Forum National Investments Ltd.

May 29, 2012 10:16 ET

Retransmission: Forum Announces the Appointment of Mr. Frederick Schlosser to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2012) - Forum National Investments Ltd. (OTCBB:FMNL) ("FORUM") announced today that it has appointed Mr. Frederick Schlosser as a Director of the Company effective immediately.

Mr. Schlosser has more than a 30-year career in structured finance with over nine years of domestic and international experience in the Life Settlement industry, most recently with Solstice Strategies as a Managing Director and Co-Founder. Mr. Schlosser was a partner at Brevet Capital, a hedge fund which invested in non-correlated strategies including insurance-linked products. Previously, Mr. Schlosser held the role of Chief Operating Officer at Life Settlements International LLC ("LSI"), a leading Life Settlement provider. While there, he established banking relationships, funding relationships, and acquisitions of policies while pricing and bidding on more than $ 6 billion in face value. During this period they structured and executed a collateralized life settlement bond ($250,000,000 face) with Fortis Bank and CSC Trust Company as counterparties with European distribution. Mr. Schlosser facilitated the sale of LSI to Cantor Fitzgerald.

Mr. Schlosser has an M.S. in Accounting from New York University's Stern School of Business, a BS in Economics from Williams College, and is a Certified Public Accountant (State of New York). He has been an active participant in Life Settlement Associations and a speaker at various industry conferences.

"Given Fred's tremendous depth of experience, we are excited to have him join our Board," said Dan Clozza, CEO of Forum National Investments Ltd.

Aliya Lifespan COO, Robert Benson, stated that, "Fred's understanding and experience of Life Settlement structured products will no doubt be a great asset to Forum moving forward."

About FORUM:

Forum National Investments Ltd. ( is a publicly held company currently trading on the OTCBB since 1998 under the symbol FMNL. The Company's Life Settlement operations in the United States are conducted through its wholly-owned subsidiary, The American Life Settlements: (ALSS)

About ALIYA LifeSpan:

Aliya LifeSpan™, LLC is a broad-based financial asset management firm who specializes in Life Settlements and Life Settlement structured financial products. Aliya LifesSpan™ specializes in utilizing senior life insurance settlement policies, or more commonly known as "Life Settlements", as the asset basis for a variety of investment strategies, which we believe avoids many of the pitfalls of traditional investment classes. Life Settlements are an anomaly in today's investment environment. Life Settlements are not tied to any traded market such as stocks, bonds, foreign currency, or any political, economic or real estate calamity. We have created products for both individuals and institutions by leveraging the unique elements found in Life Settlements which ultimately eliminates many of the potential shortcomings of many other investment classes. Aliya LifeSpan™:


Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.

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