Boca Raton, Fl., September 19, 2005 - Peachtree Settlement Funding announces the creation of its newest division,
Peachtree Tobacco Funding, www.tobaccofunding.com. Peachtree, in cooperation with one of the world's largest financial
institutions, has just launched its Tobacco Transition Payment Division with a five hundred million dollar commitment.
In light of new government agricultural laws, an opportunity has arisen for Peachtree to tap into the tobacco market.
Peachtree can purchase all, or a portion of, the future payments that tobacco producers will receive from the government
over the next decade.
Peachtree's Chief Executive Officer, James Terlizzi, commented, " Peachtree Tobacco Funding is our latest venture
which was developed to assist farmers who cannot afford to wait for the full amount of their payments. We're giving
farmers an opportunity to access their money sooner." Peachtree provides "upfront" cash, in a lump sum, to people who
don't want to, or can't afford to, wait ten years for their tobacco buyout money. (Tobacco Transition Payments).
Founded in 1996, Peachtree is a leader in the cash flow industry. In addition to the new Tobacco Transition Payment
purchasing department, Peachtree also acquires a wide-range of financial assets such as Structured Legal Settlements,
Lottery Prize Payments, Life Insurance Policies and other types of deferred payment obligations.
Background on the Tobacco Transition Payment Program
On October 22, 2004, Congress enacted the Fair and Equitable Tobacco Reform Act of 2004 (Tobacco Act) as part of the
American Jobs Creation Act of 2004. The Tobacco Act repeals the federal tobacco quota programs and price support.
Instead, the government has agreed to buyout the tobacco "quota owners" and producers using an assessment mechanism
for tobacco manufacturers and importers to pay for the buyout. Tobacco quota holders and producers will receive equal
annual payments over a 10-year period, as agreed in a contract with the Secretary of Agriculture. The Tobacco Act also
includes a provision that allows quota holders and producers to transfer or assign the payments to a financial
institution, giving that institution the right to receive the contract payments in exchange for a lump sum or other
payment to the quota holders. On April 4, 2005, the United States Department of Agriculture (USDA) issued a Final Rule
implementing the "Tobacco Transition Payment Program" (Tobacco Buyout).
About Peachtree Settlement Funding
Peachtree Settlement Funding is a specialty factoring company, which allows recipients of future cash flows to obtain
an immediate lump sum in exchange for all, or a portion of, those future sums. Peachtree is the nation's leading specialty
factoring company and caters to people seeking to sell structured legal settlements, annuity payments, lottery prize
payments, sweepstakes awards 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.
Our website address is www.settlementfunding.com. Peachtree's Tobacco Funding website address is www.tobaccofunding.com.