GPACS - Government Pension Accounting Contract Solutions
GPACS was created in response to the General Accounting Standards Board (GASB) Statement 45, which generally requires state and local governmental employers to account for and report the annual cost of OPEB and the outstanding obligations and commitments related to OPEB in essentially the same manner as currently required pension obligations. Annual OPEB costs for most employers will be based on actuarially determined amounts that, if paid on an ongoing basis, generally would provide sufficient resources to pay benefits as they come due. The provisions of Statement 45 do not require governments to fund their OPEB plans. An employer may establish its OPEB liability at zero as of the beginning of the initial year of implementation. However, the unfunded actuarial liability is required to be amortized over future periods. Statement 45 is effective for periods beginning after December 15, 2006, 2007, or 2008, depending on the size of the government entity based on annual revenues used for GASB 34 implementation requirements.

In May of 2004, the GASB issued a corresponding "plan" statement, Statement 43 Financial Reporting for Postemployement Benefit Plans Other than Pension Plans. Statement 43 is effective one year prior to Statement 45. This statement requires a statement of plan net assets, statement of changes in plan net assets, schedule of funding progress, and schedule of employer contributions in the stand-alone financial reports of OPEB plans, as well as in the financial statements of governments having OPEB trust funds.

GPACS - Guaranteed Pension Accounting Contract Solutions
GPACS has a private sector solution for funding pension liabilities. Our GPACS(TM) products, which refers to both the Guaranteed Pension Accounting Contract Solutions product and the Government Pension Accounting Contract Solutions product, relate to a business method of adjusting the balance sheet of a business or governmental organization, and particularly to a system for organizing the unfunded obligations of the organization so that the liability on the balance sheet becomes offset by an asset. The product also provides a systematic investing capability to enhance the profitability of the organization and the improved treatment of tax obligations.

Our GPICS, ETIPS and ETICS products are each investment structures designed to maximize the benefit of energy and equipment tax incentives, in order to facilitate investment in energy related and other business enterprises. An essential feature of these products is a guarantee of the principal invested, as a result of the structuring of the investment.

GPICS - Guaranteed Principle Insured Convertible Securities
ACH offers investors a unique opportunity to lower the risk of investing in traditionally high risk-high return opportunities. This new investment process is called, "Guaranteed Principal Insured Convertible SecuritiesTM". (GPICS), is a way for investors to continue to invest in buyouts, venture funds, mezzanine funds and emerging growth companies, seeking the high yield upside possibilities without ever jeopardizing their principal investment. American Capital Holdings gives investors renewed faith in investing, the security of knowing that regardless of the outcome. "The Principal Investment is Insured" by an independent third party triple (AAA) rated United States Banking Institution Letter of Credit.

ETIPS - Energy Tax Incentive Preferred Securities
ACH has developed a proprietary investment program specifically designed for the exploration of oil and gas in the United States known as Energy Tax Incentive Preferred Securities ("ETIPS"). The "ETIPS" securities are designed to pass through oil and gas well tax investment drilling credits and depletion tax allowances directly to the investors. Usually, the cost of the oil and gas well investment is written off over a three (3) year period.

ETICS - Equipment Tax Incentive Convertible Securites
ETICS(TM) products are investment structures designed to facilitate the use of energy and depreciation tax incentives while insuring the capital investment through guarantees of principal.