Trucept Announces New Subsidiary Trucept Risk Management, Inc.

Rhea-AI Summary

Trucept Inc. (OTC Pink: TREP) has launched a new subsidiary, Trucept Risk Management, Inc., aimed at revolutionizing workers' compensation claims administration. The subsidiary focuses on reducing costs for Professional Employer Organizations (PEOs). President Andrew Jones highlighted the company's expertise in closing claims, which has resulted in significant savings for clients. Operating from Escondido, California, and Lehighton, Pennsylvania, Trucept offers a range of professional services to help businesses navigate growth.

Positive

• Launch of Trucept Risk Management, Inc. to enhance workers' compensation claims process.
• Focus on cost reduction for Professional Employer Organizations, leading to potential savings.
• Established expertise in claims management expected to drive client savings.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Trucept Inc. (OTC Pink: TREP) announced today its new subsidiary, Trucept Risk Management, Inc. Taking an innovative approach to the administration of workers’ compensation claims, the Company focuses on reducing Professional Employer Organizations’ costs.

Andrew Jones, Trucept Risk Management’s President, states, “Professional Employer Organizations pay millions each year for workers’ compensation claims. Trucept Risk Management prides itself on actively closing claims.”

Jones continues, “Our team of insurance experts take control of the full cycle of the workers’ compensation claims process.”

Trucept Inc. CEO Norman Tipton said, “The Company’s internal risk management has been using this model for several years. Our client PEOs have seen significant savings, and we believe it is time to take this to the next level with a subsidiary.”

Trucept Risk Management is based in Escondido, California, and has an office in Lehighton, Pennsylvania. Trucept Risk Management's parent company, Trucept, offers professional services that help businesses navigate growth. The Company’s professional services include:

• Marketing, technology, and Accessibility Act compliance services

• Insurance offerings and third-party administrator (TPA) services

• Payroll

• Human resources and management

• Employee benefits administration

• Accounting support

• Safety and risk management

For additional information, visit www.TruceptRisk.com.

About Trucept Inc.
True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://truceptservices.com/.

Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220324005191/en/

Andrew Jones

(858) 798-1620

info@truceptservices.com

Source: Trucept Inc.

FAQ

What is the new subsidiary launched by Trucept Inc.?

Trucept Inc. has launched a subsidiary named Trucept Risk Management, Inc.

How does Trucept Risk Management help Professional Employer Organizations?

Trucept Risk Management helps PEOs by focusing on reducing workers' compensation claims costs.

Where is Trucept Risk Management located?

Trucept Risk Management is based in Escondido, California, with an office in Lehighton, Pennsylvania.

What services does Trucept Inc. provide?

Trucept Inc. offers services including marketing, insurance, payroll, human resources, and risk management.

What is the stock symbol for Trucept Inc.?

The stock symbol for Trucept Inc. is TREP.