Motor Club of America Renamed – Now

July 2, 2001

New Jersey-based Motor Club of America announced that it had completed a name and identity change. Effective July 1 it will be known as Preserver Group, Inc., and will trade on the Nasdaq under the symbol “PRES.”

“This is a significant day for our Company, as it marks an important milestone in our development,” stated Board Chairman Archer McWhorter. “We are becoming the small and mid-sized commercial lines company we said we would become, and this name change is additional evidence of that progress, backed by our business that continues to evolve rapidly.”

Preserve Group includes its commercial lines operations in New Jersey, Mountain Valley Indemnity Co. in New York and several New England States, North East Insurance Co. in Maine and the Motor Club automobile operation in New Jersey.

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