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Eligo Systems, Inc. Signs Agreement for Business Development Services With London &Amp; Pacific Healthcare

Posted on: Monday, 16 July 2007, 09:13 CDT

London & Pacific Healthcare, Inc. (PINKSHEETS: LDPH) and (FRANKFURT: EGU) ("London & Pacific," the "Company"), a corporate finance and development company, today announced a signed agreement with Eligo Systems, Inc. ("Eligo") to provide financial advisory services and business development strategies.

Eligo, based in Cary, NC, provides a screening system, which identifies sources of healthcare financial assistance for uninsured individuals. According to published studies, over 40% of all emergency services patients thought to be uninsured are in fact eligible for existing financial assistance programs. By identifying these individuals, hospitals and other healthcare providers have reduced their financial burden of uncompensated care, facilitated the re-direction of care seeking to community-based centers, and reduced waiting time in emergency rooms.

Under the terms of the agreement, the Company will assist Eligo with strategic and financial advisory activities that include identifying and securing potential merger and acquisition prospects; in addition to business development efforts that result in revenue generation, licensing agreements and/or strategic partnerships.

According to Stuart Bruck, Executive Chairman of London & Pacific, "We are extremely impressed with the quality of Eligo's screening software and their commitment to a high success rate of identifying and procuring financial assistance for uninsured healthcare recipients."

About London & Pacific Healthcare, Inc.

London & Pacific Healthcare, Inc., with offices in Los Angeles and London, operates three synergistic operating divisions that capitalize on emerging growth opportunities in the global healthcare industry. City & Westminster Advisers Limited provides comprehensive strategic and financial advisory services to healthcare companies and organizations. HealthSPAC LLC, is a financial sponsor and incubator for Special Purpose Acquisition Companies (SPACs) in healthcare. Healthcare Fund Advisors LLC, provides specialized buy-side sourcing and analysis services to clients investing in the global healthcare sector. For additional information, please visit the corporate website at www.lphealthcare.com.

Safe Harbour Disclaimer: This press release contains "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.

 Contact  London & Pacific Healthcare, Inc. Michael K. Low 310-531-8226 mlow@lphealthcare.com  Investor Relations Kaiden Daniel IR Dennis Wilson 704-948-5348 dennis@kaidendaniel.com

SOURCE: London & Pacific Healthcare, Inc.

Source: MARKET WIRE

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