Puritan Financial Group Acquires Client Relationships of National Estate Planning

Addison, TX – The 333rd District Court of Harris County has ordered the sale of operating assets, including the client relationships of National Estate Planning, Inc. (“NEPI”) to Texas-based Puritan Financial Group, Inc. (“Puritan”). This action was the result of a receivership ordered in December of 2009, stemming from an ongoing investigation by the Texas Department of Insurance of complaints made by NEPI clients.

The Houston Chronicle reported that “Leon “Randy” Sinclair and his corporations, the for profit National Estate Planning Inc. and the nonprofit Golden Legacy Inc. were being sued by Mary Christine “Tina” Smith, a 73-year-old Houston widow who alleged Sinclair defrauded her of more than a half million dollars by claiming to invest the money in annuities.”

The sale to Puritan was requested by James Raymond, the court appointed receiver of NEPI, and was approved by the Court pursuant to an Order entered on June 21st, 2010. Under the terms of the Order, Puritan has the exclusive right to deal with the clients of National Estate Planning, Inc. The proceeds of the sale will be subject to the administration of the receivership proceeding. Under the terms of the sale, Puritan is not responsible for the claims against NEPI or Golden Legacy, and did not acquire any of the assets of Golden Legacy.

About Puritan Financial Companies:
Puritan Financial Companies is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth. Puritan Financial Companies has just over fifty thousand client households and operates in 14 states throughout the country. Puritan Financial Companies, Inc. is a privately owned holding company that has four operating subsidiaries that include a Registered Broker Dealer (Puritan Brokerage Services, Inc.); a registered Investment Advisor (Puritan Investment Advisors, Inc.); a multi-state licensed insurance agency (Puritan Financial Group); and a life insurance company (Puritan Life Insurance Company). For more information about Puritan Financial Companies products and services, please visit www.puritanlife.com

This press release includes statements that may constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, continued acceptance of Puritan’s products and services in the marketplace, competitive factors, changes in regulatory environments, and other risks. Puritan does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

Puritan Financial Contact: Marion Hawkins (972)-380-1119 mhawkins@puritangroup.com