News

For Immediate Release July 1, 2005 SureTec Sells PCL Contract Bonding Agency HOUSTON, TX (June 30, 2005) - SureTec Financial Corp announced today that it has sold its subsidiary, PCL Contract Bonding Agency, located in Lewisville, Texas. The acquiring individuals include Clem Lesch, President of PCL, and a group of individuals associated with Independent Insurance Group, Inc., Dallas, Texas. John Knox, Jr., Chairman of SureTec, announced, “PCL and its principals, Clem and Pauline Lesch, have been, and will continue to be, major bond producers for SureTec. This transaction allows us to continue to focus on our core business as underwriters and provides PCL with additional market opportunities. It is truly a ‘win-win’ situation for all involved.” PCL, an NASBP member celebrating its 20th anniversary in business, has been one of the largest bond only producers in the State of Texas. Clem Lesch commented, "We have always been proud of our association with SureTec and consider it one of our valued markets. Under our new ownership, we will continue to build and foster that relationship". SureTec, through independent insurance agents and professional surety bond producers, specializes in underwriting contract surety, commercial surety, and related financial products, primarily in the State of Texas. For more information on SureTec, please visit www.suretec.com John Knox, Jr., Chairman SureTec Insurance Company (713) 812-0800 jknox@suretec.com * * * * *