Board Approves ESOP Stock Repurchase Plan


P R E S S    R E L E A S E

Okemos, MI -- September 14, 2009 -- The ASU Group, a leader in insurance claim and administration services, today announced that its Board of Directors has approved a stock repurchase program, effective September 2009. After former employees are paid in full under the terms of the company Employee Stock Ownership Plan and in accordance with current ERISA and IRS regulations, ownership will reside solely with current employees.

"This stock repurchase program demonstrates the confidence we have in our company and shows our commitment to deliver long-term value to current and new markets," said Kim Pavlik, chief governance officer.

"The strength of our balance sheet enables us to continue to actively invest in areas that we believe will drive future value for our employee-owners, and makes us a more agile enterprise for the future," added Tara O’Connor-LaRose, President and CEO.

The stock repurchase program will be funded using the company's working capital.

About The ASU Group

The ASU Group became a privately-held ESOP in 1982 and is one of only a few companies in the country that is 100% owned by the ESOP. The company provides independent claim adjusting, case management, medical bill review and third party administration to insurance companies, self-insured property and casualty organizations and individuals throughout Michigan, several Midwest states as well as Louisiana. The company has also become active in the geriatric care management market with a new product called Age Navigation.

Contact:

The ASU Group
Theresa Cooper
517.381.7913