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TORONTO -- Providing its Unique RentShield(TM) Product in a $300 Billion Dollar Market, Generating Expanding Profits for this Revenue-Producing Company
RS GROUP OF COMPANIES, INC. (formerly RENT SHIELD CORP.) (OTCBB:RSGC), provides a unique pass-through risk specialty insurance and reinsurance products to protect cash flow for apartment building owners, along with a similar product in many different industries. Rent Shield`s "pass through risk products," allow it to make a recurring profit on every product insured, translating to enormous income potential in a marketplace which includes over 38,000,000 rental units that generate over $300 billion in annual rents, that their cash flows can be secured.
RS Group of Companies revenues for 2004 are expected to approach $25,000,000.
Rent Shield focuses on selling it`s products to large landlords, which insures significant monthly expansion of revenue, based on current goals of adding 2,000 units per month for it`s products. The products guarantee six months rental income and $10,000 in damages for each unit, protecting the landlord`s against surprise negative changes in occupancy. Tenants benefit as well, by no longer having to provide a last month rent payment and security deposit.
RS GROUP OF COMPANIES, INC. continues to develop strong strategic partnerships within the insurance industry, allowing it to bring these powerful products to the marketplace. Expectations for expanding revenue for 2005 run high, based on such partnerships and the company`s aggressive tactics in reaching major landlords and other potential customers, offering them products which provide protection for the customers` revenues and profits, which never truly existed in the marketplace prior to RentShield(TM).
Numerous contracts remain in constant negotiation, with the company optimistic on the closing of each and every deal. RentShield maintains an experienced and dynamic sales team, capable of making it the larger provider in this high-revenue potential niche of the insurance industry.
John Hamilton, RS Group`s founder and CEO, stated, "We take pride in being the wave of the future for a critical, but relatively new niche of the insurance industry. Our corporate team and our sales team provide a protection and a service that truly no landlord can really afford to be without in these volatile times. We welcome the leadership role and the challenge and know that our efforts will be rewarded with a dramatically rising revenue and profit curve to reward our company and it`s shareholders."
For details, visit 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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