Insure.com, Inc. Announces Name Change to Life Quotes, Inc. and Nasdaq Ticker Symbol Change to QUOT Effective October 28, 2009
October 26 2009 - 6:30AM
PR Newswire (US)
DARIEN, Ill., Oct. 26 /PRNewswire-FirstCall/ -- Insure.com, Inc.
(NASDAQ: NSUR), announced today that it has completed its corporate
name change to Life Quotes, Inc. The Company also announced that
its Nasdaq ticker symbol will be changed to QUOT effective with the
opening of the market on October 28, 2009. "We are very excited
about starting this next phase of our corporate life and we are
especially anxious to sharpen our focus to further develop our life
brokerage, remote agent and insurance lead generation activities
under the Life Quotes and Consumer Insurance Guide brand names,"
remarked Robert Bland, chairman and CEO. "We think that there's a
bright future in serving the self-directed insurance shopper." As
previously announced on October 9, 2009, the Company sold its
Insure.com brand name, including certain trademarks, urls,
websites, website content, and its insurance articles library for
$16 million. The Company initially acquired those assets in 2001
for $1.6 million. About Life Quotes, Inc. Originally founded in
1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates
a comprehensive consumer information service and companion
insurance brokerage service that caters to the needs of
self-directed insurance shoppers. Visitors to the Company's
flagship Web site http://www.lifequotes.com/, are able to obtain
free, instant car insurance quotes, instant life insurance quotes,
home, business and health insurance quotes from leading insurers
and have the freedom to buy online or by phone from any company
shown. Life Quotes, Inc. generates revenues from receipt of
industry-standard commissions, including back-end bonus commissions
and volume-based contingent bonus commissions that are paid by
participating insurance companies. We also generate revenues from
the sale of Web site traffic and insurance leads to various third
parties. Shares of the Company's common stock trade on the Nasdaq
Capital Market under the symbol NSUR. DATASOURCE: Life Quotes, Inc.
CONTACT: Phillip A. Perillo, Chief Financial Officer of Life
Quotes, Inc., +1-630-515-0170, ext. 295, Web Site:
http://www.lifequotes.com/
Copyright