Back to Press Releases

Peachtree Settlement Funding Enhances Its Annuity Purchase Program

Boca Raton, Fl., January 9, 2006-Peachtree Settlement Funding ("Peachtree") is proud to announce an increased emphasis and dedication to their annuity purchasing. Thousands of individuals own annuities and have the financial need to access those future funds today.

Recent economic variables have increased the financial hardships on the average American. Interest rates are on the rise. The federal government increased interest rates 12 times last year, and the experts say rates are still expected to rise. Media reports and economic indicators show the real estate boom may be slowing. Bankruptcy law changes implemented last October now make it more expensive and complicated to file for bankruptcy. American consumers now owe about $1.7 trillion in credit card and other debts.

Peachtree's Director of Structured Settlements, Deborah Benaim, said, "The household debt ratio is at an all time high and consumer debt has doubled over the last decade. Even a gallon of gas costs more than it did one year ago."

A change in someone's life circumstances may mean they need more financial flexibility and faster access to future funds. Peachtree can help individuals meet their financial needs by purchasing their annuity for a lump sum of cash. Peachtree executives have noticed a trend of annuity sales for a multitude of reasons including, paying down debt, meeting medical expenses and fulfilling business opportunities.

As a result, Peachtree has increased the size of its structured settlement and annuity-purchasing division in order to handle higher demand.

Peachtree recently announced it exceeded the two billion dollar mark in committed financing. This accomplishment further substantiates Peachtree's continued growth and strong financial support from the capital markets.

About Peachtree Settlement Funding

Peach Holdings, Inc., a Florida corporation listed on the Alternative Investment Market (AIM) of the London Stock Exchange, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Life Settlements, Peachtree Pre-settlement Funding and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards, tobacco payments and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information you may contact our Public Relations Manager, Greg Meyer, at 866.274.6534 or at Gmeyer@lumpsum.com. Peachtree Settlement Funding's website address is www.settlementfunding.com.

This press release does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall this press release or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. In particular, this release does not constitute an offer of securities for sale in the United States. Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration.

Forward-Looking Statements
Certain statements contained in this press release, including statements regarding the Company's future outlook or operations, and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes," "anticipates," "expects," "plans," or "estimates" or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets or goals are also forward-looking statements. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the availability of adequate financing at reasonable terms, the ability of the Company to securitize its financial assets on a timely basis, changes in tax or accounting policies applicable to the Company and its subsidiaries, adverse changes in regulatory or licensing requirements, adverse changes in political, economic or market conditions, increased competition in one or more of the Company's business lines, a loss of business continuity due to severe weather, acts of terror or other catastrophes, the occurrence of material litigation, fluctuations in interest rates, and increasing costs. The forward-looking statements included in this release are only made as of the date of this release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Back to Press Releases