Court Rules in Favor of Life Partners

Company’s Life Settlements Ruled Not Securities; Previously Declared Dividend to be Paid

Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that Travis County District Judge Stephen Yelenosky ruled that the life settlement transactions that it facilitates are not securities under Texas law. Although subject to appeal, the ruling effectively ends the Texas Attorney General’s suit against Life Partners, which had asserted that the 21-year-old company’s life settlement transactions were securities under Texas law. In making its ruling, the Court denied all relief sought by Texas Attorney General Greg Abbott which includes an end to a temporary restraining order which will permit Life Partners to pay the $0.10 dividend it had previously declared to shareholders of record as of September 3, 2012. The court made the ruling after a two-day evidentiary hearing.

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Digital River to Acquire LML Payment Systems

Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, and LML Payment Systems Inc. (NASDAQ: LMLP), a leading provider of electronic payment processing, risk management and authentication services, announced the signing of a definitive agreement whereby Digital River will acquire LML Payment Systems Inc. in an all cash transaction valued at U.S. $3.45 per share, or an aggregate purchase price of approximately U.S. $102.8 million.

The acquisition joins two complementary card-not-present payments businesses, positioning Digital River to further capitalize on its global success in online payment processing. Digital River has traditionally focused on online payment processing for enterprise and mid-sized merchants.

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Net1: Court Rules SASSA Contract Valid and Will Not Be Set Aside

Net 1 UEPS Technologies Inc. (UEPS)(JSE:NT1) ("Net1") today announced that the North Gauteng High Court has ruled that the contract between Cash Paymaster Services (Pty) Ltd and SASSA for the payment of social welfare grants on a national basis for a five year period remains valid and will not be set aside.

"We are delighted by the High Court's decision to validate our agreement with SASSA," said Dr. Serge Belamant, Chairman and CEO of Net1. "We agree with the court that the continued deliverance of a high level service to our beneficiaries is of tantamount importance and, as such, we remain absolutely committed to SASSA and our beneficiaries," he concluded.

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Life Partners Prevails in TRO Hearing

Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that a Texas district judge on Friday refused to grant state officials the right to block Life Partners’ business or appoint a receiver. Judge Orlinda Naranjo’s order allows Life Partners to continue conducting its business in the ordinary course pending a temporary injunction hearing. An evidentiary hearing on the state’s petition for a temporary injunction is set for August 30, 2012.

The Texas Attorney General, acting for the State Securities Board, had filed suit against Life Partners, Life Partners, Inc., its Chairman and President, Brian Pardo, and its General Counsel, Scott Peden. Pardo and Peden are also directors of Life Partners.

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MercadoLibre, Inc. Reports Financial Results for Second Quarter 2012

* Items sold during Q2'12 increased by 35.6% year-over-year to 15.8 million
* Net Revenues in Q2'12 grew to 88.8 million, a 47.1% growth in local currencies
* Q2'12 net income increased to $25.4 million, a 90.8% growth in local currencies

MercadoLibre, Inc. ( MELI ) (, Latin America's leading e-commerce technology company, today reported financial results for the second quarter ended June 30, 2012.

Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc., commented, "Wrapping up the first half of 2012 I am very pleased with our solid performance, achieved despite currency and macro headwinds, confirming the strong secular tailwinds behind e-commerce growth, as well as our solid execution on top of a flexible business model that captures this growth through multiple channels.

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