Lifeco emphasized it does not endorse Ocehan's offer and has no association with Ocehan LLC. In its statement, the company strongly advised shareholders to consider the offer with caution:

"Lifeco urges shareholders to obtain current market quotes for their shares and to consult with their broker or financial advisor in considering Ocehan's offer. According to Ocehan's offer documents, Lifeco shareholders who have already tendered their shares can withdraw their shares no more than 30 days after the date of delivery of their tender form to the depositary by following the procedure described in the offer documents."