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

14Mar/12Off

Motion for Summary Judgment – Svete

Motion for Summary Judgment Svete

MSJ EX 1

MSJ EX2

MSJ EX3

MSJ EX4

MSJ EX5

MSJ EX6

MSJ EX7

MSJ EX8

MSJ EX9

MSJ EX10

MSJ EX11

MSJ EX12

MSJ EX13

MSJ EX14

1Mar/12Off

Receiver’s Update

Investors,

Recently, the Court  issued an Order approving the mechanism for resolving possible claims of certain investors who have not executed the necessary claim documents.  A copy of the Court Order can be found under the Court Orders and Filings tab on this website. Essentially, subject to one final notice to the effected investors, the Court has disallowed or will disallow the unresolved claims and the funds that have been previously escrowed and allocated for payment of these claims will be returned to the general treasury of LifeTime Capital .

The Court has also recently entered a ruling denying the right of Natlis Capital, LLC to intervene in the receivership proceeding. A copy of this Order is also available through the Court Orders and Filings tab.

More recently, the Receiver has filed a Motion for Summary Judgment in the case of Moran v. Svete, Case No. 3:05-CV-0072,  in the U.S. District Court for the Southern District of Ohio. The purpose of this action is to obtain a civil judgment against David Svete individually on behalf of LifeTime Capital for the benefit of the investors. The Court has directed that the Receiver file a final report by the end of January. The Receiver and his counsel will be working diligently to meet the timeframe directed by the Court. We will continue to update you as further developments warrant.

Andrew Storar

Receiver