2017 News Releases

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GWG Holdings’ Insurtech Subsidiary, Life Epigenetics, Announces Two Major Insurers to Test Lifespan-Predictive Technology

MINNEAPOLIS, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Life Epigenetics, the insurtech subsidiary of GWG Holdings, Inc. (Nasdaq:GWGH), announced that two major life insurance companies will begin pilot programs to test its epigenetic-based M-Panel technology. The pilots, developed in partnership with two life insurance companies, are designed to explore how the M-Panel predictive epigenetic technology can be best applied to insurance products and services.  As part of scaling up its operational cap

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GWG Holdings Increases Long-Term Credit Facility to $300 Million

MINNEAPOLIS, Sept. 29, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, increased its senior credit facility from $172 million to $300 million to cover premium payments over the next decade. The 10-year revolving senior credit facility, originated by CSG Investments, Inc., amends the company’s existing facility

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GWG Holdings Reports Second Quarter 2017 Financial Results

MINNEAPOLIS, Aug. 10, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, today announced its financial results for the second quarter ended June 30, 2017. Highlights for the Three Months Ended June 30, 2017 GAAP Financial Information Total revenue of $11.7 million GAAP net loss attributable to

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NAIC Endorses Concepts Pioneered by GWG Life’s LifeCare Xchange Creating Private Market Options for Financing Long-Term Care

MINNEAPOLIS, July 25, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced that The National Association of Insurance Commissioners' (NAIC) Long-Term Care Innovation Subgroup has endorsed the exchange of life insurance policies for private pay options for long-term care services, a concept pioneered by GWG

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GWG Life Teams with Long-Term Care Resources to Assist Seniors Facing Post-Retirement Crisis

MINNEAPOLIS, July 06, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, announced it is partnering with Long-Term Care Resources to roll out the LifeCare Xchange (lcx.gwglife.com), a suite of innovative financial solutions that will help address the long-term care needs of aging Americans. Already a leader in the life insurance secondary market, GWG Life introduced the LifeCare Xchange in 2017 to offer seniors alternative uses for life insurance poli

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GWG Holdings Announces Insurance Technology Expert Tom Nodine to Lead Insurtech Division

MINNEAPOLIS, June 29, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced that insurance technology expert Tom Nodine has joined as its Executive Vice President to lead the development and commercialization of its M-Panel technology, the groundbreaking application of epigenetic science to advanced underwriti

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GWG Life Teams with Broadtower to Launch National Educational Program to Benefit Seniors Facing Long-Term Care

NEWPORT BEACH, Calif., June 07, 2017 (GLOBE NEWSWIRE) -- Broadtower Insurance Solutions® (www.Broadtowerinsurance.com) is teaming with GWG Life (www.gwglife.com) to launch a National Educational Program to promote options for seniors facing long-term care. GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced it is partnering with Br

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GWG Life Rises to Number Two in The Deal’s Annual List of the Top Life Insurance Secondary Market Firms with 150 Percent Growth in Policies Purchased

The Deal List Shows Industry Grew by 47 Percent in 2016 MINNEAPOLIS , June 01, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, executed the second most transactions among companies in the life insurance secondary market in 2016, as measured by The Deal in its annual ranking of firms in the industry. GWG Life'

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GWG Holdings Reports First Quarter 2017 Financial Results

MINNEAPOLIS, May 10, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, today announced its financial results for the quarter ended March 31, 2017. Highlights for the Three Months Ended March 31, 2017 GAAP Financial Information °  Total revenue of $20.1 million, up 12% from the prior year °  Net loss attrib

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GWG Holdings Announces its Exclusive License of Mortality Predictive Technology from UCLA for Life Insurance Industry

MINNEAPOLIS, May 04, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced it has completed its exclusive license with the University of California, Los Angeles (UCLA) for the “DNA Methylation Based Predictor of Mortality” technology for application to the life insurance and related industries. The technolo

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Chris Orestis Joins GWG Holdings as Executive Vice President of Life Insurance Secondary Markets; President Michael Freedman Leaving the Company May 15

MINNEAPOLIS, April 19, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced that Chris Orestis, the former Chief Executive Officer of Life Care Funding, has joined the company as Executive Vice President of Life Insurance Secondary Markets. Orestis, who has twenty years of experience in the life insurance

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GWG Holdings Introduces New $150 Million Redeemable Preferred Stock Offering

MINNEAPOLIS, April 03, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced today that it has begun offering $150 million in publicly registered non-traded shares of redeemable preferred stock. The offering, known as Series 2 Redeemable Preferred Stock, offers a qualified company annual dividend, paid mont

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GWG Holdings to Present at 29th Annual ROTH Conference on March 14, 2017

MINNEAPOLIS, March 10, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, has been invited to present at the 29th Annual ROTH Conference. The conference is being held March 12-15, 2017 at the Ritz Carlton in Dana Point, California. GWG Holdings Chairman and CEO Jon Sabes and CFO Bill Acheson will present on Tuesda

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GWG Holdings Reports Fourth Quarter and Full Year 2016 Financial Results

MINNEAPOLIS, March 08, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, today announced its financial results for the fourth quarter and full year ended December 31, 2016. Highlights for the Three Months Ended December 31, 2016 GAAP Financial Information -- Total revenue of $16.9 million, up over 184% from

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GWG Life Becomes First Insurtech Firm to Collect Epigenetic Samples to Analyze Biomarkers of Life Insurance Policy Owners

Firm Retains Insurance Technology Consultant Tom Nodine and KPMG to Guide it in Insurtech Business Model MINNEAPOLIS, March 02, 2017 (GLOBE NEWSWIRE) -- GWG Life (Nasdaq:GWGH), a financial services company applying epigenetic technology to transform the life insurance industry, announced that it is collecting and analyzing epigenetic samples from life insurance policy owners, making it the first insurtech company to apply DNA Methylation technology to life insurance underwriting. Life insu

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GWG Holdings to Report Fourth Quarter and Full Year 2016 Financial Results

MINNEAPOLIS, Feb. 22, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a financial services company dedicated to transforming the life insurance industry with disruptive and innovative products and services, announced that it will release fourth quarter and full year 2016 financial results on Wednesday, March 8, 2017, before the U.S. market opens. The Company will host a conference call the same day at 4:00 pm ET to discuss these results. The conference ca

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GWG Holdings Announces Retirement of Board Chairman Paul Siegert, Election of New Director Mark Schwarzmann

MINNEAPOLIS, Feb. 21, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company dedicated to transforming the life insurance industry with disruptive and innovative products and services, announced that co-founder and Board Chairman Paul Siegert is retiring from the company and its Board of Directors. Effective immediately, co-founder and Chief Executive Officer Jon Sabes will serve as Chairman of the company’s Board of Directors. In addition, the company annou

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GWG Holdings Announces Special Cash Dividend

MINNEAPOLIS, Feb. 09, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company committed to transforming the life insurance industry, announced that its board of directors has approved the payment of a special cash dividend of $2.50 per share to holders of its Redeemable Preferred Stock (RPS).  The dividend will be paid on April 14, 2017 to stockholders of record at the close of business on April 5, 2017. CEO Jon Sabes said, “We are offering this special divi

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Expert on Aging Dr. Brian Chen Joins GWG Holdings to Lead Development of Epigenetic Mortality Prediction Technology for Firm’s Life Insurance Products and Services

MINNEAPOLIS, Jan. 26, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company applying epigenetic technology to transform the life insurance industry, announced it has hired Dr. Brian Chen to lead its new initiative to measure and predict human lifespan.  As Vice President of Research and Analytics, Dr. Chen will be responsible for developing and implementing GWG’s new life insurance underwriting process using “DNA Methylation-Based Predictor of Mortality” te

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