PROVO, Utah, April 17, 2013 /PRNewswire/ -- Sundance
Strategies Inc. formerly Java Express, Inc. today announced a new
corporate identity, and also announced that its common stock has
begun trading under a new ticker symbol (OTC BB: SUND) on the
over-the-counter bulletin board.
Sundance Strategies is a successor of ANEW LIFE, INC. that was
organized under the laws of the State of
Utah on January 31, 2013, and
is engaged in the business of purchasing or otherwise acquiring or
settling notes, drafts, acceptances, open accounts receivable and
other obligations representing part or all of the sales price of
insurance, life settlements and related insurance contracts,
policies and obligations.
"We are excited to launch our new corporate identity as we seek
to revolutionize the life insurance settlement market," commented
Randy Pearson, President of Sundance
Strategies. "The company has assembled a proven team and developed
a unique approach to life insurance settlements, which guarantees
predictable cash flows and removes the risks and challenges
typically associated with these transactions. By insuring the
acquired policies, a practice unique to Sundance, the company will
receive guaranteed cash flows no matter when the policies mature.
In addition, the company has developed proven strategies for policy
acquisition, assuring that only the best policies are purchased.
Finally, our public market structure will provide liquidity for
investors. To date we have acquired $129
million in net face value net insurance benefits, which we
believe will deliver approximately $40
million in discounted future cash flows to Sundance,
inclusive of premiums. We are targeting a portfolio of more than
$1 billion subject to future
financings."
Disclaimer
Forward-looking statements in this press release are made
pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, economic conditions generally in
the United States and
internationally, and in the industry and markets in which we have
and may participate in the future, competition within our chosen
industry, our current and intended business, our assets and plans,
the effect of applicable United
States and foreign laws, rules and regulations and our
failure to successfully develop, compete in and finance our current
and intended business operations and other risks detailed from time
to time in the Company's periodic reports filed with the SEC, and
specifically, the Risk Factors and other information about the
Company contained in its 8-K Current Report dated March 29, 2013, and filed with the SEC on
April 5, 2013.
Contacts
Cameron Donahue, Hayden IR
(651) 653-1854
cameron@haydenir.com
SOURCE Sundance Strategies, Inc.