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Re: stervc post# 6917

Thursday, 12/13/2007 7:14:42 AM

Thursday, December 13, 2007 7:14:42 AM

Post# of 87366
Once again, that merger is no longer a going concern per the 06/20/07 company update:

• Merger Talks With London Based Insurance Company

Heritage Capital Credit Corporation together with a related financial guaranty company First Life Financial Corporation has discontinued merger talks with a London based insurance company to form an insurance holding company in the United States. The non-binding Letter of Intent was announced on December 21, 2006. After a six month due diligence period, it was determined that the merger was not beneficial for the companies.


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