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

25Mar/08Off

The total amount of the second partial distribution will be $2,000,000 (in comparison, the inital partial distribution was $10,000,000). This will result in a check equal to a little over 2% of the amount you invested. For example:

If you invested $10,000, your second partial distribution check will be
approximately $200.

If you invested $50,000, your second partial distribution check will be
approximately $1,000.

We are trying to get the checks in the mail as soon as possible, but with almost 3000 investors, it is a very time consuming process. Please be patient, and if possible, avoid phone calls to the Reciever's office to inquire about the amount of your check. If you have other questions or concerns, please leave a voice mail and your call will be returned as soon as possible.

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20Mar/08Off

On March 17th, 2008, the Court issued an Order Granting Reciever's Second Motion for Approval of Partial Distribution (see Court Orders And Filings). The Receiver anticipates that checks should be in the mail by the end of next week to all investors with Court approved claims.

After the remaining claims and outstanding issues are resolved, the Reciever will seek approval from the Court for a final distribution of sale proceeds.

Additionally, the Court approved the 10th motion to allow claims. Checks to the 55 investors included in that motion have already been mailed. The 11th motion to allow claims, including the claims of 41 investors, is still pending Court approval.

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17Mar/08Off

ORDER GRANTING [841] Motion for Disbursement of Funds

13Mar/08Off

In November 2007 the Receiver filed a motion to ask the Court to allow an interim partial distribution to investors (see Court Orders and Filings). This motion is still pending Court approval. The Receiver is prepared to mail checks as soon as possible once an Order is issued by the Court.

Also, the 10th (filed in November) and 11th (filed in January) motions to allow claims are still pending.

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