EXHIBIT 1 Sent via Facsimile ------------------ Mr. Eugene Woznicki Chairman of the Board of Directors Penn Treaty American Corp. 3440 Lehigh Street Allentown, PA 18103 October 29, 2007 Dear Mr. Woznicki: This letter is a follow-up to correspondence...Letter of Intent • October 29th, 2007 • Monarch Activist Partners LP • Accident & health insurance
This letter is a follow-up to correspondence dated June 8, 2007, between Monarch Activist Partners (Monarch) and the management and Board of Penn Treaty American Corp. ("PTA") regarding PTA's inability to file on a timely basis its Form 10-K for the year ended December 31, 2006. We notified the Board at that time that we would make our displeasure public if the situation was not rectified within a reasonable period of time.
