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Press release from CNW Group

EGI announces return of CEO

Tuesday, May 11, 2010

EGI announces return of CEO10:45 EDT Tuesday, May 11, 2010TORONTO, May 11 /CNW/ - EGI Financial Holdings Inc. (TSX: EFH) is pleased to announce today that Douglas McIntyre, its Chief Executive Officer, has returned to resume his duties, after a brief absence for health reasons. Medical tests have confirmed Mr. McIntyre's health condition is not chronic and is not expected to have any longer-term effects. << About EGI Financial ------------------- >> Founded in 1997, EGI Financial operates in the property and casualty insurance industry in Canada and the United States, primarily focusing on non-standard automobile insurance and other niche and specialty general insurance products. EGI Financial's common shares are traded on the Toronto Stock Exchange under the symbol EFH. << Forward-looking Information --------------------------- >> This news release contains forward-looking information based on current expectations. This information includes, but is not limited to, statements about the normal course issuer bid, operations, business, financial condition, priorities, targets, ongoing objectives, strategies and outlook of EGI Financial for 2009 and subsequent periods.This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a projection as reflected in the forward-looking information. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific. A variety of material factors, many of which are beyond EGI Financial's control, affect the operations, performance and results of EGI Financial and its business, and could cause actual results to differ materially from the expectations expressed in any of this forward-looking information.EGI Financial does not undertake to update any forward-looking information, except as required by law. Additional information about the risks and uncertainties about EGI Financial's business is provided in its disclosure materials, including its annual information form, filed with the securities regulatory authorities in Canada, available at www.sedar.com.%SEDAR: 00022868EFor further information: Douglas E. McIntyre, Chief Executive Officer, EGI Financial Holdings Inc., Telephone: (905) 214-7880