Ct Healthmarket via BizWire
07-02-2003, 05:20 AM
OAK RIDGE, Tenn.--(BUSINESS WIRE)--July 2, 2003--Diversified
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that product liability
inspections for insurance industry clients increased by 23% through
the 2nd Quarter over the same six month period of 2002.
Warren Wankelman, Vice President of Marketing said, "DPI's core
business is providing product liability inspections for insurance
companies seeking subrogation recovery from manufacturers of faulty
products that resulted in claim loses. Through June of 2003, 4,610
evidence items have been received by DPI for inspection compared to
3,739 inspections for the same six month period in 2002, a 23%
increase. We continue to be encouraged by the increase in inspections.
This growth is a result of the Product Awareness & Subrogation
Seminars that are presented to insurance company claims managers,
adjusters and subrogation managers throughout the United States. Over
65 seminars have been held year to date nationwide."
Year Number of Inspections
2000 3,082
2001 4,673
2002 7,765
2003 4,610 - Year to Date (6 Months)
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tennessee,
Diversified Product Inspections, Inc. provides expertise and unbiased,
independent investigations on product failures, air contamination and
fire investigations of all multi-billion dollar markets which directly
impact three groups--the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation -- a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that product liability
inspections for insurance industry clients increased by 23% through
the 2nd Quarter over the same six month period of 2002.
Warren Wankelman, Vice President of Marketing said, "DPI's core
business is providing product liability inspections for insurance
companies seeking subrogation recovery from manufacturers of faulty
products that resulted in claim loses. Through June of 2003, 4,610
evidence items have been received by DPI for inspection compared to
3,739 inspections for the same six month period in 2002, a 23%
increase. We continue to be encouraged by the increase in inspections.
This growth is a result of the Product Awareness & Subrogation
Seminars that are presented to insurance company claims managers,
adjusters and subrogation managers throughout the United States. Over
65 seminars have been held year to date nationwide."
Year Number of Inspections
2000 3,082
2001 4,673
2002 7,765
2003 4,610 - Year to Date (6 Months)
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tennessee,
Diversified Product Inspections, Inc. provides expertise and unbiased,
independent investigations on product failures, air contamination and
fire investigations of all multi-billion dollar markets which directly
impact three groups--the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation -- a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
