Improves Efficiencies in Administration and Sales
MIAMI, FL / ACCESSWIRE / February 6, 2017 / Novus Acquisition and Development, Corp. (OTC PINK: NDEV), through its wholly owned
subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, liability, annuity, and accident, and the
nation's first carrier/aggregator offering a cannabis health plan, announced today the addition of Kerr Insurance Brokers, Inc.
("Kerr") to act as Novus' Third Party Administrator in policy underwriting activities and closings of lead generation.
As Novus' marketing efforts are becoming more effective, the geo-fencing and cross digital device marketing platform strategies
are beginning to produce measurable results. Leads are flowing in more consistently, so it was appropriate now to align with Kerr
Insurance Brokers who will handle all the administrative duties for Novus. Third-party administrators (TPA's) provide a variety of
services to the insurance industry. In regards to Novus, Kerr will assist with the new lead generation opportunities and help
expedite the closing of customer policies, while providing timely customer service and help in underwriting of policies.
Kerr will also provide risk management, billing services, insurance agent training, data and analytics, and in some cases give
expertise in expansion to new markets. Novus views Kerr as an experienced guide in claims handling, and most importantly, truly an
extension of the sales department that will procure patient members for Novus more expeditiously, without increasing overhead or
the burn rate. This alliance will free up Novus to concentrate more on marketing efforts in lead generation and the expansion of
patient benefit packages.
Frank Labrozzi, Novus' Chief Executive Officer, stated, "We are confident in Kerr's ability to deliver quality assurance metrics
and cost analysis that show that the Novus MedPlan is being handled and serviced in a professional, timely, and cost effective
manner. Kerr's contract includes a 35% fee on administrative and patient procurement, a 15% cost reduction to Novus's bottom line,
since the typical cost to an insurance company is approximately 50%. We view this as an optimal way to conduct business in being
able to deliver high quality service and deliver high margins to our insurance programs."
Andrew Kerr, Kerr Insurance Brokers' Chief Executive Officer, stated, "We are excited to work more closely with Novus MedPlan
and assist in their administration and sales operations. While we have been shareholders of Novus well before we became their TPA,
we have been impressed with the company's management and intimate knowledge of the MMJ industry. Not only do they possess the
foresight to see the potential for where this industry is headed, but they also understand the needs for patients to access
affordable alternative care. The culture Novus has developed is nothing shy of high quality and care for policyholders, as well as
shareholders. Kerr Insurance has built it's business with these same values and we look forward to working with Novus to deliver
exceptional healthcare to the industry, and we now look forward to being active in helping their business grow in an efficient and
scalable model."
About Kerr Insurance Brokers, Inc.
Kerr Insurance Brokers, Inc. is a business founded by Andrew T. Kerr , Rebecca H. Kerr, and Mike Ginsberg in 2008. Kerr
Insurance Brokers, Inc. is an independent insurance firm that accesses over 150 commercial insurance companies and health insurance
companies. Kerr insures over 450 businesses throughout California and other western states. We believe the future of our economy is
the small business sector and, as technology advancements take place, more independent small businesses and consulting firms will
open their doors. These disruptive industry trends will continue to create new regulatory changes and economic shifts that will
forever change the way businesses operate in the United States. Like never before, the small business sector will require a risk
management relationship that can manage liability, keep employees protected, and understand the dynamic of a small business culture
without conflict and limitations.
For more information, please visit: http://www.inskerr.com.
About Novus
Novus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, provides health insurance and related
insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has developed
its infrastructure within many lines of the insurance business such as, health, property and casualty, life, accident, and fixed
annuities.
Novus medical cannabis benefits package will work as outside developers and will not cultivate, handle, transport grow, extract,
dispense, put up for sale, put on the market, vend, deliver, supply, circulate, or trade cannabis or any substances that violate
the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state
and federal laws. The statements made about specific products have not been evaluated by the United States Food and Drug
Administration (FDA) and are not intended to diagnose, treat, cure, or prevent disease. All information provided on these press
releases or any information contained on or in any product label or packaging is for informational purposes only and is not
intended as a substitute for advice from your physician or other health care professional. Once a push notification is competed,
the transaction is solely between the state-licensed dispensary and the registered patient.
The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated
that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by
state designated laws, allowing the use and distribution of medical marijuana. However, there is no guarantee that the current
administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any
such change in the federal government's enforcement of current federal laws could cause significant financial changes to Novus
Medical Group. While we do not intend to harvest, distribute, or sell cannabis or cannabis related products, we may be harmed by a
change in enforcement by federal or state governments.
- For more information, please visit: http://www.getnovusnow.com - For
NDEV 3rd Quarter Financial Filing: http://bit.ly/2hNHQSg - Learn How Insurance Companies Are Evaluated: http://bit.ly/2ddIYva
Forward-Looking Statements
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current
expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of these factors include: general global economic conditions;
general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the
expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve
commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy;
changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not
anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Novus Medical Group disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events, or otherwise.
Contact Information
Corporate: Chairman and CEO Frank Labrozzi frank@ndev.biz 855-228-7355
Investors: Hayden IR hart@haydenir.com 917-658-7878
SOURCE: Novus Acquisition & Development Corp.