Absolute Life Solutions Issues First Shareholder Letter

NEW YORK, Nov. 15, 2010 /PRNewswire/ --

To The Shareholders of Absolute Life Solutions Inc.,

I am writing this initial shareholder letter to welcome our current shareholders and share some of our plans for your Company.

Since July, Absolute Life Solutions Inc. (OTC Bulletin Board: ALSO) (formerly Shimmer Gold, Inc.) has been refocused as a specialty finance company with an initial emphasis on the rapidly growing life settlement industry.

About Life Settlements

A life settlement transaction typically occurs when an aging individual (65+) finds themselves unable to afford the rapidly rising premium payments on their life insurance policies. In the past, when faced with the difficult choice of quickly using up limited liquidity on premium payments or simply allowing their policy lapse, the insured senior found few attractive alternatives, thereby allowing billions of dollars of policies to lapse each year. The life insurance industry would then pocket those payments, turning enormous amounts of potential liabilities into simple income. This would occur despite many years of premium payments. Now, those seniors can sell the policy to an institutional investor at a significant premium to its surrender value. This transaction exemplifies the life settlement industry. Life settlements now allow the individual to receive an average of 8 times the surrender value for an asset that they may have had to abandon. As senior US citizens have become educated about this option to sell their unwanted insurance policies, the number of lapsed policies has started to decline. This means that the supply of policies for sale by seniors is growing dramatically. We are giving these individuals an ability to sell an asset they never knew they had. This is the rise of a new asset class for individual investors. Market research forecasts that by the year 2030, there will be over $800 billion of life insurance policies for seniors over the age of 65. Absolute Life Solutions Inc. is excited to be the first public company dedicated to allowing the public shareholder to participate as investors in this asset class by buying into a portfolio of these policies.

Recent History

Prior to the September 2008 financial crisis, Bear Stearns and Lehman Brothers were among the massive buyers of this asset class. Their removal, along with a significant increase in the life expectancy of the average US citizen by the industry actuaries has caused a dramatic decline in the pricing of life settlements. Hedge funds which had owned policies as investors before these events transpired now refuse or are unable to purchase more policies for fear of marking down their own inventory. This has created a dearth of buyers just as the seniors are willing to sell more of their policies. As buyers, our main goal is to hold purchased life settlements to maturity, thereby eliminating all trading risk.

Management and Funding

Our current management team is extremely experienced in the brokering of the life settlement policies to institutional investors. Management has closed in excess of $3 billion of life settlement sales. . Our platform of proprietary algorithms along with an unhindered balance sheet will hopefully allow us to grow our earnings --- and continue to do so for the foreseeable future. Approaching this exciting marketplace with seasoned industry professionals, and where over 95% of our funds go to the purchase and maintenance of life settlement policies, we feel confident that Absolute Life Solutions Inc. is well situated to grow exponentially.

Opportunity

Finally, owning our stock may allow both financial institutions and the individual investor the ability to participate in this brand new asset class. The billions of dollars per year that are being pocketed by the life insurance companies can now be used to benefit the sophisticated investor by investing in companies such as ours. Armed with the necessary knowledge and experience, we fully intend to remain the industry leader for years to come.

We look forward to working for you. Please feel free to visit our website www.absolutels.com or contact me at our offices.

Sincerely,

Moshe Oratz

President and Chief Executive Officer

Forward Looking Statements

Some statements in this letter  may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in our public filings with the Securities and Exchange Commission.  Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. We undertake no obligation to update these forward looking statements.

Contact - Gabriel Berger, Triumph Corporate Communications, Investor Relations, 917-753-0169, [email protected]

SOURCE Absolute Life Solutions, Inc.