November 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Concordis Group, Inc. (CNGI.PK), a financial holding company, said that it has engaged Malone Bailey, LLP as the company's new independent audit firm.

Trent S. Sommerville, CEO of Concordis said that the move is an additional step to become fully reporting thereby allowing the company to move to a higher exchange.

Malone Bailey offers a range of audit, tax and business services that include preparation of audited financial statements, tax compliance, and various consulting services for small cap companies.

According to Concordis, Malone Bailey is currently conducting due diligence and will begin its full audit in early 2011.

Concordis provides business insurance solutions through its two wholly own subsidiaries, Concordis Insurance SPC and Concordis Capital, Inc. CISPC, a Cayman Island corporation, is a captive insurance company that specializes in structuring and managing alternative risk management solutions for mid-market companies.

CCI, a Florida corporation, provides captive cell funding for CISPC and other businesses and organizations.

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