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                      Alcor News Bulletin
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                  Number 42: September 3, 2005

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 In this issue:

 *   Announcement
 *   Next Board Meeting

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                        Announcement

 The Board of Directors felt it was important to personally
 inform all Alcor members of two recent events.
 First, Alcor's President and CEO, Joe Waynick, has decided
 to leave Alcor and pursue other interests. We received his
 resignation effective August 28, 2005. Joe has been
 President and CEO for nearly two years. He will continue to
 be an Alcor member. We wish Joe the best in going forward.

 Steve Van Sickle will temporarily assume the role and
 responsibilities of day-to-day operations of Alcor, acting
 as our Executive Director. Steve has a long history with
 Alcor, having become a member in 1992. Early in his
 membership, he assisted in engineering Alcor's crackphone
 and Air Transportable Perfusion (ATP) systems. In 1999,
 Steve was elected as a Member of the Board of Directors;
 and in February 2005, he joined Alcor's staff as the
 Technical Development Leader. We believe Steve is an
 excellent choice to lead Alcor's staff during this
 transition.

 The Board has commenced its search for a new President and
 CEO. A search committee, to be headed by Board Chairman,
 Dr. Michael Riskin, will be formed, and inquiries will be
 made across the country and around the world for qualified
 candidates. This is an opportune time to further Alcor's
 goals. Accordingly, the Board's search committee will take
 the necessary time to identify and retain the sort of
 leader who can take us to the next level.

 Second, on another matter, we have learned that a
 substantial sum of money is missing from Alcor. We
 suspected that a former employee misappropriated
 approximately $180,000. Last week, the police arrested
 former Alcor bookkeeper, Tim Reeves. While Mr. Reeves has
 yet to be tried on these charges and is innocent until
 proven guilty, the police have informed us that he has
 confessed to most of the theft. We are cooperating with the
 Scottsdale prosecutor assigned to this matter, and we will
 keep you informed as the case progresses. We are also
 working with the police and a private investigator to
 recover the funds.

 Please be assured that we have covered all member prepaid
 accounts through Alcor general funds and no member should
 be concerned about their good standing with Alcor as a
 result of this matter. We shall use this situation as an
 opportunity to strengthen the internal controls that the
 Alcor staff exercises to protect our organization. We have
 engaged our outside auditors to conduct an internal
 controls review and suggest procedures to ensure that this
 will not happen in the future.

 That's all the news for now. We look forward to continuing
 to strengthen and improve Alcor during this time of change.

 If you have questions or concerns about any of these
 issues, feel free to contact Steve Van Sickle at 480-905-
 1906 ext. 104 or 877-462-5267 ext. 104 or
 If you or someone you know would like to
 be considered as a candidate for the President/CEO
 position, please contact Dr. Michael Riskin at (714) 313-
 9129 or

 Alcor Life Extension Foundation

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                      Next Board Meeting

 The next Board meeting is scheduled for Saturday, September
 10, 2005 at 11:00 AM (MST).

 Board meetings are typically held on the first Saturday of
 the month at the Alcor facility (7895 East Acoma Drive in
 Scottsdale, AZ). Members and the public are encouraged to
 attend.

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 End of Alcor News bulletin #42 dated September 3, 2005.
 Distribution: 768 subscribers.

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