Vsurance Inc.
(OTCBB: VSUR) "Vsurance, Inc. (VSUR) Positioned to be a
Market Leader in Pet Health Insurance"
Vsurance Inc. (OTCBB: VSUR) Detailed Quote: http://www.otcpicks.com/quotes/VSUR.php... Company Profile: http://www.otcpicks.com/vsurance/vsurance.htm...
Vsurance, Inc. (VSUR) Positioned to be a Market Leader in Pet Health Insurance According to the American Pet Product Manufacturers Association (APPMA), pet ownership in the US reached record levels in 2007, with 63% of all US households (approximately 71 million households) owning a pet. The US has the largest pet population in the world, but only about 2% of pet owners insure their animals. With much room for growth, the actively expanding pet insurance industry is expected to continue to grow by 25% from approximately US$ 200 million in 2006 to reach US$ 250 million in 2007, and it is projected to be a half-a-billion dollar industry by 2010. Vsurance, Inc. (VSUR), as a pet insurance company, provides an array of pet insurance products and numerous web-based companion animal resource sites for pet owners. All of the Company’s sales, marketing and insurance claims processing are Internet-based. In the US, only nine insurance providers compete in the pet insurance market, consequently leaving this market largely untapped. Of the nine insurance providers, VSUR has the best online exposure. VSUR offers a unique online reference library of pet health resources, a pet ID and lost and found service, and a variety of insurance policies for pets. This is an advantage that positions VSUR with comparatively low policy acquisition costs. Recently, VSUR has announced that it has assembled a database of more than 778,000 dog owners. The proprietary database, which will serve as a key distribution channel for Vsurance, enables the Company to cost-effectively market its pet health insurance products and services to dog owners. Vsurance Inc. CEO Russell Smith stated, "We are very pleased to have proprietary access of such an extensive pet owner database. This is an important milestone for the Company because it allows us to educate pet owners on the importance of pet insurance, as well as the other pet resource centers offered by the Company in a cost-effective and efficient way. We will continue to expand this proprietary database of potential customers as we move forward with our aggressive growth plan." As part of their active marketing campaign, Vsurance has also announced that it has signed in excess 40 additional licensed insurance agents in order for the company to meet the growing demand for its pet health insurance products as well as target new potential customers. The licensed insurance agents hired by Vsurance represent a substantial client base consisting of large groups, national associations, and major employers. The company believes that this established arrangement and product distribution channel will put their products and services in front of many potential pet owners in a cost-effective way. About Vsurance, Inc. Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP(TM) Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD(TM), Spot the Pet(TM), and Purrfect Pet Club(TM). Programs include life, liability and health insurance for pets, horses and other companion animals. For more information, you may visit their website at:
www.vsurance.com....
