Fasano Announces Performance Results: 96% Actual to Expected Ratio

Business Wire, May 1, 2007

WASHINGTON -- Fasano Associates announced the results of a new analysis of its accuracy in estimating life expectancies. The study revealed an overall actual to expected ratio of 96% for business underwritten by Fasano from 2001 through the end of 2005. An earlier study, covering business underwritten through the end of 2003, had produced similar results.

"These results should help attract more capital to the life settlement market," said Michael Fasano, President of Fasano Associates. "The fact that we can consistently and accurately estimate mortality means that life settlements can be rationally priced in the marketplace."

Fasano began underwriting life settlements in 2001, when the industry was just beginning to develop. Its underwriting approach is centered on physician review of medical files. Fasano currently has 16 physicians on staff.

About Fasano Associates:

Fasano Associates is a leading underwriting consulting firm serving the life, health and life settlement industries.