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ISSUED 1/25/2005 FOR IMMEDIATE RELEASE

UNIVERSAL LIFE RESOURCES HEARING ADJOURNED TO FEB. 28, 2005

The New York State Insurance Department’s (NYSID) public hearing on Universal Life Resources, Inc. (ULR), three of its affiliates, and one of ULR’s top executives that was scheduled for Monday, Jan. 31, 2005 at 10 a.m. at 25 Beaver Street, Manhattan has been adjourned to Monday, Feb. 28, 2005 at the same time and location due to the ongoing joint investigation by the NYSID and the New York State Attorney General's Office.

Department of Financial Services

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