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AssuranceAmerica Corporation Reports a $2.4 Million after Tax Charge from a Goodwill Write Down in 2008 Results.

Publication: Business Wire
Publication Date: 20-FEB-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ATLANTA -- Atlanta-based ASSURANCEAMERICA CORPORATION (OTCBB: ASAM) today announced its unaudited financial results for December 2008 and the twelve months ended December 31, 2008.

Revenues for the twelve month period of 2008 increased 8% to $63.2 million, with December revenue up 15% to $5.4 million over December 2007.

Pre-tax earnings for December 2008, excluding a goodwill impairment charge of $3.4 million, decreased 83% to $14,000, compared to $80,000 in...

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