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North American Insurance Leaders, Inc. Receives an Estimate of Deep South 2007 Governing EBITDA
Date:3/21/2008

electronically with the SEC. You may access information on NAO at the SEC web site at http://www.sec.gov.

About North American Insurance Leaders, Inc.

North American Insurance Leaders, Inc. 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. On August 10, 2007, NAO announced the signing of a definitive agreement to acquire the businesses of Deep South Holding, L.P.

About Deep South

Deep South is a leading managing general agency distributing various lines of commercial property and casualty insurance. Deep South operates a full service managing general agency that underwrites and manages various lines of commercial property and casualty insurance, including commercial auto coverages, which it markets to independent retail insurance agents. For additional information on Deep South, please visit its website at http://www.deep-south.com.


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SOURCE North American Insurance Leaders, Inc.
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