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CIG Corp Discusses Current Market Conditions in a Client Teleconference

SOUTHFIELD, Mich., Oct. 9 /PRNewswire/ -- Osman R. Minkara, Managing Principal of CIG Corp., addresses the concerns of the financial markets in a teleconference with clients. Minkara stated, "The economic slow down is not of a typical recession and therefore traditional remedies might not work. This slow down is due to three main factors: housing slump, credit deterioration and over leverage, resulting from low interest rates, poor credit standards and excessive sub-prime lending, regardless of credit history."

"Although we believe that the Federal Reserve and U.S. Treasury are trying to address the liquidity crisis, we continue to be cautious on the performance of the financial markets in the near future. Most importantly, we continue to be cautious about the state of the economy over the next couple of years as any governmental bailout could have tremendous long term effects and may include higher taxes and inflation," continued Minkara.

Minkara concluded, "We have and continue to effectively manage these volatile conditions by managing market exposure and by offering quality products, among multiple asset classes. As a matter of fact, we see these times as a tremendous growth opportunity for our company and have seen a significant influx of client growth due to our investment approach and, in part, due to the recent market conditions."

To hear the detailed teleconference, visit us at http://www.cigcorporation.com .

CIG Corp. is a financial services boutique firm that offers sophisticated financial solutions and consulting for individuals and businesses. CIG offers its services through its wholly owned subsidiaries: CIG Securities, Inc. is a broker dealer, Member FINRA/SIPC capable of providing a wide range of securities transactions; CIG Risk Management, Inc. is an insurance agency that provides life and disability insurance products; CIG Asset Management, Inc. is a SEC Registered Investment Adviser which provides business consulting, asset management, and structured asset transactions; CIG Lending, Inc. provides brokered loans for residential and commercial use.

    Contact: Dina Gustafson
    Marketing Manager
    dgustafson@cigcorporation.com
    Ph: (248) 827-1010

Securities Offered Through CIG Securities, Member FINRA/SIPC. Investment Advisory Services Available Through CIG Asset Management, Inc., a SEC Registered Investment Adviser. Insurance Services Provided by CIG Risk Management, Inc. Lending Activities Performed Through CIG Lending, Inc. All are Wholly Owned Subsidiaries of CIG Corp.

SOURCE CIG Corp.

Tags: ,FIN,CCA,ECO,MI-CIG-Corp-conf-call

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CIG Corp Discusses Current Market Conditions in a Client Teleconference