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Article: Unistar Signs Letter of Intent to Acquire California Auto Insurance Agency.
- Article from:
- PR Newswire
- Article date:
- February 8, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Feb. 8 /PRNewswire/ -- Unistar Financial Service Corp. (OTC Bulletin Board: UNSF), has signed a letter of intent to acquire "7/24 Insurance Services, Inc.", based in San Diego, California. 7/24 (open 7 days a week, 24 hours a day) writes non-standard private passenger auto insurance throughout California. Unistar and 7/24 anticipate closing the transaction within a few days.
Marc A. Sparks, Chairman and CEO of Unistar Financial Service Corp., states, "Acquiring 7/24 Insurance Services will provide us with an excellent foothold into the California auto insurance market. We have been diligently searching for a transaction of this caliber. 7/24's fold into ...