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                                                                      EXHIBIT 99

                         AMERICAN COUNTRY HOLDINGS INC.
                              SAFE HARBOR STATEMENT

     Information provided by the Company may contain certain forward- looking
information, which, as defined by the Private Securities Litigation Reform Act
of 1995 (the "Act"), may relate to such matters as future plans, targets and
objectives, cyclical industry conditions, government and regulatory policies,
the uncertainties of the reserving process and the competitive environment in
which the Company operates or the assumptions relating to any of the
forward-looking information. This Safe Harbor Statement is being made pursuant
to the Act and with the intention of obtaining the benefits of the so-called
"safe harbor" provisions of the Act. The Company cautions that forward-looking
statements are not guarantees since there are inherent difficulties in
predicting future results, and that actual results could differ materially from
those expressed or implied in the forward-looking statements. Factors that could
cause actual results to differ include, but are not necessarily limited to, the
following:

     *    PROPERTY AND CASUALTY INSURANCE INDUSTRY. American Country's business
depends on its ability to retain its current insurance customers and write new
insurance business. The property and casualty insurance industry is highly
competitive on the basis of both price and service. American Country faces
competition from national and regional insurance carriers and innovative
insurance programs put together by insurance agents and reinsurance companies.
See "Business--Competition" for additional information.

     *    FLUCTUATIONS IN INDUSTRY RESULTS. The financial results of property
and casualty insurers historically have been subject to significant
fluctuations. Profitability is affected significantly by volatile and
unpredictable developments (including catastrophes), changes in loss reserves
resulting from changing legal environments as different types of claims arise
and judicial interpretations develop relating to the scope of insurers'
liability, fluctuations in interest rates and other changes in the investment
environment which affect returns on invested capital, and inflationary pressures
that affect the size of losses. Further, underwriting results have been cyclical
in the property and casualty insurance industry, with protracted periods of
overcapacity adversely impacting premium rates, resulting in higher combined
ratios, followed by periods of under capacity and escalating premium rates,
resulting in lower combined ratios.

     *    REGULATION. American Country is subject to governmental regulation in
each of the jurisdictions in which it conducts business. Insurance regulatory
agencies have broad administrative powers with respect to all aspects of an
insurance company's business, including rates, policy forms, dividend payments,
capital adequacy and the amount and type of investments it may have. These
regulations are intended primarily to protect policyholders rather than
securityholders. The insurance regulatory framework continues to be subject to
scrutiny by the National Association of Insurance Commissioners, state
legislatures and the United States Congress. No assurance can be given that
future legislative or regulatory changes resulting from such activity will not
adversely affect American Country. See "Business--Regulation" and "Management's
Discussion and Analysis of Financial Conditions and Results of Operations--
Regulation" for additional information.

     *    MARKETING. Becoming licensed as an authorized insurer and writing
business in additional states is one of the foundations of American Country's
growth strategy. American Country's ability to enter and write new business
in these markets is contingent upon its becoming licensed by the insurance
department of each jurisdiction. Each jurisdiction has its own licensing
requirements and it may be difficult for American Country to obtain a license
in the particular jurisdiction in which it applies. See
"Business--Marketing," and "--Regulation" for additional information.

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     *    REINSURANCE. The majority of American Country's reinsurance is placed
with a limited number of reinsurers. American Country is required to obtain
reinsurance in a competitive marketplace and a contingent liability exists to
the extent that American Country's reinsurers are unable to meet their
contractual obligations.

     *    ADEQUACY OF LOSS RESERVES. The liabilities for unpaid losses and loss
adjustment expenses are estimated by management utilizing methods and procedures
which they believe are reasonable. These liabilities are necessarily subject to
the impact of future changes in claims severity and frequency, as well as
numerous other factors. Although management believes that the estimated
liabilities for losses and loss adjustment expenses are reasonable, because of
the extended period of time over which such losses are reported and settled, the
subsequent development of these liabilities may not conform to the assumptions
inherent in their determination and, accordingly, may vary significantly from
the amounts estimated by American Country.

     *    RATINGS. Increased public and regulatory concerns with the financial
stability of insurers have resulted in greater emphasis by policyholders upon
insurance company ratings, with a resultant potential competitive advantage for
carriers with higher ratings. American Country currently is rated "A-" by A.M.
Best. In addition, Standard & Poor's has given American Country an Insurer
Claims-Paying Ability Rating of "BBBq" (Adequate). There can be no assurance,
however, that American Country will maintain its ratings; any downgrade could
materially adversely affect its operations. A.M. Best's and Standard & Poor's
ratings are based on an analysis of the financial condition and operations of
American Country as they relate to the industry in general and are not designed
for the protection of investors.


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