
to identify forward-looking statements. The risks and
uncertainties include, without limitation, the costs of reinsurance
and the collectability or reinsurance; the success of the Company's
growth and marketing initiatives and introduction of its new
product lines, inflation and other changes in economic conditions
(including changes in interest rates and financial markets); the
impact of new regulations adopted in Florida and the other states
in which we do business which affect the property and casualty
insurance market; assessments charged by various governmental
agencies; pricing competition and other initiatives by competitors;
our ability to obtain regulatory approval for requested rate
changes and/or changes in our capital structure, and the timing
thereof; legislative and regulatory developments; the outcome of
litigation pending against us or which is commenced against the
Company after the date hereof, including the terms of any
settlements; risks related to the nature of our business;
dependence on investment income and the composition of our
investment portfolio; the adequacy of our liability for loss and
loss adjustment expense; insurance agents; claims experience;
ratings by industry services (a withdrawal or reduction of our
rating(s) could limit us from writing or renewing policies and
could cause the Company's insurance policies to no longer be
acceptable to the secondary marketplace and mortgage lenders);
catastrophe losses; reliance on key personnel; weather conditions
(including the severity and frequency of storms, hurricanes,
tornadoes and hail); changes in driving patterns and loss trends;
acts of war and terrorist activities; court decisions and trends in
litigation, and health care and auto repair costs; and other
matters described from time to time by us in our filings with the
SEC. Additional risk factors are also set forth in the
Company's Form 10-K for the fiscal year ended December 31, 2009,
which was filed with the SEC on March 26, 2010. In addition,
investors should be aware that generally accepted accounting
principles prescribe when a company may reserve for particular
risks, including litigation exposures. Accordingly, results for a
given reporting period could be significantly affected if and when
a reserve is established for a major contingency. Reported results
may therefore appear to be volatile in certain accounting periods.
The Company undertakes no obligations to update, change or revise
any forward-looking statement, whether as a result of new
information, additional or subsequent developments or
otherwise.
CONTACT: Peter J. Prygelski, CFO
21st Century Holding Company
(954) 308-1252 or (954) 581-9993
Tech Cent (CE) (USOTC:TCHC)
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