NEW YORK, Feb. 19 North American InsuranceLeaders, Inc. (Amex: NAO) ("NAIL"), today announced that, in order to give itsstockholders additional time to consider and vote on the proposed acquisitionof Deep South and to allow time for the solicitation of additional proxiesrelated thereto, its annual meeting of stockholders originally scheduled to beheld on February 20, 2008 at 2:00 p.m. local time, has been postponed and willnow be held at 2:00 p.m. on February 29, 2008. The meeting will take place atits original location, the offices of Sidley Austin LLP at 787 Seventh Avenue,New York, New York 10019.
NAIL encourages all its stockholders to vote at the annual meeting.Stockholders that hold their shares in "street name" must provide the recordholder of their shares with instructions on how to vote. Such stockholdersare encouraged to work closely with their bank or broker to ensure their votesare counted with respect to the annual meeting.
In connection with its pending acquisition of Deep South, NAIL filed adefinitive proxy statement with the SEC on January 31, 2008. STOCKHOLDERS OFNAIL ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY AMENDMENTS ORSUPPLEMENTS THERETO BECAUSE THEY CONTAIN IMPORTANT INFORMATION. NAIL filesreports, proxy statements and other information with the SEC as required bythe Exchange Act. You may read and copy such reports, proxy statements andother information filed by NAIL with the SEC at the SEC's public referenceroom located at 100 F Street, N.E., Washington, D.C. 20549-1004. NAIL alsofiles its reports, proxy statements and other information electronically withthe SEC. You may access information on NAIL at the SEC web site athttp://www.sec.gov.
About North American Insurance Leaders, Inc.
NAIL is a special purpose acquisition corporation focused on acquiringbusinesses in the insurance or insurance related industry. NAIL raised netproceeds of approximately $110 million through its initial public offering inMarch 2006 led by CRT Capital Group LLC. On August 10, 2007, NAIL announcedthe signing of a definitive agreement to acquire the businesses of Deep SouthHolding, L.P. ("Deep South").
About Deep South
Deep South is a leading managing general agency distributing various linesof commercial property and casualty insurance. Deep South operates a fullservice managing general agency that underwrites and manages various lines ofcommercial property and casualty insurance, including commercial autocoverages, which it markets to independent retail insurance agents. Foradditional information on Deep South, please visit its website athttp://www.deep-south.com.
SOURCE North American Insurance Leaders, Inc.