GWG Holdings, Inc. Announces Pricing of Initial Public Offering of 800,000 Shares of Common Stock AT $12.50/Share

GWG Holdings, Inc., a leader in the emerging secondary life insurance market, announced today the pricing of its registered initial public offering of its common stock at a public offering price of $12.50 per share. The company estimates that it will sell 800,000 shares of common stock, resulting in net proceeds of approximately $9.03 million after the deduction of underwriting commissions, discounts and expense reimbursements. In connection with this offering, the company has applied to list its common stock on the NASDAQ Capital Market under the ticker symbol “GWGH.” The company intends to use the net proceeds from the offering to promote and advertise the opportunities for consumers owning life insurance and investors to profit from participating in the secondary market for life insurance policies, purchase additional life insurance policies in the secondary market, pay premiums on the company's life insurance policy assets, fund its portfolio operations, and for working capital purposes. The offering is expected to close on September 24, 2014, subject to customary closing conditions. Newport Coast Securities, Inc., Axiom Capital Management, Inc. and Newbridge Securities Corporation acted as the underwriters for the offering. The offering is being made on a best-efforts basis made pursuant to an effective registration statement. Any offer, if at all, will be made only by means of a prospectus that is part of the effective registration statement. Prospective investors should read the registration statement and prospectus for more complete information about the company and the offering. You may obtain a copy of the prospectus relating to the offering for free by visiting www.sec.gov. Copies of the prospectus for this offering may also be obtained from: Newport Coast Securities, Inc., 180 Maiden Lane, New York, NY 10038, telephone (646) 259-4700. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.