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| 8-K - LIFE PARTNERS HOLDINGS INC | v208601_8-k.htm |
LIFE
PARTNERS CONFIRMS SEC INVESTIGATION
WACO, Texas — January 20, 2011 — Life
Partners Holdings, Inc. (NASDAQ GS: LPHI) confirmed today that the SEC is
conducting an investigation into the business of its operating subsidiary, Life
Partners, Inc. The Company’s confirmation follows press reports of
the previously non-public investigation. The Company said that it is
cooperating fully. The Company said in addition that it does not know
how long the investigation will go on, nor does it know how it will ultimately
be resolved.
Life Partners is the world’s
oldest and one of the most active companies in the United States engaged in the
secondary market for life insurance, commonly called “life settlements.” Since
its incorporation in 1991, Life Partners has completed over 127,000 transactions
for its worldwide client base of over 27,000 high net worth individuals and
institutions in connection with the purchase of over 6,400 policies totaling
approximately $2.8 billion in face value.
Visit our
website at: www.lphi.com
Safe
Harbor - This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors. The statements in this news release that are not historical statements,
including statements regarding the outcome or duration of the investigation, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of which
are beyond our control, that could cause actual results to differ materially
from such statements. For information concerning these risks and uncertainties,
see our most recent Form 10-K. We disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
law.
LPHI-G
************
FOR MORE
INFORMATION, CONTACT:
Shareholder
Relations (254) 751-7797
or info@lifepartnersinc.com
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