Crusader Investments Files its Formal Libel Complaint Against World Health Alternatives, Inc. Seeking Compensatory Damages and Punitive Damages exceeding $20.0 Million.

NEW YORK -- Crusader Investments, LLC (the "Company") filed its formal libel complaint against World Health Alternatives, Inc. ("WHAI") last week in the U.S. District Court for the Eastern District of New York seeking an undetermined amount of compensatory damages and $20.0 million of punitive damages relating to WHAI's April 19, 2005 press release in which WHAI and Mr. Richard E. McDonald, Chairman and President of WHAI, made certain statements the Company maintains are false and libelous. In addition, the Company is also seeking to be compensated for its legal costs and other costs of pursuing this matter. The Company also reserves its rights to amend the complaint in the future to potentially add certain other individuals and/or companies based on further due diligence and analysis of the matter and parties involved. The Company intends to vigorously pursue this matter to the fullest extent in the Courts.

Crusader Investments, LLC, through its wholly-owned subsidiaries, is a boutique investment bank with offices in New York and Los Angeles. Through its extensive relationships with institutional and private investors, the Company provides its public and private clients access to attractive sources of capital through both private placements and public offerings. The Company also offers traditional investment banking advisory services including merger and acquisition advice. The Company's goal is to build enduring, long-term client relationships by providing professional, independent and strategically advantageous advice.