London & Pacific Healthcare CEO Announces Expanded Vision for Company
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Strategic Acquisitions and Expanded Service Capabilities Are Expected
EL SEGUNDO, Calif.--(Business Wire)--
LONDON & PACIFIC HEALTHCARE, INC. (PINK SHEETS: LDPH) (FRANKFURT: EGU) ("London
& Pacific" or the "Company"), the international healthcare advisory specialist,
today announced that it intends to broaden its core healthcare advisory and
investment focus to include corporate finance, hospitality and other
strategically complementary sectors.
Chairman and CEO Stuart Bruck stated, "London & Pacific has advised healthcare
service firms internationally for over three years, participating in a variety
of profitable projects during that time. Our engagements and projects are often
paired with additional revenue opportunities that require non-healthcare related
expertise, such as a hospital expansion project coupled with real estate
development and/or leaseback financing.
"Although these projects require execution capabilities in a number of industry
sectors, most advisory firms are not qualified to manage such opportunities
because they lack experience in the overlapping industry specialties.
"We recognize that there are tremendous revenue-earning opportunities in
corporate finance and non-healthcare related advisory engagements that present
themselves to us because of our experience and relationships with senior
executives. To that end, London & Pacific is actively seeking to broaden its
service offering to capture a wider array of high-value transactions, increase
its revenues and profitability, and grow shareholder value.
"Expanding our service capabilities into complementary industries ensures our
clients a cost-effective and integrated solution to their overlapping industry
needs. In turn, our access to revenue-producing projects is greatly increased
due to our ability to service clients across multiple industries."
London & Pacific is considering several strategic acquisitions in complementary
industry sectors for a greater diversity of revenue streams, increased
profitability, and the various service capabilities the acquisitions would
necessarily contribute. The Company is currently involved in advanced
discussions with two entities regarding near-term acquisition of their
respective businesses.
London & Pacific expects both its revenues and profits to respond positively to
this new direction due to increased efficiencies in its current businesses, as
well as any acquisitions; shared use of facilities; current contracts that
require industry specialization outside of the healthcare realm into which
acquisitions can readily assume responsibilities; and the centralization of its
regulated corporate finance functions in the US, UK and worldwide.
Commenting further on the Company`s growth, Mr. Bruck stated, "I am pleased and
confident with this expanded approach. Our capability to evolve in response to
great market demand is testament to one of our company's greatest strengths: our
ability to create profitable, cost-effective solutions for company growth. This
service expansion should provide us with improved access to high-value projects.
It should also significantly broaden our client base and increase shareholder
value from diversified revenue streams and greater profits."
This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news release includes
certain forward-looking statements that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company. Although the Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.
Acadia Group, Inc.
Dana M. Smith, Investor Relations
801-816-2568
ir@acadiagrp.com
Copyright Business Wire 2009
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