(1)

Names of Reporting Persons

ARC Finance Group, LLC/
Tracey Hampton-Stein(a)

I.R.S. Identification Nos. of Above Persons (entities only)

Not Applicable

(2)

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

(3)

SEC use only

(4)

Citizenship or Place of Organization

ARC Finance Group, LLC -  Delaware

Tracey Hampton-Stein – United States

Number of Shares Beneficially Owned by Each Reporting Person With

(5)

Sole Voting Power

22,605,800 (a)

(6)

Shared Voting Power

0

(7)

Sole Dispositive Power

21,630,800 (a)

(8)

Shared Dispositive Power

0

(9)

Aggregate Amount Beneficially Owned by Each Reporting Person

22,605,800 (a)

(10)

Check if the Aggregate Amount in Row 9 Excludes Certain Shares

o

(11)

Percent of Class Represented by Amount in Row 9

58.5%

(12)

Type of Reporting Person

CO

Item 1(a)

Name of Issuer

Signalife, Inc.

Item 1(b)

Address of Issuer’s Principal Executive Offices

531 South Main Street, Suite 301
Greenville, South Carolina 29601

Item 2(a)

Name of Person Filing

ARC Finance Group, LLC
Tracey Hampton-Stein

This filing reflects shares directly held by ARC Finance Group LLC as discussed below in item (4)). Ms. Hampton-Stein is the controlling shareholder of ARC Finance Group LLC and, as such, the beneficial ownership of these shares are indirectly attributed to Ms. Hampton-Stein by reason of her control of ARC Finance Group, LLC, as set forth in the foregoing schedules.  

ARC Finance Group LLC and Ms. Hampton-Stein are jointly reporting the holdings of ARC Finance Group, LLC pursuant to Rule 13d-1(k)(1) by reason of such controlling interest.

Item 2(b)

Address of Principal Executive Offices or, if none, Residence

Trillium Towers Center

6320 Canoga Avenue, Suite 1500

Woodland Hills, CA  91367

Item 2(c)

Citizenship

ARC Finance Group, LLC is a Delaware limited liability company.  Ms. Hampton-Stein is a U.S. citizen.  

Item 2(d)

Title of Class of Securities

Common stock, par value $0.001 per share

Item 2(e)

CUSIP Number

82669P 10 4

Item 2(a)

Filing of statement pursuant to Rule 40.13d-1(b) or 240.13d-2(b) or (c)

Not Applicable

Item 3

Filing pursuant to Rule 240.13d-1(b) or 240.13d-2(b)

Not Applicable

Item 4

Ownership

(a)

Amount of securities beneficially owned:  See Row 9 of Cover Sheet

ARC Finance Group, LLC /Tracey Hampton-Stein

22,605,800 (a)

(a)

Reflects shares over which ARC Finance Group, LLC, has direct voting power and/or investment (disposition) power, which powers are also indirectly attributed to Ms. Hampton-Stein by reason of her control of ARC Finance Group, LLC, as set forth in the foregoing schedules.  

Included in the shares deemed beneficially held by ARC Finance Group are an aggregate of 975,000 shares held by two separate revocable blind trusts established by ARC Finance Group over which ARC Finance Group retains the power to vote the shares.  These trusts:

(1)   have the sole and exclusive power to manage and deal in such shares without the direction or knowledge of ARC Finance Group (including its officers, directors and members (owners)),

(2)   have the sole and exclusive discretionary power to sell (or to retain) such shares without the direction or knowledge of ARC Finance Group (including its officers, directors and members (owners)), and

(3)   have the sole and exclusive discretionary power to utilize the assets of the trust, or otherwise, to acquire the shares of any company including, with out limitation, the shares of the issuer without the direction or knowledge of ARC Finance Group (including its officers, directors and members (owners)) provided that the trustees are obligated to comply with all reporting obligations under the securities laws to the extent they acquire or reach certain thresholds under Sections 13 and 16 of the Act.  

While the trustees have periodic reporting requirements to ARC Finance Group under the blind trusts, ARC Finance Group, and its officers, directors and members (owners), otherwise have no knowledge of trust transactions in the issuer’s securities.  Because ARC Finance Group maintains voting control over the shares and the right to revoke the blind trusts, it retains beneficial control of the shares under the control of the blind trustees for purposes of reporting under Section 13 of the Act, and it is accordingly listed as the beneficial owner of such shares under this Schedule 13G.  

The aforesaid trusts were established by ARC Finance Group for two purposes.  The primary purpose was to provide enhanced protection for ARC Finance Group and its officers, directors and members (owners) from potential third-party insider trading claims under the federal securities laws by ensuring that the

reporting person and its officers, directors and members (owners) had no control or knowledge of selling or buying activities with respect to the sale, purchase, hypothecation or other transfer or disposition of the securities of the issuer.  This objective was particularly important given the registration for sale of shares by ARC Finance Group under an SB-2 resale registration statement filed by the issuer, although such power also extends to power of the trustee to sell or purchase other securities.  A secondary purpose was to facilitate estate planning objectives of the members (owners) of ARC Finance Group within the limitations afforded by the primary purpose.  The trusts were not established for the purpose of changing or influencing the control of the issuer in any manner other than that previously held by ARC Finance Group. While the effect of granting exclusive voting control to the trustees of the blind trusts could arguably be asserted to reduce the ability of ARC Finance Group to influence control over the issuer, the fact that ARC Finance Group otherwise retains majority control over the issuer through its continued holding of shares over which the voting trusts did not obtain voting or investment control, (a) mitigates this perceived effect and (b) thus provides ARC Finance Group with a salutary ability to achieve the objectives encouraged under applicable law, i.e., to both avoid the appearance of impropriety regarding control of buying and selling decisions of the issuer’s stock, as well as to concurrently establish estate planning approaches for the benefit of the members (owners) of ARC Finance Group and the immediate affiliates and family of such members (owners).

(b)

Percent of class:  See Row 11 of Cover Sheet

ARC Finance Group, LLC /Tracey Hampton-Stein

58.5%(a)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or direct the vote:  See Row 5 of Cover Sheet

ARC Finance Group, LLC /Tracey Hampton-Stein

22,605,800

(ii)

Shared power to vote or direct the vote:  None

None

(iii)

Sole power to dispose or to direct the disposition:  See Row 7 of Cover Sheet

ARC Finance Group, LLC /Tracey Hampton-Stein

21,630,800 (b)

(b)

Excludes the 975,000 shares held by two blind trusts established by ARC Finance Group since ARC Finance Group does not retain investment control (disposition control) over these shares.  See note (a) to Item 4(a) above.

(iv)

Shared power to dispose or to direct the disposition:  See Row 8 of Cover Sheet

None

Item 5

Ownership of Five Percent or Less of a Class

Not Applicable

Item 6

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8

Identification and Classification of Members of a Group

Not applicable.

Item 9

Notice of Dissolution of Group

Not applicable.

Item 10

Certifications

Not applicable.

Dated:

February 14, 2006

ARC Finance Group, LLC

/s/

Tracey Hampton-Stein

Tracey Hampton-Stein, Manager

Tracey Hampton-Stein

/s/

Tracey Hampton-Stein

Tracey Hampton-Stein