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LDPP - London Pacific & Partners Reports Strong Q3 2009 Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--LONDON PACIFIC & PARTNERS, INC. (PINK SHEETS: LDPP - News) (FRANKFURT: EGU - News) (“London Pacific” or the “Company”), the international investment and management advisor, announced on Friday, November 13, its results for the third quarter ended September 30, 2009. Net revenue for the third quarter was $789,865 and pre-tax profit was $225,147. This compares to net revenue of $548,972 and pre-tax profit of $146,876 in the third quarter ended September 30, 2008, representing year-on-year increases of 44% in net revenue and 53% in pre-tax profit for the quarter.

London Pacific recently announced it had successfully changed its name to London Pacific & Partners, Inc. (formerly known as London & Pacific Healthcare, Inc.) and is now trading on the Pink Sheets under its new symbol “LDPP.” The Company also previously announced two key deals: the acquisition of Acadia Group Advisors, an international corporate financier and private equity advisor, and the strategic profit-sharing agreement with Harrell Hospitality Group, a hotel management and investment firm, in which the Company also acquired an exclusive option to purchase Harrell Hospitality within the next four years. These two deals are expected to provide London Pacific with valuable access to high-value transactions and management opportunities in the Corporate Finance and Hospitality sectors, worldwide.

Commenting on the third quarter results, Stuart Bruck, Executive Chairman of London Pacific, said, “I am very pleased with the growth and profitability of our expanding businesses, that now include hospitality and financial services which effectively complements our existing business lines in healthcare and investment banking. With our new company name, increased industry management expertise and addition of seasoned personnel, London Pacific & Partners looks forward to completing a profitable pipeline of material transactions in the months ahead. We anticipate announcing significant milestones in the very near future.”

About London Pacific & Partners, Inc.:

With offices in Los Angeles, Salt Lake City, London and Mumbai, London Pacific & Partners, Inc. is an international private equity and corporate finance investor and advisor focused on the transformation of undervalued and growth companies in the healthcare, hospitality, and financial services sectors. The Company’s website address is www.londonpacificgroup.com.

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.



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Acadia Group, Inc.Investor RelationsDana M. [e-mail] Buzz up! 0 SendSharePrint

http://finance.yahoo.com/news/London-Pacific-amp-Partners-bw-2154765357.html?x=0&.v=1

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