Americo Completes Acquisition of Financial Industries Corporation

Financial Industries Corporation (FIC) (PINKSHEETS: FNIN) announced today that yesterday Americo Life, Inc. (Americo) completed the acquisition of FIC through the merger of an indirect, wholly-owned subsidiary of Americo with and into FIC.

As previously announced, FIC stockholders are receiving $7.25 per share in cash for their shares of common stock of FIC. The paying agent for the merger will send each FIC registered shareholder a letter of transmittal and instructions explaining the procedure to surrender certificates representing shares of FIC common stock in exchange for the merger consideration.

FIC, through its Investors Life Insurance Company of North America subsidiary, administers a closed block of individual life insurance and annuity products. Americo Life, Inc. is a financial services holding company whose subsidiaries are primarily engaged in providing life insurance and annuity products.

---

   _   _