SOURCE: Wall Street News Alert

June 23, 2005 08:28 ET

Wall Street News Alert: LFDG Achieves Key Financial Milestones!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 23, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: LitFunding Corp. (OTC BB: LFDG), General Electric Co. (NYSE: GE), Lucent Technologies (NYSE: LU) and Motorola, Inc. (NYSE: MOT).

LitFunding Corp. (OTC BB: LFDG) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that with a recent commitment of a $250,000 line of credit to an East Coast law firm has already achieved its benchmark goal of attaining $2 million of new business by June 30, 2005.

Investors should continue to monitor the prospects of LitFunding for further developments! According to the company's press release, key milestones include:

--  Putting $1,172,500 in funding on the street
--  Processing $3 million in requested funds for 102 cases
--  $518,250 has been collected in principal and fees
--  Principal and fees paid back have reached 48%
--  $568,625 is owed in fees based on $720,000 remaining invested
--  Two Letters of Intent (LOI) of two LLCs for $5 million, with almost $1
    million already put out on the street, with an available $4 million based
    on letters of intent
--  Recent commitment of a $250,000 line of credit to an East Coast law
--  44 cases currently in the pipeline, with funding estimated to commence
    next quarter
These milestones could be great news for investors! "I am very pleased with our progress thus far," said Morton Reed, PhD, the Company's Chief Executive Officer. "Management is confident in our strategy moving forward.

"There is no guarantee that the Company will actually realize the potential receivables described herein. The potential receivables are management's estimate of the amount that could potentially be realized from the Company's litigation advances. However, actually collecting the anticipated level of receivables will be subject to several different factors, some of which are outside of management's control, including, but not limited to, the outcome of any particular matter and fees actually collected."

Keep your eyes on LitFunding!

For updated in-depth coverage and a company profile of LitFunding, visit

Prior to the news release, the stock closed at Forty Two cents a share.

In case you are not familiar with the company: LFC, through its wholly owned subsidiary LitFunding USA, remains one of the nation's largest public companies specializing in the funding of litigation primarily through plaintiffs' attorneys. The company is in the litigation funding business making advances to plaintiffs' attorneys primarily in the areas of personal injury. A fee is earned when the lawsuits so funded are settled or otherwise concluded by a court ruling. At that time, both the funds advanced and the fee contractually agreed to are repaid to the company.

Stocks showing interesting activity yesterday at the close of the regular trading day were: General Electric Co. (NYSE: GE) down 1.1% on 29.2 million shares traded, Lucent Technologies (NYSE: LU) even on 28.8 million shares traded and Motorola, Inc. (NYSE: MOT) up 3.1% on 20.7 million shares traded.


"U.S. leading economic indicators are off 0.5% according to an index compiled by the Conference Board, a think-tank that measures these trends. Nine out of ten indicators in May were down and they forecast 3-6 months in advance of other forecasts," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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