H.Thomas Moran II, Receiver

Receiver of Lifetime Capital, Inc.

July 26 2006

Premium Reimbursement Checks Mailed

The Court held a status hearing on Wednesday July 19th. Several topics were discussed including the timing of distributions.

The Receiver would like to personally thank everyone who was able to pay premiums and he is fully aware of the hardship it may have created.

For those of you who paid premiums, reimbursement checks will be mailed during the week of July 24th. If you do not receive your reimbursement by August 15, 2006, please contact our office.

If you are part of the Jordan settlement (you would have been previously notified if you were) a motion is pending regarding when distributions will be made to the investors.

The Receiver is working diligently to confirm all investor claims; it is his goal to make distributions before the end of the year.