North American Insurance Leaders Files Preliminary Proxy for Acquisition of Deep South Companies

NEW YORK, Nov. 12 /PRNewswire-FirstCall/ — North American Insurance Leaders, Inc. , a special purpose acquisition corporation, filed a proxy (Prem 14A) on November 8th for its pending acquisition of the Deep South Companies (“Deep South”). In August, NAO announced that it had entered into a definitive agreement to acquire Deep South, one of the largest managing general insurance agencies in the United States. In connection with the consummation of the transaction, NAO expects to change its name to the Deep South Group, Inc. Attached is the link to the proxy: http://www.sec.gov/Archives/edgar/data/1336249/000119312507238818/dprem14a.htm

About North American Insurance Leaders, Inc.

NAO is a special purpose acquisition corporation focused on acquiring businesses in the insurance or insurance related industry. NAO raised net proceeds of approximately $110 million through its initial public offering in March 2006 led by CRT Capital Group LLC.

About Deep South

Deep South is a full service distributor of commercial insurance products operating through twelve offices located throughout the U.S. The company’s staff of nearly 400 employees provides underwriting, claims management and administrative services to independent insurance agents and their insurance customers. Deep South’s primary product is commercial auto insurance. For additional information on Deep South, please visit its website at http://www.deep-south.com/.

North American Insurance Leaders, Inc.

CONTACT: Paula Butler of North American Insurance Leaders, Inc.,+1-212-319-9407

Web site: http://www.deep-south.com/