Absolute Life Solutions' Information to be Available Through Standard & Poor's Market Access Program
Company now Eligible for Trading in 47 States Including all Major Populated States and the District of Columbia
NEW YORK, Jan. 26, 2011 /PRNewswire/ -- Absolute Life Solutions, Inc. (OTC Bulletin Board: ALSO), a financial services firm focused on the creation of cash liquidity for seniors and as well as insurance-industry focused investors, announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's MarketScope Advisor.
The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.marketscope.com.
In addition, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of Absolute Life Solutions, Inc. will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 47 states under their Blue Sky Laws.
Commenting on the program, Moshe Oratz, Chief Executive Officer of Absolute Life Solutions, Inc., stated, "We are pleased to be part of the Standard & Poor's Market Access program. Coupled with the initiation of their Factual Stock Report Coverage, we are seeking to broaden the exposure of Absolute to a larger investor constituency and believe these S&P tools will be very helpful in a well-rounded investor relations campaign. Having our stock eligible for trading in 47 states will be beneficial to our shareholders and we are hoping to complete this process for all states in the very near term."
About Life Settlement Transactions:
A life settlement transaction typically occurs when an individual of advanced aged no longer wishes to pay, or is unable to afford, a premium payment on their life insurance policies. When faced with the difficult choice of expending diminishing cash resources to make premium payments or simply allowing their policy lapse, the insured senior now has the opportunity to sell the policy for an immediate cash payment. Current life settlement transactions are allowing the individual to receive an average of 8 times the surrender value for an asset that was previous illiquid and that they may have had to abandon. More and more seniors are becoming aware of the potential of these transactions creating a growing supply of policies available for purchase by organization such as Absolute Life Solutions, Inc.
About Absolute Life Solutions, Inc.:
Absolute Life Solutions, Inc. offers a distinctive approach that provides liquidity to seniors while creating a stable alternative asset class for investors. By securing only high-quality policies and employing a proprietary valuation platform and best-in-class portfolio and management techniques, Absolute seeks to optimize an insurance policy's inherent value and minimize risk. For more information about Absolute Life Solutions, Inc., please visit our website at www.absolutels.com.
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
Contacts: |
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Moshe Oratz |
Gabriel Berger |
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Absolute Life Solutions, Inc. |
Triumph Corporate Communications |
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Chief Executive Officer |
Investor Relations |
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(212) 201-4070 |
(212) 201-4070 Ext. 197 |
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Standard and Poor's Customer Contact: |
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Richard Albanese |
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(212) 438-3647 |
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Standard and Poor's Media Relations Contact: |
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Michael Privitera |
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(212) 438-6679 |
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SOURCE Absolute Life Solutions, Inc.
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