Life Partners Holdings, Inc. Announces Receipt of NASDAQ Letter Relating to Non-Compliance with Listing Rules

Life Partners Holdings, Inc. LPHI announced today that on July 18, 2011, the Company received a letter from the staff of the NASDAQ advising that because the Company has not yet filed its Form 10-Q for the fiscal quarter ended May 31, 2011, and because the Company remains delinquent in the filing of its Form 10-K for the year ended February 28, 2011, the Company does not meet the criteria of Listing Rule 5250(c)(1). The Company had previously received a delinquency letter from the NASDAQ regarding its Form 10-K. NASDAQ Listing Rule 5250(c)(1) requires the Company to timely file all required periodic reports and other documents with the Securities and Exchange Commission. The letter states that the Company has until August 1, 2011, to submit a plan to regain compliance with the Listing Rules. If the Company submits a plan, NASDAQ can grant the Company up to 180 calendar days from the due date of the Form 10-K, or until November 29, 2011, to regain compliance. The Company intends to submit a plan to regain compliance to NASDAQ no later than August 1, 2011. No assurance can be given that NASDAQ will accept the Company's compliance plan or grant an exception for the full 180-day period contemplated by the NASDAQ Listing Rules. Under the NASDAQ rules, the Company's common stock will continue to be listed on NASDAQ until August 1, 2011, and for any exception period that may be granted to the company by NASDAQ. Until the Company regains compliance, however, quotation information for the Company's common stock will continue to include an indicator of the Company's non-compliance, and the Company will continue to be included in a list of non-compliant companies on the NASDAQ website.