Fiscal Year 2006 Results

Atlanta, GA - August 31, 2006 -  FOR IMMEDIATE RELEASE

From: Robert Soby, Executive Vice President

Financial

Custard Insurance Adjusters, Inc. announced today a summary of its financial results for the 2006 fiscal year end, ending June 30th, 2006. Custard is one of the largest independent adjusting companies in the US and Puerto Rico.

"We are pleased to announce the company experienced an extremely successful year, with an increase in revenue of 30.6% over the past fiscal year," stated Robert Soby, Executive Vice President. While a good portion of the revenue increase was directly related to Custard's Catastrophe Division, CIA also reported an increase in their non-catastrophe revenue as well, up by 14.9%. Soby further stated, "We are pleased to report that our annual rate of growth over the past four years has steadily increased, with an average growth rate of 18.5% over that same time frame."

Profits for the company have been equally positive. Due to the substantial amount of catastrophe claim activity, as well other business growth, Custard reported a rise in profit of over 40% last year. Since June 30th of 2002, CIA's average annual rate of profit increase has been 25%.

Catastrophe Operations

The newly formed Catastrophe Division experienced a very exciting year this year. David String joined CIA as Assistant Vice President of CAT Operations on September 1, 2005, and Donny Reed came on board later in September as Catastrophe Office Manager. Reed was later promoted to Assistant Director of Catastrophe Operations on January 1, 2006.

During this past fiscal year, the CAT division handled in excess of 12,000 CAT claims. Custard opened CAT offices in Mobile, Houston and West Palm Beach to serve their clients' needs, and handled flood claims in the Northeast.

Custard also redesigned its CAT training program last year. Since May, the CAT Division has held seven certification seminars throughout the US to train both CAT adjusters and CIA employees in procedures outlined in their new CAT Manual.

CIA also partnered with MSB/IntegriClaim to provide CAT adjusters and employees with a unified estimating software program. Catastrophe Agreements have been put into place with several major insurance client partners, as well as regional client partners. A new property TPA Division was recently formed, providing CIA with expanded capabilities to handle any property TPA program nationwide.

Sales & Marketing

"CIA’s aggressive sales and marketing strategies continue to play a significant role in achieving our growth objectives," states Soby. "With an eye on further expansion, we have added three new members to our national sales team. With each new sales professional, we realize an almost immediate revenue increase in that territory."

According to Soby, "Along with the maturation of our existing sales force, we have increased market share among our core partners, as well as positioned ourselves to capitalize upon unique national opportunities. Our strategic cross border alliance with SCM of Canada has opened the door to several North American programs. This association has proven to be very attractive to the international marketplace, which is an area we will continue to focus upon this year."

Soby states, "It has been an exciting and succesful year, but these results could not have come without a great deal of hard work by our entire organization, and for that we pass along our sincere appreciation. We look forward with great excitement to another year of continued growth and success."

"We must also recognize our loyal customers, many of whom have been with us for a number of years. A big note of thanks and gratitude goes to our customers. We greatly appreciate and value their business and loyalty over the past year, and we look forward to continuing that sucessful partnership in the future."

Custard Insurance Adjusters, Inc. is a privately held corporation and does not publish its results for general distribution. A brief summary has been provided for the benefit of clients and employees.


About Custard
Custard Insurance Adjusters, Inc. is one of the largest independent loss adjusting companies in North America. Headquartered in Atlanta, Georgia, Custard has over 600 employees and 240 offices serving the U.S. and Puerto Rico. The company is the largest, privately held adjusting company offering true multi-line services that include casualty, liability and property claims management as well as personal and commercial transportation services. Custard's specialty divisions also provide services in the areas of third party administration, catastrophe, environmental, international, investigation, litigation, subrogation, marine, and warranty & inspection services.

News Contact:
Susan Meadows
Custard Insurance Adjusters, Inc.
smeadows@custard.com