NEW YORK, Oct. 25 /PRNewswire/ -- Absolute Life Solutions, Inc. (OTC Bulletin Board: ALSO), a financial services firm focused on the creation of cash liquidity for seniors as well as insurance -industry focused investors, today announced that it has retained Triumph Corporate Communications, LLC, a New York-based investor relations firm, as its investor relations advisor. Triumph specializes in micro and small cap corporate communications services, and its management has helped guide a variety of companies through matters pertaining to investor relations, public relations and access to the capital markets. Triumph has been retained to assist Absolute in broadening its financial market presence and in establishing new relationships within the investment community.
"Today's announcement reflects the ongoing and rapid evolution of our company," commented Moshe Oratz, President and Chief Executive Officer of Absolute Life Solutions, Inc. "In a short period of time we have built a well-capitalized and sound corporate infrastructure and assembled a seasoned management team that has already begun to generate revenue for the organization and its stakeholders. Our management's broad insurance and life settlements experience includes being involved in excess of $3 billion worth of life settlement transactions during the course of their careers, and our corporate governance roster is comprised of veteran life settlements, insurance, and investment professionals who are all focused on growing our organization in a conscientious and prudent manner as we seek to bring long term value to our customers and shareholders alike," Oratz continued.
"Our goal at Absolute is to help life insured seniors review their financial needs and offer near term cash liquidity solutions in the form of life settlements that are appropriate to those needs. In addition, the alternative investment asset class we create through this process offers our shareholders an opportunity to partner with our management team to gain exposure to this type of investment vehicle and appreciate what we believe will amount to above average returns," Oratz commented further. "Our growth strategy is two-fold; organic growth through the day to day sourcing of individual clients in need of life settlements and through the acquisition of existing institutional investor life settlement portfolios. In the current financial climate, we believe that both of these scenarios offer excellent opportunities for significant near term and long term growth. In conjunction with Triumph we look forward to bringing news of our progress in this endeavor to the investment community. We believe that Triumph's experience with companies of our size and their knowledge of the investment industry will serve our organization and its shareholders well," Oratz concluded.
About Absolute Life Solutions, Inc.:
Absolute Life Solutions, Inc. offers a distinctive approach that provides liquidity to seniors while creating a stable alternative asset class for investors. By securing only high-quality policies and employing a proprietary valuation platform and best-in-class portfolio and management techniques, Absolute seeks to optimize an insurance policy's inherent value and minimize risk. For more information about Absolute Life Solutions, Inc., please visit our website at www.absolutels.com
Forward Looking Statements
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in our public filings with the Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. We undertake no obligation to update these forward looking statements.
SOURCE Absolute Life Solutions, Inc.