Integrity Capital Partners Facilitates Disposition of $130 Million of Life Insurance Policies for X-Rite, Inc.

Integrity Capital Partners (ICP), a leader in the secondary life insurance market, has facilitated a very unique transaction to assist X-Rite, Inc., a publicly-traded color science and technology company, in increasing its cash and eliminating expenses of unwanted life insurance policies.

ICP was given the task of evaluating the viability and continued ownership of life insurance policies owned by X-Rite that were placed upon the lives of X-Rite founders who are no longer involved with the company. The life insurance policies ranged between $5 million and $20 million in face value. ICP marketed the policies to nearly 40 institutional capital sources in an effort to achieve the best possible price for X-Rite, Inc.

"We were excited to have been able to achieve a valuation in excess of 50% over the cash surrender value for X-Rite on the policies that were sold," commented Robert Finfer, CEO of Integrity Capital Partners. "By removing the policies from X-Rite's balance sheet, the company received a cash payout of approximately $20.6 million and freed up its ongoing obligation to pay the costly insurance premiums for these policies which were in excess of $6.7 million annually."

"We are always excited when we see a financial transaction of this type provide such a great result for the client, and it's always great to work with organizations like X-Rite who are wiling to utilize unique and very creative ways of increasing a company's cash position," Finfer said.

" Robert Finfer's facilitation of this life settlement transaction was a key part of the overall recapitalization of X-Rite," said David Rawden, CFO of X-Rite. "He was able to exceed our expectations in a very difficult economic environment."

This untraditional way for companies to increase cash and eliminate the costly expense of premiums through life settlements is likely to become more common as companies become more familiar with how this type of transaction can maximize the value of their assets.

About Integrity Capital Partners

Integrity Capital Partners (http://www.integrityp.com/) is a leading life insurance settlement and premium finance broker located in Bethesda, MD. Offering Life Settlement Brokering Services and Premium Finance Concepts, Integrity extends E&O Coverage to all of its producer clients and is a proud member of NAIFA and LISA, as well as an MDRT "Top of the Table" producer. Integrity Capital Partners was recently ranked as the 2nd fastest growing insurance related company in the U.S. by Inc. magazine, and is recognized annually as one of the largest insurance companies in the Washington Metropolitan area by the Washington Business Journal.