CHICAGO, Nov. 17 /PRNewswire-FirstCall/ -- The Wyncrest Group, Inc. (Pink Sheets: WNCG), a leader in niche insurance and financial products and services, today corrected a previous statement. In a press release dated November 2, 2009, the company identified the partner with whom it plans to expand its efforts assisting homeowners as HomeFree USA rather than American Home Free Mortgage. Wyncrest has never been involved in any talks of partnering with HomeFree USA for strategic alliances or business cooperatives of any kind and sincerely apologizes for the confusion. The Wyncrest Group and American Home Free Mortgage intend to increase the success rate for homeownership of underserved communities in the U.S. With the delivery of essential financial skills and capabilities, the companies believe its clients will be enabled to build and sustain appropriate levels of wealth that have so far eluded them. American Home Free Mortgage is a licensed HUD Equal Housing lender, providing homeowners with financing that specifically fits their needs. All loans are processed from start to finish at one location, thereby improving the quality control and speed of the loan. About The Wyncrest Group (Pink Sheets: WNCG) The Wyncrest Group is a publicly traded company based in Chicago, Illinois, which provides insurance products and services through its Southwest Financial Group subsidiary. Southwest Financial has been in business for 21 years, has 22,000 clients, and sells through 250 representatives nationwide. During 2008, approximately $22 million in total insurance policy sales were generated, resulting in $1.1 million of commission revenues. WNCG plans to continue to grow Southwest Financial through discounted acquisitions of competing agencies and applying its IT advantage with a U.S. patent pending automated business method for managing the acquired client books to improve policy renewal retention and up-selling. The company expects that this strategy will reduce cost of sales by half compared to traditional origination methods. WNCG is also in negotiations with several acquisition targets developed over an ongoing two-year campaign to find distressed agencies and consolidate contract assets under one lower cost platform. Royalty income is expected from licensing insurance products patented under a new category of business methods, a strategy taken only by a few in a new class of small innovative insurance companies leading the industry. This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. WNCG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect WNCG's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause WNCG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. WNCG undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. The Wyncrest Group, Inc. Investor Relations: 9654 West 131st Street, Suite 215 1-630-215-5171 Palos Park, IL 60464 http://www.wyncrestgroupinc.com/ DATASOURCE: The Wyncrest Group CONTACT: Investor Relations of The Wyncrest Group, Inc., +1-630-215-5171, Web Site: http://www.wyncrestgroupinc.com/

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