Sep 21 2009
LONDON & PACIFIC HEALTHCARE, INC. (PINK SHEETS:LDPH) (FRANKFURT:EGU) Executive Chairman, Stuart Bruck, issues open letter to shareholders.
Dear Shareholders:
Throughout this past year, the Board of Directors, in conjunction with the management team, key investors, business partners, employees, and experienced market consultants, has explored a variety of alternatives for significantly increasing shareholder value. We have analyzed, at length, industry trends, market needs, revenue opportunities, and our own internal processes. The result of these conversations and extensive research was a Board-wide understanding: we must branch out into additional industries in order to capture additional profits to optimize shareholder value.
Through our recent acquisition of Acadia Group Advisors, and our partnership with Harrell Hospitality Group, we have entered into two new market segments: (1) financial services, and (2) hospitality. We have also decided to change our company name to London Pacific & Partners, Inc. to reflect the broadening of our focus to these two additional business sectors. This name change will occur shortly. We are continuing to examine additional cash-generative partnership possibilities for entry into additional, complementary market segments, as we believe it is in the best interest of the company and our shareholders to explore all intelligent ways in which to increase our profits and, thereby, our value to you.
Our short term and long term goals involve several strategic options for increasing shareholder value. A primary focus for us in the short term is our share price. We firmly believe that our stock price today is grossly undervalued. In response, we are in the process of developing an internal investor/ media relations program, with the objectives of increasing our visibility amongst long-term, loyal investors and introducing the Company to new investors. We are also redesigning our website to be more informative to current and potential investors, and congruent with our recently expanded operations. The new website will be available soon.
Last week, we hired a fund raiser to obtain the necessary capital to file our Form 10, so that we may start trading on a higher exchange platform, such as AMEX or NASDAQ. We have already begun the internal process of gathering the historical financial data so that when the funds are successfully raised, we are prepared to promptly file our Form 10.
In the long term, we intend to continue to deliver profitable results, albeit on a greater scale due to our recent accretive acquisitions and potential future partnerships. We believe we serve our shareholders best by reinvesting our earnings into our business to maximize our growth; we will continue to do this. We are intently focused on growing our business, and will continue to strive to increase shareholder value through significant, profitable transactions.
With warmest regards,
Stuart Bruck
Executive Chairman
London& Pacific Healthcare, Inc.
Source:
LONDON & PACIFIC HEALTHCARE, INC.