Greg Lindberg Announces Sale of His North Carolina Insurers For $307 Million

Greg Lindberg

Upon closing, the insurance companies will be in a position of excellent financial strength to meet all policyholder obligations.”

— Greg Lindberg

DURHAM, NORTH CAROLINA, UNITED STATES, December 6, 2022 /EINPresswire.com/ — A binding stock purchase agreement for the sale of all of Greg Lindberg’s North Carolina insurance companies was signed on Friday, Lindberg reports. The sale of stock by GBIG Capital, LLC to Universal Financial Holdings, LLC will allow all four of Lindberg’s North Carolina insurance companies to exit rehabilitation and will allow policyholders to access all of their policy benefits upon closing, Lindberg says.

“The buyer group is backed by reinsurance from an investment firm with over $1 billion in capital under management and includes a well-respected former insurance regulator,� Lindberg reports.

Upon completion of this sale transaction, including assets held in reinsurance trusts, the North Carolina insurers formerly owned by Lindberg will have $337 million of capital and surplus and will have $3.22 billion in total assets. Total cash and liquid assets, including assets held in reinsurance trusts, shall be $2.1 billion which is equivalent to approximately 95% of the current annuity account value – an extraordinarily high liquidity number in relation to annuity account value.

“With $337 million in capital and surplus and $2.1 billion in liquidity the insurance companies will be in a position of excellent financial strength to meet all policyholder obligations,� Lindberg reports.

Global-Growth related assets that are backing policyholder liabilities (other than assets in the surplus account) shall be no more than $462 million and shall consist of assets that are fully underwritten and approved by the buyer group, Lindberg says. All of these assets are in existing change of control or change of ownership trusts with independent trustees that have been approved by numerous regulatory bodies, lenders, and banks as being not affiliated or controlled by Greg Lindberg.

Lindberg says that the sale is contingent on approval of the new ownership group from the North Carolina Department of Insurance.
“I’ve done my part to protect policyholders. Now it’s up to NC Insurance Commissioner Mike Causey to do his part and approve this sale so policyholders can access their funds,� Lindberg says.

Once this sale transaction closes policyholders will be able to access their full policy benefits, Lindberg says.

“Mr. Lindberg has endured numerous federal and state claims regarding his insurance operations over the last four years. This sale indicates that these claims have been demonstrably false,” says Susan Estrich, spokesperson and attorney for Lindberg. “It’s time to stop dog piling claims on Lindberg and allow this sale to proceed so policyholders can access their funds,” says Estrich.

Lindberg reports that Global Growth has over $1.2 billion in pending transactions to facilitate Global Growth’s exit from the insurance business. “The constant stream of false accusations about me and my companies only serves to harm our access to capital markets. None of this helps policyholders,� Lindberg says.

About Greg Lindberg.
Greg Lindberg is an entrepreneur, a leadership coach, an author, and a father. His latest book describing his time at Federal Prison Camp Montgomery can be downloaded at www.greglindberg.com or purchased on Amazon. Over the course of his career, he has acquired and transformed more than 100 companies that were either failing or underperforming, each time finding and empowering great talent—people with the same commitment to hard work, learning, entrepreneurship, and a roll-up-your-sleeves attitude. Today, these companies are worth billions of dollars and employ 7,500 people. In 2020, he founded Interrogating Justice, a non-profit organization whose mission is to bring awareness and help advance solutions that hold corrupt government actors accountable, ensure fairness in sentencing, support reentry, and provide access to justice for all. To learn more visit interrogatingjustice.org

Greg Lindberg
633 Days LLC
email us here

Atlanta’s Cornerstone Investment Partners Hires Paul Slakter as Head of Business Development

Senior Institutional Sales Executive Paul Slakter Joins Atlanta Asset Manager Cornerstone Investment Partners in a Newly-Created Role Focusing on Outreach

Paul’s enthusiasm, intelligence, & long-standing relationships will help Cornerstone serve our existing clients & introduce our unique investment strategies to more institutional and retail investors”

— John Campbell, Chief Investment Officer

ATLANTA, GEORGIA, UNITED STATES, December 6, 2022 /EINPresswire.com/ — Paul Slakter joins Atlanta asset manager Cornerstone Investment Partners. Paul will be taking on a newly-created role as Head of Business Development, with a focus on global institutional outreach.

Paul will identify and develop new client relationships across Cornerstone’s suite of large cap and small cap equity strategies. Paul is joining Cornerstone from Resolute Investment Managers, the parent company of American Beacon Advisors, where he was VP of Institutional Sales and Head of Consultant Relations. At Cornerstone, he was named a Partner and will work closely with Head of Consultant Relations Tom Builder on new external relations and assist in client service.

â€�We’re excited to welcome Paul to the Cornerstone team,” said Cornerstone’s Chief Investment Officer John Campbell. “His enthusiasm, intelligence, and long-standing relationships across the industry will help Cornerstone better serve our existing clients and introduce our unique investment strategies to a larger base of institutional and retail investors.â€�

Before he joined Resolute, Paul was most recently a Director of Consultant Relations and Institutional Sales at RidgeWorth Investments and its acquirer Virtus Investment Partners. Prior to joining the asset management industry in 1998, Paul was a corporate attorney. He graduated from Union College and Fordham University School of Law.

â€�I am looking forward to joining Cornerstone,” said Paul. “They have a platform of time-tested value-oriented strategies and a collection of exciting newer portfolios in the small- and smid-cap asset classes. Most importantly, Cornerstone’s team is singularly focused on delivering excellence in investment and client service.â€�

ABOUT CORNERSTONE INVESTMENT PARTNERS:
Cornerstone Investment Partners is a Registered Investment Advisor with approximately $2.1bn in assets under advisement as of 9/30/2022. Based in Atlanta, Cornerstone manages a range of value-oriented equity strategies across large-cap and small-cap asset classes for institutions and individual investors around the world. Originally founded in 2001, it is independently owned by its employees.

Rick van Nostrand
Cornerstone Investment Partners
+1 404-751-3900
cip.marketing@cornerstone-ip.com

Group Sport NFTs: World-Wide Access for a World-Wide Audience

Group Sport

LOS ANGELES, CALIFORNIA, UNITED STATES, December 6, 2022 /EINPresswire.com/ — “There are five billion football fans around the world, with Latin America, the Middle East and Africa representing the largest fan bases.â€� FIFA The world’s most popular sport is enjoying the every four year spectacle of the world cup right now, with dramatic stories such as powerhouse Argentina falling to Saudi Arabia, or dominant Germany falling to Japan in the opening round of the tournament. Stories like these underline how global the sport is. At the same time, the elite level professional game is played in Europe and the UK. Star players like Lionel Messi leave their home countries, like Argentina, once they reach a certain level of excellence for the top tier leagues of Europe. Messi made his name in Barcelona and currently plays in Paris.

This means the European game has a passionate world-wide audience watching their home country heroes playing the world’s best, whether for Chelsea or Barcelona, Paris Saint-Germain or Bayern Munich. Most of these fans will never be able to travel to London or Paris, but they still want an intimate experience of their favorite teams.

NFTs have proven their utility in creating ownership of intangible assets. Group Sport, a company focused on top-tier European football club ownership, is using this proven utility to give fans the “ownership experience� of what they want most, a rich experience of their favorite teams and players. Group Sport is selling memberships via NFTs, giving life-long access everything from season tickets, to fan events, and even travel opportunities in real life, as well as special access to the metaverse Group Sport is building around each of their teams. So fans in Delhi, Lagos, Tokyo and Riyadh can attend games in a digital twin of the team’s home stadium, view the game from any angle, shop for merchandise, meet other fans, and even have a party with their friends in a virtual space after the game. These memberships can be handed down through the generations, thanks to NFT technology, or sold to other fans. Group Sport is also creating a DAO for the NFT community, so they can have meaningful input into how the teams and the metaverse run.

One virtual asset comes with every NFT; a limited edition copy of an original football themed painting created by renowned artist Jeffrey Kroll, official artist of the London Olympics, exclusively for Group Sport.

Group Sport also plans to create a digital twin of every club’s home city, allowing fans to get to know the people and places their heroes know, even if they are on the other side of the globe. NFT holders will get special access to virtual events, can go shopping, get their own “homes�, and eventually even visit historic sights and museums. So if they ever do visit they will be able to get around and even visit friends they made in their virtual travels.

Creating an asset from an experience is another way NFTs and blockchain technology can empower communities and make connections between people possible around sport, humanitarian causes, civil society and more.

Group Sport is the world’s first professional sports DAO. Group Sport acquires sports teams, creates metaverses, and through the DAO, merges in-real-life team gameplay with the metaverse. Top-tier clubs are wrapped in a state-of-the-art metaverse, so no matter where you are, on the pitch or the other side of the world, you can be close to your team and the fans. Using Web3, Group Sport members of the DAO can have a real influence on the direction of the clubs and real connection with the players – democratizing professional sports. Javier Perez, an international football/soccer executive, leads the team changing professional sports and the ownership experience for the fans.

Group Sport has enlisted Cosmic Wire, the Web3 solution, to bring its vision to life by creating the most personal and engaging fan experience for international football lovers worldwide. Group Sport acquires sports teams and creates individual metaverses and representative D.A.O.s for them. Through the D.A.O., Group Sport blurs the lines of what it is to be a fan with exclusive access to the teams in the metaverse and real life. No matter where or who you are, be a part of the game, be part of the team. As a member of the D.A.O., your decisions impact the club. You are also part of the club with exclusive elite access, private events, more profound experiences, and unique D.A.O. member-only rewards. Group Sport will release its first D.A.O. membership in the coming weeks.

For more information about Group Sport:
Website: https://www.groupsportltd.com
Facebook: https://www.facebook.com/groupsportltd
Twitter: https://twitter.com/GroupSportLtd
Instagram: https://instagram.com/GroupSportLtd
Discord: https://discord.com/invite/m6edBBaC9A

About Cosmic Wire
Based in Los Angeles, Cosmic Wire is a platform agnostic Web3 entertainment technology company that offers brands, celebrities, artists, and IP collectors the ability to enhance, promote, license, and sell their work. Cosmic Wire creates NFTs with a purpose and expands the value of iconic physical and digital assets using tools such as blockchain, NFTs, and immersive experiences. Staffed by some of the very best in the industry, Cosmic Wire’s completely internalized development, marketing, and sales teams support clients from concept to close. Cosmic Wire believes that a proper client contract provides a shared experience of success for Cosmic Wire and their clients so that Cosmic Wire succeeds when its clients do.

Website: https://www.cosmicwire.com
LinkedIn: https://www.linkedin.com/company/cosmicwireinc
Facebook: https://www.facebook.com/cosmicwire
Twitter: https://www.twitter.com/cosmicwireinc
Instagram: https://www.instagram.com/cosmicwireinc
Discord: https://discord.gg/cosmicwire
For More Information:
Rubenstein Public Relations
Steven Weiss
sweiss@rubensteinpr.com
Direct: (212) 805-3062

Cosmic Wire
Alan Wallace
press@cosmicwire.com
Direct: (917) 524-7440

Javier Perez
Republic One Capital
+1 310-936-9500
email us here
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Body Rocker The Executive Producer Of The New Anthem “Come On England� Believes England Will Win At The World Cup 2022

“Come On England� is a new England football song by Body Rocker

LONDON, ENGLAND, December 6, 2022 /EINPresswire.com/ — Executive Producer Body Rocker says, “I think this is the best England football squad we’ve seen in a very long time! They are not letting in many goals and they are scoring plenty of goals. I believe this England team has come here to win, I can tell by their attitude. I think if England beat France in the quarter final’s, they will win the world cupâ€�.

With the help of Dan George, Chad Beesley, and Kimona, executive producer Body Rocker, a recent signee of Body Rocker Records, has created a new and inspiring England Anthem that came out on Friday 26th October 2022, marking the 159th anniversary of England’s Football Association (FA).

Described as an amazing release, this track is aimed at motivating England’s national football team and its fans heading into the Qatar World Cup. The short and sweet song is filled with meaningful words that will get the fans going from the very first chord. The infectious vibe of the song is not only catchy but also helps bring fans together in their support of England’s national team.

Body Rocker was previously involved in the well-known garage group, Genius Cru, who reached number 12 and 39 in the UK pop charts with their songs Boom Selection and Course Bruv.

The team at Body Rocker Records is anticipating an even big reception to the new anthem, and they’re on track to do so given the numbers the song has already garnered since its release.

The Beat London 103.6 fm has added the song “come on England� to their A list and has shown massive support to the new England football anthem, paving the way for the other radio stations in the UK and worldwide.

Listen to “Come On England� on YouTube: https://www.youtube.com/watch?v=A4hN_bXY8Ck

Follow Body Rocker on Instagram @iambodyrocker
To learn more, visit: https://bodyrockermusic.com/bodyrocker

About England Football Team
Since the first international game in 1872, the England national football team has been a key player in international football. Kane, Foden, Sterling, Saka, Grealish, James, and Mount are some of the most highly rated players. England have made it to the quarter-finals against France and hopes are high that they can repeat their 1966 world cup glory when they last won the trophy. This song should get everyone around the country singing “Come On England�.

Body Rocker
Body Rocker Music
bodyrocker@bodyrockermusic.co.uk
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Black and Brown Capital Announces its 2023 Goals of $300 Million

LOS ANGELES, CA, USA, December 6, 2022 /EINPresswire.com/ — Black and Brown Capital Group (www.blackandbrowncapitalgroup.com) announces its 2023 goal of providing $300 Million in funding for Black and Hispanic Businesses and Communities. The funds come from big brand national companies and financial institutions, which have a social justice and racial equality mandate to fight the wealth gap through the funding of minority-owned businesses. Green Global Funding will also be contributing resources as part of its efforts to facilitate Black and Brown Capital Group’s initiatives.

Black and Brown Capital Group has been formed to facilitate Equity Equality for Black and Hispanic Businesses. Black and Brown Capital Group provides funding to minority owned companies and provides social media and digital related services to help these companies grow. This creates independent sustainable businesses that can support their communities with jobs and success. This is referred to as Equity Equality.

The core team of Black and Brown Capital Group has over three decades of civil rights activism, successful investment returns, company building, venture capital and political engagement experience. The success of this program requires interaction with social activist groups that support similar initiatives.

Minority Owned Business Funding Gap

Just 2% of businesses with employees are African Americans owned according to a report from the Alliance for Entrepreneurial Equity. African American households, which made up nearly 16% of the US population, held just under 3% of overall wealth according to a Federal Reserve 2019 Survey of Consumer Finances. White households, by contrast, held nearly 87% of the wealth even they represent 68% of the population.

While there has been no lack of entrepreneurial ventures among African Americans in the United States, says Fernando Green CEO of Green Global Funding Inc. systemic racism and a persistent lack of adequate support and funding from banks throughout the United States has made it much harder for African Americans and Hispanic owned businesses of all sizes to thrive.

In the first half of 2021, just 1.2% of total US venture dollars went to African American owned Companies says Ralph Henderson, the CEO of BT Capital now partner and founder of Black and Brown Capital Group. Currently 8 out of 10 African American owned businesses fail within the first 18 months. This is largely because African American owned business owners cannot receive the necessary capital to maintain and grow their business.

Black and Brown Capital Group
Fernando Green (fgreen@blackbrowncapitalgroup.com), Ralph Henderson (rhenderson@blackbrowncapitalgroup.com) and Jay Chapler jchapler@blackbrowncapitalgroup.com

Fernando Green
Black and Brown Capital Group
+1 646-242-1266
fgreen@blackbrowncapitalgroup.com
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