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Atlantic American Corporation (Nasdaq: AAME) today announced that, on March 8, 2011, it received from The Nasdaq Stock Market (“Nasdaq”) Listing Qualifications Department a letter indicating that the Company had regained compliance with the audit committee composition requirements of the Nasdaq Listing Rules.
“We are pleased to have regained compliance with all Nasdaq listing requirements and to have this matter fully resolved. Now we look forward to focusing on continuing our company’s successes and bringing additional value to our shareholders,” said Hilton Howell, Chairman, President and Chief Executive Officer.
Atlantic American is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, property and casualty insurance industries. Its principal insurance subsidiaries include American Southern Insurance Company, American Safety Insurance Company and Bankers Fidelity Life Insurance Company.Note regarding Private Securities Litigation Reform Act: Except for information regarding historical facts contained herein, this press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that Atlantic American Corporation has filed with the Securities and Exchange Commission.