The Alcott Group and the American Fidelity Corporation Announce Partnership

(Farmingdale, NY) -  The Alcott Group, New York State's leading Professional Employer Organization (PEO) providing comprehensive Human Resources (HR) services, announced today that it has formed a partnership with American Fidelity Corporation (AFC), parent company of American Fidelity Assurance Company, one of the largest, private, family-owned insurance companies in the United States.  Through this alliance under Alcott HR Group, AFC will provide Alcott with additional resources to expand its national presence. Alcott operates from its headquarters in Farmingdale, NY; Buffalo, NY Western Division office; and Manhattan office. American Fidelity Corporation is headquartered in Oklahoma City, OK.

According to Alcott President Louis Basso, who along with Executive Vice President Barry Shorten, founded Alcott in 1986, "This new relationship will provide Alcott the ability to offer our clients a wealth of new products and services at competitive pricing achieved through even greater economies of scale."

"We are excited about entering the growing PEO market and our new relationship with The Alcott Group," said American Fidelity Corporation President and CEO Bill Cameron.  "Their knowledge and background specializing in small and medium-sized employers is a great fit.  Alcott's expertise in employee benefits and HR services will give additional marketing opportunities to our group of companies enabling them to provide benefits to a diversified customer base."

About American Fidelity Corporation

American Fidelity Corporation, with home offices in Oklahoma City, Oklahoma is the parent company of American Fidelity Assurance Company.  American Fidelity Assurance Company is a third-generation, family-owned organization providing insurance products and financial services to education employees, trade association members and companies throughout the United States and across the globe.  Founded in 1960, it has grown to become one of the largest private, family-owned life and health insurance companies in the United States.  Headquartered in Oklahoma City, American Fidelity has more than 1,500 employees in 26 locations across the nation.  It was named to Fortune magazine's 2008 list of the 100 Best Companies to Work for in America for the fifth straight year and was named on Computerworld magazine's list of the Best Places to Work in IT, ranking number one in 2005.  In addition, it has been ranked by Training Magazine as one of the Top 125 Companies in America for Employee Training.  Since 1982, American Fidelity has been rated A+ (Superior) by A.M. Best Company, one of the nation's leading insurance rating services.