United States, Vi... "Overview Quote Advantage Insurance Services provides instant access to insurance quotes and valuable insurance related tools and information to consumers via the Internet. Insurance quotes include and will include life, health, auto, homeowners, renter, long-term care, mortgage protection, and supplemental products including cancer, medical expense, disability income, and dental insurance. Tools and consumer information will include articles, FAQs, online forums and discussion groups, online calculators and e-tools, online applications, along with other online services related to the different insurance products. Quote Advantage’s target market is very broad and includes the growing number of do-it-yourself insurance and financial services consumers. Currently, we market products in the United States, but look to offer quotes and consumer information to insurance shoppers in other countries as we grow. Quote Advantage was started in November of 1998 and is based in Salem, Virginia. The main web-site is located at www.qainsurance.com. Other sites that are specialized and used to draw traffic include www.quoteadvantage.com and www.life-insurance-center.com. All start-up capital has been provided by Founder/CEO Steve Davidson. Revenues have been derived from the direct sale of life insurance products, and lead generation fees from quotes given on other insurance products. Market Entry Since its inception, Quote Advantage has focused on web-site development and programming, licensing, and the direct sale of term life insurance products. The company has succeeded in these efforts by minimizing overhead. In addition, Quote Advantage has initiated a Financial Institutions marketing program. Through this program Quote Advantage has placed links on the web-sites of credit unions across the country. These credit unions combined membership base is currently over 300,000 members. Quote Advantage continues to bring in new credit union clients, aiming to market to a membership base of over 1,000,000 members by year-end 2000. The majority of revenues have stemmed from limited advertising and search engine position via the internet. Exit Strategy Management is positioning Quote Advantage as a future leader in online-insurance sales. Capital Use $2 million in capital will be used for further web-site development, increase PR, hire staff, and increase advertising. Management Steve Davidson, Chief Executive Officer Mr. Davidson is acting CEO of Quote Advantage Insurance Services. Steve is also CEO of DBS Agency Inc., which works with nearly 150 credit unions in the eastern United States. DBS Agency ...
Chief Operating Officer