Navigation Links
MaxLife Fund Corp. announces cancellation of 14,050,000 Common Shares
Date:8/5/2009

NEW JERSEY, Aug. 5 /PRNewswire-FirstCall/ - MaxLife Fund Corp. (OTC:MXFD), have announced that some of its founding shareholders have agreed to cancel a total of 14,050,000 shares of the Company's common stock in order to increase overall shareholder value for the Company.

Bennett Kurtz, Chief Executive Officer of the Company says: "We believe this is a very important step for our Company to increase shareholder value and support future growth. This comes at an exciting opportunistic time, when MaxLife is launching a new and innovative life settlement product (information can be found at www.themxway.com). The early reaction to this product is very positive and should contribute revenues in the near future. We believe that this combination of the reduced shares outstanding and the anticipated bottom line growth should have a positive effect for our shareholders." The Company is currently in negotiations with other shareholders to cancel more shares as well and such shareholders may receive options and/or warrants in the Company in consideration for cancelling their shares.

About MaxLife Fund Corp.: MaxLife Fund Corp. is concentrating on 3 major components of the fast growing Life Settlement sector; (1) to invest and trade policies for our own inventory, (2) to obtain ownership in companies in the life settlement industry and (3) to build a large portfolio by demand for institutional buyers.

The MX-Series Life Settlement product is a new way for investors, hedge funds and pension funds to participate in the sector with secure minimum returns and potential for higher maximum returns. This is a way for such investors to diversify into an alternative asset class.

MaxLife Fund Corp. is positioning itself to grow with the industry and expand its operation to become one of the leaders in the Life Settlement sector.

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release.

    For further information contact:
    MaxLife Fund Corp.

    Tel: 1-866-752-5557
    Email: info@themxway.com
    www.maxlifefund.com


'/>"/>
SOURCE MaxLife Fund Corp.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. MaxLife Fund Corp. declares dividends to shareholders of Preferred Shares
2. MaxLife Fund Corp. declares dividends to shareholders of Preferred Shares.
3. MaxLife Fund Corp. Appoints Mr. Dan Schmitt, Mr. Randy Delkus and Mr. Daniel E. Kahan to its Board of Directors
4. MaxLife Fund Corp. and Capital Growth Planning Inc., sign a joint venture agreement
5. MaxLife Fund Corp. retains the Law firm, Anslow & Jaclin, LLP of Manalapan, N.J., to review MaxLife Fund Corp. options to be listed on the NASDAQ Capital Market
6. MaxLife Fund Corp. appoints Daniel E. Kahan, to its Advisory Board
7. MaxLife Fund Corp. purchases a portfolio of Life Settlement Policies with a face value of $4,000,000
8. BBV Vietnam S.E.A. Acquisition Corp. Announces Signing of Letter of Intent for Business Combination with Migami, Inc.
9. HMS Holdings Corp. Announces Q2 2009 Results and Raises 2009 Guidance
10. Raptor Pharmaceuticals Corp. and TorreyPines Therapeutics, Inc. Announce Merger Agreement
11. Conference Call Advisory - NUCRYST Pharmaceuticals Corp. Conference Call to Discuss 2009 Second Quarter Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... ... May 24, 2016 , ... ... research and education, today announced that it has named Scott Santarella as its ... J. Addario Lung Cancer Foundation (ALCF) in San Francisco, where he successfully helped ...
(Date:5/24/2016)... ... ... After graduating from Cornell, author Joshua Alexander was diagnosed with ... on Social Security disability and staying in a group home. In “ Healing Schizoaffective ... Balboa Press), Alexander shares how he was finally able to heal with the help ...
(Date:5/24/2016)... ... 2016 , ... PhysicianOne Urgent Care, advocators in helping their patients lead the ... avoid being bitten this spring. , The official tick season kicks off in ... are known for attaching themselves to their prey while they feed off their blood. ...
(Date:5/24/2016)... Lafayette, Colorado (PRWEB) , ... May 24, 2016 ... ... landscape architecture firm, announces the grand opening of ‘El Centro del Quinto Sol ... citizens of the Pueblo ‘east side’ community to offer something special for this ...
(Date:5/24/2016)... CA (PRWEB) , ... May 24, 2016 , ... ... cell imaging; high content imaging; multiplex immunoassays are widely used for cell and ... for labs to maximize their quality and efficiency in these areas. , LabRoots ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... 2016 The World Health Organization (WHO) expanded the ... include adolescents aged 13 years, and above. Effective immediately, the ... adult and adolescent males in the 14 priority countries in ... the first male circumcision device to receive WHO Prequalification on ... Horowitz said: " The expanded use of ...
(Date:5/23/2016)... ABU DHABI , UAE, May 23, 2016 ... the importance of Precision Medicine and the role ...     The First International ... under the distinguished patronage and presence of Sheikh ... Development. The conference focused in Precision Medicine, which helps provide ...
(Date:5/23/2016)... -- The global  reprocessed medical devices market ... according to a new study by Grand View Research, ... the lack of centralized support for waste disposal in ... for reprocessed medical devices market. Additionally, the long-term cost-efficiency ... the original device is the high impact rendering driver ...
Breaking Medicine Technology: