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