Strategic Acquisitions and Expanded Service Capabilities Are Expected
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