Car Insurance

Sirco International Corp (NASDAQ:SIRC) announced today that is affiliate RiderPoint, Inc. has received the necessary State licenses to begin selling motorcycle/watercraft insurance in the following States: Colorado, Illinois Indiana, Michigan, Minnesota, Maryland, Iowa, North Carolina and Wisconsin. With these States, RiderPoint expands its coverage to a total of eleven States. RiderPoint expects to have licenses in a minimum of 22 States by the end of the year. The Company plans to add these States to its comparative rater, RiderPoint I.Q. (Insurance Quote) over the coming weeks. Sirco’s subsidiary, WebQuill Internet Services, is currently working with RiderPoint to port RiderPoint I.Q. on to the Internet.

“Motorcycle/watercraft insurance is a blind marketplace. Most consumers do not have the time or patience to shop and compare insurance rates. The various factors within the major insurance companies give rise to significant differences in the rates for the same rider (in some cases as much as a $1,000 dollars). With our RiderPoint I.Q. software, the whole transaction from quotes to generating all the paperwork necessary to bind the consumer takes less than ten minutes”, said Craig Gironda, SVP of Sales & Marketing. “The new states expand the area that we can do business in with our unique insurance comparative rater. We now have approximately 45% of the motorcycle population of the United States covered with the addition of these states.”

RiderPoint, Inc is an innovative developer, marketer and administrator of insurance and financial services programs. The Company utilizes an integrated marketing and sales distribution system that leverages its’ existing network of dealers and independent insurance agents, the Internet and proprietary information systems. In addition to it’s website, riderpoint.com, the Company is currently developing and deploying predictive dialer phones and interactive kiosks, called RIC(TM) (Riders Information Center) in selected dealerships.

Sirco International Corp. is a diversified publicly traded company that invests in, develops and incubates Internet and telecommunications-related businesses. Sirco’s portfolio of businesses include its wholly-owned subsidiaries, Essex Communications, a New York based CLEC, WebQuill Internet Services, a Connecticut based ISP and Airline Ventures, Inc., a Texas-based E-Commerce Retailer; and its affiliates, Access One Communications, a Florida-based CLEC and RiderPoint, Inc., an online marketer of insurance and financial products.

This release contains forward-looking statements that involve risks and uncertainties. The Company’s actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; the Company’s ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which the Company can operate, access new markets, negotiate and maintain suitable reseller and interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.