Herbert Kurz Intends to Vote Against Board Nominees of Presidential Life

PIERMONT, N.Y., March 24, 2011 /PRNewswire/ -- On March 24, 2011, Herbert Kurz announced his intention to challenge the Board of Directors' stewardship of Presidential Life Corporation ("Presidential Life") (Nasdaq: PLFE ) and to vote against the Board's director-nominees at the 2011 Annual Meeting of Stockholders.

Mr. Kurz owns 8.2% of the outstanding shares of the common stock of Presidential Life.

This is not intended to be a solicitation of proxies in respect of Presidential Life.

Press Contact:
Gary J. Simon
Hughes Hubbard & Reed LLP
Office 212-837-6770

SOURCE Herbert Kurz

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