Lifetime Receiver H. Thomas Moran II, Receiver of LifeTime Capital, Inc.

26Jun/07Off

You recently were mailed a notification about a class action lawsuit because you are an investor in LifeTime Capital, Inc. Our office has received many calls from investors with questions about the notification and answers to those questions are provided below:

If you have already filed a claim with the Receiver (many of you filed claims as early as 2005), AND you have received an initial partial distribution either in November 2006, or sometime in 2007, there is no need to file another claim. If you have filed a claim but did not receive a distribution, please contact our office immediately.

There are still hundreds of investors that have NOT filed claims. If you never filed a claim, please contact our office for claim forms and submit the claim as soon as possible.

It is likely that the settlement from this class action will be included in a future distribution. A separate distribution is not anticipated; however, these matters may be decided at the July 31, 2007 hearing.

If you are a Jordan investor, you are included in the "Class" and have been notified as such. However, when you signed the Mutual & Reciprocal Release, and received your payment from the Receiver, you were considered "paid in full". You will not be entitled to any of the funds recovered as a result of the class action.

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7Jun/07Off

The Receiver recently received a favorable response to a mailing that went out to approximately 450 investors that had not submitted claims. There are about 200 investors that still have not responded by either filing a claim or requesting forms. The Receiver is currently trying to reach those investors. Additionally, his staff is working on processing a relatively small number of remaining pending claims.

Periodically, the Receiver seeks approval from the Court to allow subsequent initial partial distributions to investors as additional claims continue to be confirmed. Currently the Receiver is waiting for the Court to approve a Motion that will allow distribution to about 130 investors. Checks will be issued as soon as possible after receiving such approval from the Court.

If you still have not received a check, and have questions about the status of your claim, please contact us at (405) 607-2722 or you can send an email inquiry to lifetimereceiver@heritagegroup.us.

Once all submitted claims have been approved, and remaining claims issues resolved, the Receiver will seek approval from the Court for a subsequent distribution of sale proceeds. The Receiver anticipates this distribution will occur sometime later in 2007, however the exact timing and the amount cannot be estimated or guaranteed at this time.

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