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Microcap & Penny Stocks : LifeOne, Inc. (LONE) -- Ignore unavailable to you. Want to Upgrade?

To: Sipowitz who wrote (804)	5/23/1999 10:36:00 PM
From: MonteChristo	Read Replies (1) \| Respond to of 1834

Well, read the header to the thread if you will please. Involentary bankruptcy case has been ordered dismissed. This allows them to continue on with business now. Approx 17 million shares out, float? 8-10 Still have to go through arbitration hearings with some debenture holders. Worst case scenerio, they have to dole out some shares. Also still involved with a RICO case against some debenture holders. LONE alleges stock manipulation and shorting. No downside to that case that I can see. Powerful upside. Bottom line, they are in the business of acquiring and turning around insurance companies and growing through acquisition. They have a plan for "recovery" that you must read. Go to their website life1.com and go under news releases. Read at least the ones from this year and last. This will help you understand more of what they are all about. Let me know what specifics you may have. We'd be happy to help.

To: Sipowitz who wrote (804)	5/23/1999 10:38:00 PM
From: MonteChristo	Respond to of 1834

LIFEONE PLANS FOR RECOVERY North Bethesda, Maryland, March 18, 1999 - - LifeOne, Inc. (OTCBB:LONE), (the "Company"), announced today that it is repositioning the company to quickly increase shareholder value once the petition for involuntary bankruptcy is withdrawn or judicially overturned. LifeOne has been subject to an involuntary bankruptcy petition filed against the company last August and recently settled with two of the three petitioning parties (see company press release February 1, 1999). LifeOne Chairman Benjamin P. Wall stated, "This period of retraction has allowed LifeOne the opportunity to review and enhance its plans for growth. The company's plans to accelerate shareholder value will attempt to make up for lost time for shareholders who have had to suffer from the stock manipulation of some of the company's debenture holders." The platform of the revised business plan incorporates the original plan of growth through acquisition but expands on it to include subsidiary spin outs and an acquisition partnership. LifeOne expects to build shareholder value quickly by placing certain acquisitions in subsidiary shells and then effecting spin outs of the acquisitions. The company has four seasoned shell subsidiaries that can be used to implement tax-free spin outs of new public companies. Shareholders holding LifeOne shares as of the record date (to be decided) would receive shares of the new companies proportional to their percentage of LifeOne. LifeOne is currently analyzing a specialty preferred provider organization (PPO), a high tech company, and several workmen's compensation insurance companies. In addition, several senior life insurance executives who have affiliations with LifeOne have formed an acquisition partnership apart from LifeOne, but which will allow LifeOne to participate in larger acquisitions, companies with assets in the $200 million to $1 billion range. As part of this strategy, Peter Huff has joined with the partnership where he can best match his skills and experience to acquisitions that would otherwise be out of reach for LifeOne. LifeOne will have the opportunity to acquire a percentage of the partnership, effectively increasing the equity and profits to the company while reducing its expenses. The partnership may buy LifeOne common shares on the open market if it deems the stock to be undervalued. LifeOne will be run by the remaining members of its executive committee, Ben Wall and Brent Chapel, until the petition is lifted and a new ceo is designated. LifeOne will submit an 8k filing with the Securities and Exchange Commission regarding its expanded business plan. LifeOne also plans to keep shareholders updated on the business plan through its website, www.Life1.com. Certain statements in this release may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Certain but not necessarily all of such forward looking statements can be identified by the use of such words as "believes," "projects," "expects," "may," "will," "should," or "anticipates," or other variations or by discussions of strategies involving risks uncertainties. The actual results of LifeOne, Inc. or industry results may be materially different from any future results expressed or implied by such forward looking statements. 888-984-0800 7212 Old Stage Road N. Bethesda, MD 20852