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Life Partners Holdings, Inc., has received a letter from the staff of NASDAQ advising that, because the company has filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the company’s securities will be delisted from the NASDAQ stock market pursuant to the discretionary authority of NASDAQ under Listing Rules 5101 and 5110(b) and IM-5101-1.

The letter added that the company could request a hearing to appeal the staff’s determination and that any such hearing request would stay the suspension of the company’s securities pending a decision on the appeal. The letter also pointed out that quotation information for the company’s common stock would include an indicator of the company’s non-compliance, and that the company would continue to be included in a list of non-compliant companies on the NASDAQ Web site.

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