N.E.W. Customer Service Companies Combines with Asurion Corporation

Los Angeles, June 1, 2008 - On June 1, 2008, shareholders of N.E.W. Customer Service Companies, Inc. (“NEW”) completed a combination with Asurion Corporation (“Asurion”), the leading provider of wireless handset protection programs. As part of this combination, existing NEW shareholders exchanged the majority of their shares in NEW common stock for newly issued common stock of NEW Asurion Corporation, the new parent holding company of NEW and Asurion, and redeemed their remaining NEW shares for cash. The NEW Asurion combination creates the preeminent U.S. warranty services company with the scale and combined capabilities to become a global leader.

About Asurion Corporation

Asurion is the global leader in Technology protection services. From lost, stolen and damaged wireless handsets to malfunctioning computers or HD-TVs, Asurion provides more than 75 million consumers worldwide with best-in-class, next day device replacement. The company can also protect user content and software. Asurion is the exclusive provider to many of the world's premier telecommunications and retail companies. Asurion is privately-held with more than 5,000 employees and operates in six countries across three continents. For more information, you may visit www.asurion.com.

About N.E.W. Customer Service Companies, Inc.

NEW is the leading provider of extended service plans, buyer protection services and product support, providing coverage to more than 150 million consumers worldwide. Founded in 1983, with headquarters in Sterling, VA, NEW provides post-sale consumer care for leading retailers, consumer services providers, wireless carriers and financial services firms. NEW has expanded its product offerings and now delivers a comprehensive customer care solution that begins on day one of the product purchase and extends through the end of the product lifecycle. For more information, please visit NEW at www.newcorp.com or call 1-800 WHAT'S NEW (1-800-942-8763).

About Freeman Spogli & Co.

Freeman Spogli & Co. is a private investment firm dedicated exclusively to investing in and partnering with management in retail, direct marketing and distribution companies positioned for growth. Since its founding in 1983, Freeman Spogli has invested approximately $2.4 billion in 41 portfolio companies with aggregate transaction value of $16 billion. Freeman Spogli has offices in Los Angeles and New York.

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