June 13th, 2008: USA Risk Group today announced it has agreed, subject to regulatory approval, to purchase a majority ownership in Cedar Management Limited, with the effective date of the change to be July 1, 2008. Messrs Tom McMahon, Mick Larkin and Dennis Silvia will remain as substantial shareholders and, along with the other members of staff, will work to ensure a smooth integration into the USA Risk family of companies.