LFXG Finra deleted symbol:

http://otce.finra.org/DLDeletions

Just shows that most OTCBB "stocks" are scams.

Life-Exchange Reports Third Quarter 2009 Financial Results
May 18, 2009 10:24:00 AM
Copyright Business Wire 2009


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View Additional ProfilesMIAMI--(BUSINESS WIRE)-- Life-Exchange, Inc., (OTCBB:LFXG), the nation's leading trading platform for the life settlement industry, announced today its third quarter 2009 financial results for the three months ended March 31, 2009.

"We are pleased to see the stabilization and resilience of the life settlement market and signs that its growth trajectory is moving back towards its previous path in 2007. Life-Exchange continues to grow with the market and we see more industry participants opting for the benefits of transacting life settlements on an electronic platform. We believe that within the next five years better than 80% of all life settlement transactions will be conducted electronically," commented David C. Dorr, President & CEO, Life-Exchange, Inc.

The Company's primary financial information is shown below, comparing the three months ending March 31, 2009 with the three months ending March 31, 2008. The discussion of the Company's financial results should be read in conjunction with the Company's consolidated financial statements and the notes thereto and the other financial information appearing in the Company's Form 10-Q filing with the Securities and Exchange Commission.

Results of Operations

Revenues increased $58,207 (18.6%) to $370,925 for the three months ended March 31, 2009 compared to $312,718 for the three month period ended March 31, 2008. The increase is attributable to the recovering life settlement industry after several quarters, which saw a worsening economy. The Company currently operates three service lines, its original exchange transaction platform service line, specialty auctions and a new service line of brokerage services, which commenced operations during the first quarter of fiscal 2009.

Costs of Revenue increased $5,398 (76.9%) to $12,420 for the three month period ended March 31, 2009 from $7,022 for the three month period ended March 31, 2008. Cost of revenues consists of product development expenses, internet hosting services and related expenses. The increase was primarily due to a combined increase in Internet Hosting costs and other cost.

Sales and Marketing Expense increased $89,712 (151.1%) to $149,071 from $59,359 for the three month period ended March 31, 2009 and 2008, respectively. Sales and marketing expenses consist of travel, communications, subscriptions and memberships. The increase was due to increased commissions and decreases in other categories as result of efforts to reduced costs.

Administration Expense increased $123,825 (73.3%) to $292,645 from $168,820 for the three month periods ending March 31, 2009 and 2008, respectively. Administration expenses consist of payroll expenses, professional fees, office expenses and other general and administrative expenses.

The increase was primarily due to increases in:

-- professional fees (legal, consulting and accounting) of $116,829 due to
legal and licensing matters related to establishing additional companies
-- issuance of stock for employees and consultants

The increases were partially offset by decreases in:

-- payroll of $93,997 as a result of salary reductions in response to the
weakening economy

Other Income (Expense) reported an increased expense of $6,556 (76.8%) to $15,084 from $8,528 for the three month periods ending March 31, 2009 and 2008, respectively. Other income (expense) consists of refunds received, interest income and interest expense. The decreased expense is primarily due to increased interest on the note.

Net Income (Loss) decreased by $167,284 (242%) to a $98,295 net loss from a $68,989 net income for the three month periods ending March 31, 2009 and 2008, respectively. The decrease is primarily due to a decrease in exchange revenue due to disruptions in the economy during the past year. However, this quarter has seen an increase in revenues over the previous quarters, although expenses to create these revenues have increased over those of the same quarter in the previous year.

Please reference the Company's Form 10-Q to access the notes which are an integral part of the consolidated financial statement. The company's most recent 10Q can be downloaded at EDGAR's Online.

About Life-Exchange

Life-Exchange, Inc. is the largest and only independent, electronic trading platform for the life settlement industry. Designed by industry leaders, Life-Exchange serves the secondary life insurance market by bringing buyers and sellers of life settlement policies together in a virtual, online marketplace. The features of Life-Exchange are specifically designed to improve regulatory compliance, increase customer value, reduce transaction costs, create new revenue models, and add efficiency to an otherwise inefficient market. Founded in 2004, Life-Exchange is headquartered in Miami, Florida.

For additional information on Life-Exchange, Inc., visit www.life-exchange.com or call 866-907-9766.

Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed.

Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this release. Life-Exchange does not intend to update these forward-looking statements.




Source: Life-Exchange, Inc.


----------------------------------------------
Life-Exchange
Inc.
Miami
Carline Gele
866-907-9766

I got a flier in the mail today. I think they want to find a fool to buy and watch it go down. Price 1.70 vol 600 .

I got a flier in the mail too. It was trading around a dollar, now it's .30. Almost all the stocks I get in the mail like this are much lower within a year.

I also got a flier in the mail from "The 2007 Stock Market Report" on this issue. I think I'll just keep an eye on it.
http://www.life-exchange.com/

Me too nice flyer
thats why its up already this year
lol
sell sell into the rally
unbelievable
300 000 shares need to be sold to pay for this advertisement eh... spam

MK

i got a pump mail today

just thinking...

just thinking...

just thinking...

yes, but don't chase it. let pps be your price entry you want.

Hi Mick, Donna got a pump in the mail about this stock, are you in?

i did read it was a shell and did a r/s in the filing.

i got this in search at yahoo.

No idea....I am watching this simply due to the mailer.

do you know the o/s for the company?

My sentiments exactly.Too much forward momentum to stop its roll ...the p/r was nothing more than a speed bump.

not confusing. just that the gent knocks it and goes higher after he reviewed it.

That's the point....the release came out calling it a pump and dump....and it still closed green.What part of this is confusing?

2023, that was a little hard to understand. that news release was in the morning.

It's definately a good sign when a negative p/r hits and the stock still closes + 0.20 (14.29%)

http://finance.yahoo.com/q/bc?s=LFXG.PK&t=1d

going to say this is it.

bees back in a few.

i didn't get to buy any because i just got it today. it doesn't look bad for a possible home run.

You and me both mick : )

i receive my mailer today.

The mailer will produce a pop........followed with a drop.Great scalp....horrible long imho.

BOSTON (MarketWatch) -- The latest "issue" of "Investment Trader Trends" to arrive in the mailbox promised "hot new investments for 2006," "a new market sector that you can't afford to ignore" and a stock that "could yield a staggering 600 percent return or more!"
But this wasn't any investment newsletter talking about different stocks or some magazine discussing trading strategies.
Instead, it was a clever, slick, fold-over piece of bulk mail, and the entire "issue" was dedicated to one company, Life Exchange Inc. (LFXG : life exchange inc com
News , chart, profile, more
Last: 1.60+0.20+14.29%

LFXG1.60, +0.20, +14.3%) , a new stock that carries a "10 out of 10" rating, according to Investment Trader Trends. The publisher also gave the stock a target price of $14.33 per share, roughly 10 times its current value.
What the purported newsletter did not say is that thanks entirely to this pump-up-the-trading-volume effort, Life Exchange is a Stupid Investment of the Week.
Stupid Investment of the Week showcases the issues and concerns that make a security less than ideal for the average investor, in the hope that showcasing the flaws in one issue will make them easier to root out elsewhere. While obviously not a purchase recommendation, neither is the column meant as an automatic sell signal; in the case of a young issue such as Life Exchange supporters likely will need above-average knowledge to have the nerve to stick with their pick after the bulk-mail buzz is gone.
The Investment Trader Trends junk mail is a fancy twist on a common pump-and-dump ploy. Typically, investors get spam e-mails or junk faxes touting hot issues purportedly poised for takeoff.
The mail piece is much more polished and impressive, mixing some accurate information on Life Exchange with hyperbole. The average investor might have a tough time distinguishing the truth from the hype.
Life Exchange is a new stock, created in January through a merger of the two-year-old business with a company called Technology Enterprises. In a move common to penny stocks, Miami Beach, Fla.-based Life Exchange hooked up with a shell company, did a reverse merger and -- armed with a new ticker symbol -- took Technology Enterprises' place on the Pink Sheets. (Interestingly, almost a year to the day earlier, Technology Enterprises completed a similar kind of deal with a company called Value Software Corp.)
Life Exchange is in the "life settlement" business. Life and viatical settlements are deals in which the holder of a life insurance policy sells the eventual benefits in exchange for a reduced-but-immediate cash benefit. The settlements can be packaged into securities -- similar to mortgage-backed securities -- which can then be traded; Life Exchange is creating a market for trading these settlements and securities. Wall Street firms are intrigued by the life-settlement business because the value of these insurance-related products is not tied to the activity in the stock market.
Investment Trader Trends uses superlatives to make the stock and its business sound firmly established, rather than like a raw start-up. It uses the company's Web site -- www.life-exchange.com -- to hint at having support from management.
Yet company founder Dave Dorr says he has "no clue what Investment Trader Trends is, or who is behind this. They are not affiliated with us in any shape or form. We have not heard of them, period."
Dorr has not seen the mailer and was unaware of it until called for this column.
Attempts to push and manipulate a stock's price don't require management participation; new issues like LFXG can move wildly thanks to almost any report, making them juicy targets for speculators looking to play pump and dump.
LFXG shares have moved wildly since it went public, but average daily trading volume is about four times the norm in the week-plus since Investment Trader Trends put its card in the mail.
With any stock tip, investors should dig into the details that supposedly make the issue a flaming buy.
But Life Exchange trades on the Pink Sheets -- a centralized quotation service that collects and distributes market-maker prices for securities traded in the over-the-counter market -- meaning that investors can't learn much. Many fine companies trade on the OTC Bulletin Board and on Pink Sheets, and countless investors profit from dabbling in penny stocks, but it can be the seedy neighborhood of the investment world when a Main Street investor strays into it.
Companies "traded on pinks" are not required to meet the minimum asset or revenue levels of the big stock exchanges. Most pink-sheet stocks do not consistently file regulatory paperwork, like quarterly financial statements.
Life Exchange has yet to make significant financial disclosures, although Dorr expects to produce numbers as the firm gets more established.
Without that data, however, the investor can only check out the source behind a "10 out of 10" rating and a projected yield of 600% or more.
Only in the fine print of the Investment Trader Trends notice do you learn that the firm -- about which no significant information is available -- was paid 300,000 shares by a "third-party shareholder" and that those shares must be sold to pay for the cost of the ad.
And in one of my favorite disclosures ever, the all-important "target price" was determined "arbitrarily." Arbitrary, in this case, probably means "whatever it cost us to print and send the ad, times 25."
"This is the neighborhood of investments where people stand on street corners and say 'Hey buddy, want to buy this?'" says Robert V. Green, investment strategist at Briefing.com. "Without any real information other than what was sent by someone clearly trying to profit from their own advice, you don't know enough to invest."
In the end, Life Exchange is currently like the supposed Rolex watch being sold for 10 bucks on a street corner in a city near you. You may hope it's real and it may turn out to have some value, but it's not likely to make you rich. And it's not going to be worth your money until you can establish that it at least has the potential to work.

what price you starting at?

I see a 3 bagger on this one! tm