IFLH Signs Letter of Intent to Acquire Insurance Agency

DALLAS, April 4 /PRNewswire-FirstCall/ -- InterFinancial Holdings, Corp. (OTC Pink Sheets: IFLH - News) announced today that the Company has signed a letter of intent to acquire DPG (Drivers Protection Group, LLC), a Texas Limited Liability Company which is affiliated with Nationwide Insurance. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $148 billion in assets. Nationwide ranks 118th on the Fortune 500 list. DPG is currently in the process of finalizing an auto dealer program which includes roadside assistance, gap insurance, single interest, auto replacement warranty, and other gap type products. Once this acquisition is completed, InterFinancial will be able to offer auto insurance to each and every one of its existing accounts. In addition, InterFinancial will be able to pre-package and bill insurance products at loan origination. The synergy between DPG and its parent company will have benefits to the company's account management and bottom line. InterFinancial Holdings, Corp. is in the process of making several acquisitions in exchange for its common stock. By building a conservative financial statement with qualified monthly income, the company feels that it will be able to market itself as a growing commercial bank and finance company that targets companies in the financial arena in order to facilitate significant shareholder growth.