CIS Group Announces Acquisition of Cornerstone Appraisal Services

FT. WORTH, Texas, Nov. 19, 2010 /PRNewswire/ -- CIS Group, a full service field underwriting company headquartered in Ft. Worth, TX, announced today that it has purchased substantially all the assets of Cornerstone Appraisal Services, located in Valparaiso, Indiana.  The transaction closed on November 3rd, 2010.

"Cornerstone's core products are a perfect complement to our existing field underwriting services," according to CIS Group's chief executive, Michael Stanley.  "The acquisition of Cornerstone broadens CIS Group's product offering and gives our clients access to a best-in-class High Value Appraisal product.  More importantly, our clients will continue to have the Perfect Customer Experience they associate with CIS Group."

"The CIS Group will enhance our capabilities countrywide," said Dana Williams, Vice President of Cornerstone Appraisal Services.  "CIS recognizes our expertise in carefully crafting an industry leading high value inspection service for our customers.  As the industry's premier field services company, CIS Group will capitalize on our expertise to round-out their field services offering and bring our combined customers the very best field services value available."  

About CIS Group

CIS Group is the largest provider of field underwriting services to the insurance and banking industries in the United States.  Headquartered in Ft. Worth, Texas CIS completes more than two million field surveys annually and provides the most comprehensive suite of field reporting services in the marketplace.  With a true national footprint, CIS Group remains committed to providing Best of Breed field services throughout all fifty United States, "One at a Time, On Time, Every Time."  For a closer look, please visit us on the web at www.cisgroup.net.

About Cornerstone Appraisal Services

Cornerstone Appraisal Services is an industry leader in providing carriers with accurate, timely, and professional inspection services for high-value residential properties nationwide. Based in Valparaiso, Indiana, Cornerstone's network of appraisal and loss control experts are among the most experienced in the industry.  For the past 13 years, Cornerstone has been dedicated to providing the very best insurance valuation and loss control services to the discriminating client. www.Cornerstone-appraisals.com

Contact:  CIS Holdings:  Michael Stanley, Chief Executive Officer, (817) 712-2430, [email protected]

SOURCE CIS Group