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Specialty finance company and a leader in the secondary life insurance market moves up in public company rankings
MINNEAPOLIS, April 26, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the secondary market for life insurance, has been named to the Minneapolis/St. Paul Business Journal’s (MSPBJ) “Public 75 Companies,” an annual list of the top revenue-generating companies in Minnesota.
GWG ranked #69 on this year’s list, moving up from last year’s #74 ranking. Read GWG’s fourth-quarter and full-year 2015 earnings announcement.
“GWG is honored to again rank among Minnesota’s largest public companies,” said CEO Jon Sabes. “As we celebrate our 10-year anniversary this month, we’re proud of our company’s many achievements and look forward to continued growth and success. We are committed to helping seniors realize significant value in their life insurance through the secondary market.”
About Minneapolis/St. Paul Business Journal’s “Public 75 Companies” List
To be eligible for the “Public 75 Companies” list, companies must be headquartered in Minnesota, issue common stock that trades on a stock exchange, and be current in filing of quarterly earnings reports. Revenue from continuing operations is calculated by summing the four quarters that most closely approximate calendar year 2015, without regard to fiscal year. MSPBJ reduced the size of its list this year from 100 to 75 companies, in part because companies at the bottom-fourth of the total list make little impact on the total figures. The region has also experienced fewer IPOs and more mergers and acquisitions in recent years.
About GWG Holdings, Inc.
GWG Holdings, Inc. (NASDAQ:GWGH) is a specialty finance company and a leader in the secondary market for life insurance. GWG is dedicated to creating a vibrant secondary life insurance market for the economic benefit of seniors seeking post-retirement financial solutions, investors seeking yield derived from non-correlated assets, financial advisors seeking value-added products and services for their clients, and shareholders seeking to benefit from the growth of this marketplace. As of December 31, 2015, GWG’s growing portfolio consisted of $945 million in face value of benefits. [Since 2006, GWG has purchased nearly $1.8 billion in life insurance policy benefits, putting over $315 million back in the hands of seniors in exchange for their policies.] For more information about GWG Holdings, email info@gwglife.com or visit www.gwglife.com.
For further information contact:
Rose ReifsnyderGWG Life, Inc.
612-840-7204
rreifsnyder@gwglife.com
Betsy TaubeG&S Business Communications
919-870-5718 ext. 3221
btaube@gscommunications.com
GWG Holdings, Inc.
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