Preventia, Inc. Receives First Order from Institutional Client in Insurance Product Market - Insurance News | InsuranceNewsNet

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August 31, 2012 Newswires
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Preventia, Inc. Receives First Order from Institutional Client in Insurance Product Market

Business Wire, Inc.

Insurance Industry Could Embrace Preventia-Designed High Yield Products

TORONTO--(BUSINESS WIRE)-- Preventia, Inc. (OTCBB:PVTA) reports receiving its first order from a prominent institutional client in the insurance product market. Preventia has been chosen to design an income yielding product, in units of $10,000,000 each, to fill specific high yield return needs. This order possibly opens the insurance industry to Preventia-designed high yield products. The product being created will be initially dematerialized from its original hard copy form to subsequently trade on a real-time clearing platform using the Company's exclusively licensed patent right.

Preventia has completed extensive work on varying by-products emanating from the insurance sector, including life insurance policies (term and otherwise), and a variety of fixed return and open-return units. The new institutional client expects Preventia to fill the client’s specific high yield return needs which, in turn, will help compensate for the low interest deposits plaguing the global banking markets. The institutional client will make a separate announcement once the products are ready for market.

Preventia's income remuneration terms are spread across the end of this quarter to be completed in the final quarter. The new insurance products conform with work already in process by Preventia on the real estate property sector instruments recently announced.

Rob Stevens, Preventia's CEO, states, “The insurance industry could soon embrace Preventia-designed high yield products. Branching out into insurance products, and offering them alongside our real estate products, gives our institutional clients based in North America and Europe a full service arrangement. Clearly, the Company's continuing ability to attract an order flow in aligned areas is built around the common need for higher returns to investors. I am pleased that our growing reputation enables us to offer a wider variety of instruments to an expanded client base. Our team's unique insight and capability to trade hitherto untradeable assets leaves us very strongly positioned for growth. We believe we are being sought by institutions because of our ability to procure positive returns in today's troubled markets. We are yet unchallenged in this sector.”

“Preventia's market position remains very strong after its acquisition of DRM Informatics Corp., diversifying the Company into the software piracy solutions business. Coupled with the insurance and real estate industry developments announced, Preventia should able to finish the year very strong and remain debt free,” concludes Stevens.

About Preventia, Inc.

Preventia, Inc., a Nevada corporation, is headquartered in Toronto, Ontario, Canada. Preventia works with corporate clients through its subsidiary, Preventia Group Corp., to develop, market and distribute financial products for dematerialization and electronic trading, and offers a patented electronic trading platform with respect to the foregoing. Preventia will pursue interesting projects from time to time that appear to further enhance its corporate influence and establish itself in a primary position in various developing markets.

To learn more, visit http://www.preventiatrading.com or email [email protected]

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the Company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.

For Preventia, Inc.
Emerson Gerard AssociatesJerry Jennings, 561-881-7318
[email protected]

Source: Preventia, Inc.

Copyright:  Copyright Business Wire 2012
Wordcount:  611

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