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Since NAO will not be able to complete its proposed acquisition of theinsurance businesses of Deep South Holding, L.P., the NAO Board of Directorsis now considering alternatives that may be in the best interests of the NAOstockholders, including the adoption of a plan of dissolution and liquidationin accordance with applicable provisions of Delaware law.
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About North American Insurance Leaders, Inc.
North American Insurance Leaders, Inc. is a special purpose acquisitioncorporation focused on acquiring businesses in the insurance or insurancerelated industry. NAO raised net proceeds of approximately $110 millionthrough its initial public offering in March 2006. On August 10, 2007, NAOannounced the signing of a definitive agreement to acquire the insurancebusinesses of Deep South Holding, L.P.
SOURCE North American Insurance Leaders, Inc.
