Novus Further Strengthens Insurance Infrastructure

Teaming Up with the Nations Key Trucking Establishments

MIAMI, FL / ACCESSWIRE / January 9, 2017 / Novus Acquisition and Development, Corp. (OTC PINK: NDEV), a diversified insurance entity in health, liability and accident, and the nation’s first carrier/aggregator offering a cannabis supplemental health plan, announced today an alliance to create a health and accident insurance coverage plan that will focus on the deficiencies of operating costs in the freight trucking industry.

Novus added alliances with key trucking industry participants, Hikers, LLC and Truckers Solutions, in addition to its existing alliance with Porter Capital/Billing (collectively the “Alliance”). The Alliance will allow Novus to offer a bundled insurance program in health and accident for their 10,000 trucking members. The configuration of the plan was to offer benefit packages in health (non-cannabis) and commercial auto at a reduced rate. This was designed to recruit new drivers in an industry that has a shortage of 200,000 freight truckers with an immediate demand for 30,000 drivers. The roll out of the new bundled plan is estimated in the first quarter of 2017.

Frank Labrozzi, CEO, states, “This strategic move allows Novus’ infrastructure to procure new insurance clients that further support a diversified insurance business model. As President-Elect Trump enters office, centering his directive on new economic polices, restructuring new trade deals, new job prospects and increasing America’s GDP, the ever-increasing demand for truckers is eminent. Creating these bundled packages, Novus will help smaller trucking companies meet freight demand and increase their already slim profit margins due to the burden of high fuel prices and insurance costs. The estimated cost reduction is projected at 25%-30%, estimating NDEV gross revenue of $10,000 to $20,000 per truck driver annually. For Novus, pricing out the appropriate plan, will be simply to compete in pricing, giving us an optimistic position to gain market share from the Alliance with at least a 10% or higher on member procurement.”

In conclusion consumer spending was the economy’s main driver 2016, paving the way to a more balanced economy in 2017, with brisker growth in business investment and housing, the demand to move more goods to American consumers is certain.

About Truckers Solutions:

Truckers Solutions, LLC, was founded by truckers for truckers. With a combined history of over 100 years of experience in the trucking industry, it knows what it takes and has the connections to get the largest discounts in the industry on the products you need to run your business. Today, Truckers Solutions offer fuel discounts programs; web-site design options, tire discount programs and discounts on load document scanning services. Truckers Solutions is committed to offering its members cost effective solutions allowing them to reduce expenses, mitigate risks and to increase productivity. The current driver shortage is expected to get five times worse within the next five years if fuel and insurance cost are not reduced– whomever has the drivers will haul the freight. Truckers Solutions has listened to the needs of its fleet members and has several new driver benefits products. These products will permit your company to offer stronger benefit packages to your drivers allowing your company to stand out in a crowd – since you’re competing for the same drivers as the big fleets. Truckers Solutions is headquartered outside of Orlando, Florida. For more information, check out: http://truckerssolution.com.

About Porter Capital/Billing:

Porter Capital Corporation was formed in 1991 with the purpose of providing working capital solutions for a variety of businesses including transportation. In 2011, Porter Capital formed Porter Billing Services, LLC, which specializes in working capital solutions for transportation industry through capital freight factoring. Porter Billing serves small and mid-sized trucking companies throughout the United States by providing a flexible, entrepreneurial approach to the working capital needs of our clients.

Porter is headquartered in Birmingham, Alabama. For more information, check out: http://porterbillingservices.com.

About Hikers LLC:

Hikers LLC is a national hiking/drive-away carrier operating out of Los Angeles hiring drivers on an as-needed basis as independent contractors who can move light or heavy duty rolling stock within 48 states.

For more information, check out: http://hikersllc.com.

About Novus:

Novus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, provides health insurance and related insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has developed its infrastructure within many lines of the insurance business such as, health, property & casualty, life, accident and fixed annuities.

Novus medical cannabis benefits package will work as outside developers and will not cultivate, handle, transport grow, extract, dispense, put up for sale, put on the market, vend, deliver, supply, circulate, or trade cannabis or any substances that violate the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws. The statements made about specific products have not been evaluated by the United States Food and Drug Administration (FDA) and are not intended to diagnose, treat, cure or prevent disease. All information provided on these press releases or any information contained on or in any product label or packaging is for informational purposes only and is not intended as a substitute for advice from your physician or other health care professional. Once a push notification is competed the transaction is solely between the state-licensed dispensary and the registered patient.

The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state designated laws, allowing the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any such change in the federal government’s enforcement of current federal laws could cause significant financial changes to Novus Medical Group. While we do not intend to harvest, distribute or sell cannabis or cannabis related products, we may be harmed by a change in enforcement by federal or state governments.

For more information, check out: http://www.getnovusnow.com
For NDEV 3rd Quarter Financial Filing: http://bit.ly/2hNHQSg
Learn How Insurance Companies Are Evaluated: http://bit.ly/2ddIYva

Forward-Looking Statements:

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Novus Medical Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:

Corporate:
Chairman and CEO
Frank Labrozzi
frank@ndev.biz
855-228-7355

Investors:
Hayden IR
hart@haydenir.com
917-658-7878

SOURCE: Novus Acquisition and Development, Corp.

ReleaseID: 452340