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Life-Exchange Announces Results for Fiscal Year 2008

MIAMI-(Business Wire)-October 2, 2008 - Life-Exchange, Inc., (OTCBB:LFXG), the nation’s leading online business-to-business exchange for the life settlement industry, announced today its financial results for the fiscal year ended June 30, 2008 with revenue of $1,294,596 and a net income of $332,128 for the same 12 month period.

“We are proud to complete our first profitable year. I believe the fact that we have reached profitability just two short years since our launch in 2006, is a true testament to the services that we offer and to the value we bring to our customers and the secondary life settlement market,” commented David C. Dorr, Life-Exchange’s Chief Executive Officer and President.

“This past year has been heavily focused on building the foundation for growing our business. As credit and equity markets continue to destabilize we believe the life settlement market will continue to flourish as consumers sell unneeded insurance policies to raise cash and as investors seek safe havens in non-corollary assets. Moving forward, we believe the coming year will bring Life-Exchange significant opportunities to grow our profits,” added Mr. Dorr.

The Company’s primary financial information is shown below, comparing the 12 months ending June 30, 2008 with the nine months ending June 30, 2007. The discussion of the Company’s financial results should be read in conjunction with the Company's consolidated financial statements and the notes thereto and the other financial information appearing in the Company’s Form 10-K filing with the Securities and Exchange Commission.

Revenues increased $1,122,390 (652%) to $1,294,596 (FISCAL 2008) from $172,206 (FISCAL 2007).
Costs of Revenue decreased $14,232 (28%) to $36,849 (FISCAL 2008) from $51,081 (FISCAL 2007).
Sales and Marketing Costs increased $161,940 (276%) to $220,666 (FISCAL 2008) from $58,726 (FISCAL 2007).
Administration Costs decreased $138,844 (18%) to $626,328 (FISCAL 2008) from $765,172 (FISCAL 2007).
Other Income (Expense) reported an increased expense of $26,012 (314%) to $34,284 expense (FISCAL 2008) from $8,272 expense (FISCAL 2007).
Net Income (Loss) increased $1,087,512 (153%) to $376,469 net income (FISCAL 2008) from $711,043 net loss (FISCAL 2007).

Please reference the Company's Form 10-K to access the notes which are an integral part of the consolidated financial statement. The company’s most recent 10K can be downloaded at EDGAR's Online.

About Life-Exchange

Life-Exchange, Inc. is the largest and only fully independent, electronic trading platform for the life settlement industry. Designed by industry leaders, Life-Exchange serves the secondary life insurance market by bringing buyers and sellers of life settlement policies together in a virtual, online marketplace. The features of Life-Exchange are specifically designed to improve regulatory compliance, increase customer value, reduce transaction costs, create new revenue models, and add efficiency to an otherwise inefficient market. Founded in 2005, Life-Exchange is headquartered in Miami, Florida.

For additional information on Life-Exchange, Inc., visit www.life-exchange.com or call 866-907-9766.

Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this release. Life-Exchange does not intend to update these forward-looking statements.

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