DCAP Group, Inc. along with its subsidiaries operates in the insurance business through various franchises and ownerships. The company offers retail automobile, motorcycle, boat, business and homeowner's insurance as well as life insurance and automotive club services for roadside emergencies. Currently the company owns or franchises 71 store location of which 66 are in New York State.
For the last quarter ended September 30, 2007, the company's revenues have decreased 10% to $2.1 million since last quarter. This was caused by the reduced sale of insurance policies due to continuing heightened competition from the voluntary insurance market....
