American Independence Corp. Releases Innovative News to the Investment Community

American Independence Corp. (NASDAQ:AMIC) today reported 2009 fourth-quarter and annual results. American Independence Corp. trades on the “NASDAQ” under the stock symbol “AMIC”. For More information regarding the “AMIC", make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

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American Independence Corp. (NASDAQ:AMIC) today reported 2009 fourth-quarter and annual results.

Net income (loss) increased to $0.5 million ($.06 per share, diluted), for the three months ended December 31, 2009, compared to $(1.2) million ($(.14) per share), for the three months ended December 31, 2008. Net income was $2.6 million ($.31 per share, diluted), for the year ended December 31, 2009, compared to $1.0 million ($.11 per share, diluted), for the year ended December 31, 2008.

The Company's operating income¹ for the three months ended December 31, 2009 was $0.9 million ($.10 per share, diluted), as compared to $0.8 million ($.09 per share, diluted) for the three months ended December 31, 2008. Operating income was $4.3 million ($.51 per share, diluted) for the year ended December 31, 2009, as compared to $5.0 million ($.59 per share, diluted) for the year ended December 31, 2008.

Revenues decreased to $25.1 million for the three months ended December 31, 2009, compared to revenues of $25.9 million for the three months ended December 31, 2008. Revenues decreased to $104.2 million for the year ended December 31, 2009, compared to revenues of $113.3 million for the year ended December 31, 2008.

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

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