Life Settlement Auctions
Life Exchange Network Continues to Grow - Adding Trinity Financial Services
MIAMI–(BUSINESS WIRE)–July 13, 2006–As technology continues to make an impact on all industries, Life-Exchange (Pink Sheets:LFXG), has shown once again that technology and access to accurate and timely information is changing the life settlement industry. After signing 4 of the nation’s largest life settlement provider companies in the past 2 months, Life-Exchange continues to add top tier life settlement broker firms as well, last month adding Trinity Financial to the fold.
“Trinity Financial Services has been around since the inception of the industry. We know these gentlemen and they are always innovative and looking for ways to provide their clients with the highest level of service. Our platform supports Trinity Financial Services by giving them faster access to information and by facilitating communication and collaboration,” said David Dorr, President and CEO for Life-Exchange.
“We have a reputation for brining our clients some of the highest offers in the industry,” said Trinity Financial Services Managing Partner Greg Scharfeld. “Life-Exchange will allow us to offer an even higher level of service by leveraging technology to streamline the life settlement transaction process and better match our clients with our network of buyers.”
Since the launch of the Life-Exchange platform in April 2006, Life-Exchange has added some of the nations’ largest life settlement broker and provider firms and is the first and only online exchange service recognized by the Life Insurance Settlement Association. As of July 1, Life-Exchange estimates that it has in excess of $500 million in deal flow registered on its exchange. “If industry experts are right, and the life settlement industry does in fact top the $10 billion mark in 2006, then Life-Exchange is well positioned to become one of the industry’s most influential players,” said Mr. Dorr.
About Life-Exchange, Inc.
Life-Exchange is the only independent business-to-business marketplace created specifically for the life settlement industry. Designed by industry leaders, Life-Exchange serves the secondary life insurance market by providing secure, transparent and efficient online tools which significantly reduce the time and cost of life settlement transactions. Founded in 2004, Life-Exchange is headquartered in Miami, Florida. For more information on Life-Exchange, please contact Nikki Noel at 1-866-907-9766, or visit our web site at http://www.life-exchange.com
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