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Michael A. Meeks Joins Peachtree Settlement Funding as Business Analyst for Structured Settlements

BOYNTON BEACH, Fla.--(BUSINESS WIRE)--Peachtree Settlement Funding is pleased to announce on October 16, 2006, Michael A. Meeks joined the Structured Settlement division in Boynton Beach, Florida, as its Business Analyst.

Meeks brings with him over 30 years of IBM PC compatible experience. Meeks began his career as a radio and television bench technician while tutoring high school students in electronics before joining IBM. In 1980 he became a critical member of the original Personal Computer design team, where he and another designer started the development of original IBM Personal Computer hardware, software and microcode. Shortly thereafter he founded the Radio Shack Color Computer User group.

In 1984, he developed software and managed the first modem project to get certified in Canada the first time through. Beginning in 1990 he managed the IBM Customer Center and Learning Center in Fort Lauderdale, Florida, and supervised the customer center staff. Over the years he has trained over 100 BIOS and Diagnostic programmers, and over 1200 computer technicians.

Deborah Benaim, Peachtree's Vice President and Director of Structured Settlements, responded to the division's rampant growth by hiring her own specialized Business Analyst to keep up with ever-changing technological demands. "I have known Mike for years," Benaim says, "and with his financial and computer skills he will be able to help the synergy flow among all the divisions." However, Meeks isn't the type of guy to let a highly respected career within the electronics industry restrict him.

He also carries his love of horses and early work history in the rodeo close to him, and still enjoys riding as one of his favorite hobbies. Meeks has been the communications officer for his Neighborhood Watch program since 1988, and a volunteer fireman in Pinellas and Broward Counties in Florida for over 13 years. After 2005's multi-disastrous Hurricane Wilma, Meeks aided FEMA efforts as the coordinator for water, ice and food distribution and debris cleanup in Broward County.

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 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, and tobacco payments. 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.

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.

Contacts Peachtree Settlement Funding, Boynton Beach Dustin Nelson, 866-830-8545 www.settlementfunding.com

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