Crown Alliance Capital Announces 440% Return on The Maturity of One of Its Life Insurance Policies

MISSISSAUGA, Ontario, May 6, 2013 /PRNewswire/ -- Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, filed its form 10-Q with the Securities Exchange Commission on April 30, 2013 for the quarterly period ended March 31, 2013. The 10-Q reflects the first maturity of one of the Company's portfolio policies, representing a $452,000 payoff and a 440% return on its investment.  The payoff of the policy was an early maturity and thus a pleasant surprise for the Company and its shareholders.

The 10-Q report shows a profit of $220,000 this quarter compared with a loss of $121,000, incurred during the previous quarter.

"Our positive results during this last quarter," said Lorraine Fusco, Crown's CEO, "make our company one of the few that show positive earnings this early in its development.  We think a lot of credit for this goes to the Company's extensive due diligence process and rigid guidelines for choosing life settlement policies, providing a solid framework for profitable and stable returns.  We look forward to many more quarters of growth like this."

Crown Alliance currently has multiple life settlement policies in its portfolio and many more under review.  The Company's objective is to acquire as large a pool of policies as possible so, from an actuarial standpoint, it will provide Crown with more consistent maturity pay offs with lower holding cost.  As each policy matures, the earnings of the company will continue to climb. With the successful acquisition of larger portfolios, the Company will be positioned to ensure consistent returns and consistent cash flows.

Continuing, Mrs. Fusco stated: "We hope to build a $1 billion portfolio over the next 5 years, one policy or one portfolio at a time. Our consistent and conservative research in profitable policies continues to show that we are going in the right direction."

Crown Alliance specializes in senior life settlements where the average age of the person is 80 or older, and targets policies with life expectancies of 60 months or less. "By having a set of requirements for each acquisition, it allows us to be more judgmental about the policies that enter into our pool, thus offering a higher and more stable rate of return for its shareholders."

About Crown Alliance Capital Limited

Crown Alliance Capital Limited (OTCBB: CACL) is a publicly reporting Corporation, formed in March of 2010 with the intention of acquiring senior life settlement policies. The company targets and acquires mainly universal life insurance policies that are no longer desired by individuals in order to build a large portfolio of policies that meet a rigid selection process. By becoming the owner/beneficiary of the policies and maintaining the premiums, Crown is able to obtain a substantial return on investment when each death benefit is ultimately paid.

Contact:

Crown Alliance Capital Limited 
2985 Drew Road, Suite 217 
Mississauga, ON L4T OA4 
[email protected]

Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

SOURCE Crown Alliance Capital Limited