Imperial Holdings Joins European Life Settlement Association

BOCA RATON, Fla.--(BUSINESS WIRE)--

Imperial Holdings, Inc. IFT, a specialty finance company with a focus on providing liquidity solutions to owners of illiquid financial assets, has become a member of the European Life Settlement Association (ELSA), an organization dedicated to setting standards and promoting best practices for the European life settlement industry.

Founded in 2009, ELSA represents European and American funding sources, service providers and intermediaries in the life settlement market who are looking to promote transparency by providing accurate and authoritative information to investors, regulators and the media. The association's focus is on the promotion of best practices and the positive development of the European life settlement industry's reputation amongst all stakeholders.

Simon Erritt, ELSA Chair, said, “ELSA is delighted that Imperial has chosen to join the association. We welcome their commitment to supporting ELSA's objectives of transparency and self-regulation in the life settlement industry and protecting investors' interests.”

Richard (Rory) O'Connell, Jr., Imperial's chief financial officer, commented, “We are very pleased to be invited to join ELSA and its roster of prominent companies in the global life settlement industry. We are looking forward to becoming an active participant in the association's policy and institutional funding discussions as Imperial looks to expand its presence in Europe.”

ELSA members must comply with the association's Code of Practice which is a comprehensive framework that ensures the highest professional and ethical standards within the industry and protection of the interests of investors in the asset class.

About Imperial Holdings, Inc.

Imperial is a leading specialty finance company that provides customized liquidity solutions to owners of illiquid financial assets. More information about Imperial can be found at www.imperial.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of Imperial Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, and involve known and unknown risks and uncertainties. Although Imperial believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Imperial does not assume a duty to update these forward-looking statements.