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| Peachtree Settlement Funding Adds Former New York Assistant District Attorney To Its Legal Team BOYNTON BEACH, FL., April 24, 2006 - Peachtree Settlement Funding is proud to announce the addition of Robert Ostrov to its Structured Settlements division. Mr. Ostrov, a former Assistant District Attorney from Orange County, New York, served as the senior attorney in the white-collar crime unit specializing in insurance-related crimes. While serving as Assistant D.A., Mr. Ostrov was recognized for obtaining convictions in several high-profile homicide cases in the New York area. Mr. Ostrov also worked as a Financial Institutions Claims Analyst for American International Group (AIG), in its New York Office, where he investigated claims in excess of $1.0 million. He has also served as the Deputy Director of the Fraud Investigations Unit for the City of New York and as a Judge for the New York City Housing Authority. Deborah Benaim, Peachtree Settlement Funding Vice President and Director of the Structured Settlement Division, commented, "We are fortunate to add such a talented and dedicated professional to our team." She further remarked, " We believe Mr. Ostrov will be instrumental to our continued success in the court-ordered purchase of structured settlement payments." Mr. Ostrov graduated cum laude from Tulane University where he received his B.A. He went on to earn his law degree from Fordham University and his Masters in International Affairs from Columbia University. About Peachtree Settlement Funding Peach Holdings, Inc. is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Life Settlements, Peachtree Pre-settlement Funding and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards, tobacco payments and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information you may contact our Public Relations Manager, Greg Meyer, at 866.274.6534 or at Gmeyer@lumpsum.com. Peachtree Settlement Funding's website address is www.settlementfunding.com. This press release does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall this press release or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. In particular, this release does not constitute an offer of securities for sale in the United States. Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration. Forward-Looking Statements Certain statements contained in this press release, including statements regarding the Company's future structured settlement operations, and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes," "anticipates," "expects," "plans," or "estimates" or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets or goals are also forward-looking statements. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the availability of adequate financing at reasonable terms, the ability of the Company to securitize its financial assets on a timely basis, changes in tax or accounting policies applicable to the Company and its subsidiaries, adverse changes in regulatory or licensing requirements, adverse changes in political, economic or market conditions, increased competition in one or more of the Company's business lines, a loss of business continuity due to severe weather, acts of terror or other catastrophes, the occurrence of material litigation, fluctuations in interest rates, and increasing costs. The forward-looking statements included in this release are only made as of the date of this release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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