LAS VEGAS--(BUSINESS WIRE)--Oct. 25, 2005--LitFunding Corp. (OTCBB: LFDG) announced today that it has engaged Preserve Communications Services Inc. (PCS), headquartered in Greenwood Village, Colo., to manage the distribution of their investor and media communications. Michelle DeMuth, shareholder relations, commented, "We are excited to have PCS working closely with our management team to develop a customized, fully integrated communications program that will expand our investor base, add new shareholders and increase liquidity for our investors."
Keith Koch, president of PCS, stated, "PCS will specifically target institutional investors, providing LitFunding Corp. true visibility and valued awareness of a real opportunity to invest in an exciting growth company that was previously unknown to them."
About Preserve Communications Services Inc.
PCS is an investor relations company that provides its clients with a unique focused professional communications service within the investment banking, brokerage, institutional and investor community. We work specifically with micro-cap companies and we specialize in designing a communication strategy and a contact database for each of our clients. We help our clients meet their communication goals by proactively building shareholder value through multiple communication channels, including retail and institutional investment, media coverage, and individual shareholder growth.
PCS is owned and operated by Koch and Steve Hinkle. With combined experience of more than 45 years in both retail sales and investment banking, Koch and Hinkle, along with their team, have the expertise to effectively advise micro-cap companies how to best achieve their goals of building a stronger shareholder base. Increasing volume and creating new investor holdings is critical to PCS, and achieving quantifiable results is how PCS measures its success.
About LitFunding Corp.
LFC, through its wholly owned subsidiary LitFunding USA, remains one of the nation's largest public companies specializing in the funding of litigation, primarily through plaintiffs' attorneys. The company is in the litigation funding business making advances to plaintiffs' attorneys primarily in the areas of personal injury. A fee is earned when the lawsuits so funded are settled or otherwise concluded by a court ruling. At that time, both the funds advanced and the fee contractually agreed to are repaid to the company.
This press release does not constitute an offer of any securities for sale.
Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include the ability of LFC to reach definitive agreements with respect to and close the proposed financing discussed in this release as well as activities, events or developments that the company expects, believes or anticipates will or may occur in the future. Such statements are subject to a number of assumptions, risks and uncertainties. Readers are cautioned that such statements are not guarantees of future performance and that actual result or developments may differ materially from those set forth in the forward-looking statements. In addition, other risks are detailed in the company's periodic reports. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
