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London & Pacific Healthcare, Inc. Reports Strong FY2008 Results with Positive 2009 Outlook
Thursday, February 12, 2009 7:09 AM


LONDON & PACIFIC HEALTHCARE, INC. (Pink Sheets: LDPH) (Frankfurt: EGU) (“London & Pacific” or the “Company”), the international healthcare development specialist, today reported its full-year 2008 results, highlighted by a 1,409% increase in its 2008 operating profit to $544,222, compared to $36,065 for 2007, and significant advances in the Company’s strategic, operational, and financial advisory services to the healthcare sector.

London & Pacific Executive Chairman Stuart Bruck said that in 2008 the Company made tangible, measurable progress in moving the Company forward, noting, “Net revenues grew by 446% to $1,257,216 during the year ended December 31, 2008, led by a solid performance from London & Pacific Advisory Services and London & Pacific Capital Advisors, LLC, which both had a considerable number of successful engagements during 2008.”

Mr. Bruck added that London & Pacific was pleased to have met or exceeded all of its financial targets for 2008. The Company completed its acquisition of London & Pacific Capital Advisors, a member of FINRA and a licensed broker-dealer to the healthcare sector, consistently displayed strong cost management, and improved its operating margins from full-year 2007.

“Our 2008 results are strong evidence of the quality of our business model and the validity of our strategic choices,” continued Mr. Bruck. “We recognize that the economic environment has changed over the last year; however, we have many exciting opportunities for growth and profitability in the current healthcare landscape. For 2009, we will continue to focus on strengthening the company and building shareholder value.”

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.

About London & Pacific Healthcare, Inc.:

With offices in Los Angeles, London and Mumbai, London & Pacific Healthcare, Inc. is a specialist in the development and management of healthcare companies and organizations, worldwide. The Company’s website address is www.lphealthcare.com.

Acadia Group, Inc.
Investor Relations
Dana M. Smith, 801-816-2568
ir@acadiagrp.com

(Source: Business Wire )


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