Life Settlement News

- Company Now Complies With NASDAQ Listing Requirements –

Life Partners Holdings, Inc. (Nasdaq:LPHI) announced today that the board of directors has unanimously voted to appoint Dr. Harold E. Rafuse as an independent director and member of the audit and compensation committees as of November 1, 2006. Dr. Rafuse was appointed to fill the unexpired term of LPHI director Lt. General Harry Goodall after his untimely death in September.

Life Partners Holdings, Inc. (Nasdaq: LPHI) today announced net income of $223,743, or $0.02 per share, for the three months ended August 31, 2006 compared to $247,521 or $0.03 per share, reported for the same period last year. Revenues increased by 35% over the same period last year while total business volume, as measured in policy face values transacted, increased by 100% over last year to almost $29 million. For the six months ended August 31, 2006, the company reported net income of $694,735 or $0.04 per share compared to $716,626 or $0.08 per share during the period last year.

Life Partners Holdings, Inc. (Nasdaq: LPHI) today announced net income of $470,992, or $0.05 per share, for the three months ended March 31, 2006 compared to $469,105 or $0.05 per share, reported for the same period last year. Revenues increased by 25% over the same period last year while total business volume, as measured in policy face values transacted, increased by 59% over last year to almost $29 million.