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RS GROUP OF COMPANIES, INC. (formerly RENT SHIELD CORP.) (OTCBB:RSGC), a provider of pass-through risk specialty insurance and reinsurance products, announced its flagship offering, RentShield(TM), is helping property owners yield higher operating efficiency because of its RGX software.
RentShield`s(TM) pioneering RGX software alleviates operating costs for property management and, thereby, increases the ease to market the RentShield(TM) membership program.
"Since the launch of RGX in November, several small changes have made a big impact on our operating efficiencies. Working with our brokerage partners to seamlessly integrate RGX is a priority," says Kyle Hodgson, Technology Director for RS Group of Companies. "Through real world testing, we`re continually improving customer experiences, reducing claim periods, and speeding up new client sign-up times."
"The key to our recent achievements is the flexibility to persistently fine-tune the software to realize greater business efficiency. .NET allows us to easily update process flows and business rules, which increase developer productivity," says Stephen Chan, President and CEO of DapaSoft Inc., the RGX technology partner for RS Group of Companies.
RS Group of Companies` core product, the RentShield(TM) Residential Rental Guarantee Program, (http://www.rentshieldexpress.com):
- Guarantees, without question, to automatically pay the landlord up to six months of rental income in the event of tenant default within 30 days of the due date.
- Pays the landlord up to $10,000 for willful damage by a tenant.
- Eliminates the landlord`s legal, eviction, and administrative collection expenses.
- Pre-qualifies a prospective tenant through background and credit verification within 48 hours of their application.
- Eliminates the need for landlords requiring up-front payment of a security deposit and last month`s rent.
- Provides property owners the online tools that help administer residential rental properties and access other RSGC products and services.
- Provides landlords and tenants online access to listings of vacant properties.
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. In November 2003, through its wholly owned subsidiaries, the Company introduced its core pass-through risk solution,RentShield(TM) (http://www.rentshieldexpress.com), a Residential Rental Guarantee Program being offered to North America`s $300 billion residential real estate rental market. It is estimated that there are over 38 million rental units in the United States and Canada. Rental Guarantee was first developed in Finland to provide surety to residential property developers and is being used as an extremely effective marketing tool in the United Kingdom for the buy-to-let market. It protects investments in the rental units by receiving a guaranteed income on a certain timeline.
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.
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