SPOKANE, Wash.--(BUSINESS WIRE)--North Seashore Life Insurance Company (OTCBB:NCLIP) have released its
statutory fiscal consequences for the time period ended September 30, 2007. The
consequences demo a nett loss before dividends to preferable shareholders of
$60,360 for the one-fourth ended September 30, 2007, and nett income of
$50,232 before dividends to preferable shareholders year-to-date in 2007. Preferred stock dividends of $272,018 have got been paid during the current
year, while the Company have experienced a $393,000 diminution in its
Excess business relationship since December 31, 2006.

The Company’s Board of Directors, at its
regular quarterly meeting held October 26, 2007, postponed until
December a determination on the declaration of the December 31, 2007
preferable stock dividend payment on its Series A Accumulative Convertible
Preferred Stock. Looking to the fiscal wellness of the Company, the
Board discussed establishing a lower limit degree of Capital and Excess
relative to the declaration of dividend payments. Although no lower limit
degree was established at this meeting, the Board felt that it would be
prudent to wait until more than information is available about the trading operations
of the Company in the 4th one-fourth to do a determination on the
declaration of the dividend.

These results, along with other Company information, may be viewed at
the Company’s website: .