SOURCE: London & Pacific Healthcare, Inc.

June 24, 2008 08:00 ET

Healthcare Specialist Broadens Scope and Reach With Acquisition of Mumbai-Based Company and Formation of Ventures Firm; Re-Launches Website

EL SEGUNDO, CA--(Marketwire - June 24, 2008) - London & Pacific Healthcare, Inc. (PINKSHEETS: LDPH) and (FRANKFURT: EGU) ("London & Pacific," the "Company"), the healthcare development specialist company, today announced the acquisition of Mumbai-based YEN Healthcare Advisors Pvt. Ltd. ("YEN Healthcare") for an aggregate consideration of one million common shares of the Company, a further one million shares subject to an earn out formula and an earn in provision for management. YEN Healthcare brings to London & Pacific important corporate finance expertise in the Indian market, one of the largest and fastest-growing major economies in the world. The YEN Healthcare team is comprised of five strong strategic advisors and a world-class India-based Advisory Board, chaired by Deb Bhadury, a prominent international business professional. The Managing Director and CEO of YEN Healthcare is Sunil Shirole, a career corporate finance professional with over 20 years of experience managing financial and strategic relationships with major pharmaceutical companies, internationally.

In addition, the Company announced the formation of London & Pacific Healthcare Ventures, LLC. This arm of the Company will specialize in the development and operation of high growth healthcare service businesses. The CEO of this subsidiary of London & Pacific will be Michael S. Sinel, M.D., who for the last year has been Medical Advisor to London & Pacific. The first business in this new division is Ambulatory Surgical Group, LLC ("ASG"), a manager of ambulatory surgery centers. The Chairman and CEO of ASG is John R. Seitz, a seasoned healthcare entrepreneur and operator.

These two additions to the London & Pacific family will be described in the revised London & Pacific website: www.lphealthcare.com, which will be re-launched today.

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 website: www.lphealthcare.com.

Safe Harbor Disclaimer: This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

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