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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (694)	6/22/1999 9:41:00 PM
From: xcr600	Respond to of 737

Looks like I am the only one left... The co is trying to get it right! Here's a press release from today. Nice to see them trying to get the word out. x biz.yahoo.com Tuesday June 22, 1:01 pm Eastern Time Company Press Release SOURCE: London Pacific Group Limited London Pacific Group Limited: Investment Holding Announces Initial Public Offering LONDON, June 22 /PRNewswire/ -- London Pacific Group Limited (Nasdaq: LPGL - news) is pleased to announce the following concerning Ramp Networks, Inc. (''Ramp'') an investment held by its subsidiary, London Pacific Life & Annuity Company (''LPLA''): Ramp Networks, Inc. (Nasdaq: RAMP - news) announced yesterday (21st June 1999) its initial public offering of 4,000,000 shares of Common Stock. The initial public offering is being managed by an underwriting group consisting of BancBoston Robertson Stephens (http://www.rsco.com/), Dain Rauscher Wessels (http://www.dainrauscherwessels.com/) and Hambrecht & Quist (http://www.hamquist.com/). The underwriters have an option to purchase up to 600,000 additional shares from Ramp Networks to cover over-allotments, if any. Copies of the prospectus relating to the offering can be obtained by contacting one of the underwriters. Ramp Networks is a leading provider of shared Internet access solutions for the small office market. Ramp's WebRamp product family allows multiple users in a small office to share the same Internet connection simultaneously while optimizing each user's access speed. The WebRamp product family is a flexible and scalable platform that provides software-based routing and bridging functionality to deliver Internet-enabled applications and services. The company's products support existing analog phone lines, as well as integrated services digital networks (ISDN) and emerging access technologies such as digital subscriber lines (DSL) and cable modems. Ramp's Connection Optimized Link Technology (COLT) software enables multiple users to access the Internet simultaneously through regular phone lines and analog modems at up the three times the access speed of a single analog connection. Ramp plans to use the IPO proceeds to support further expenditures for sales and marketing and research and development. Some of the money may also be used for capital expenditure and acquisitions. LPLA owns 7.6% of Ramp Networks post IPO. Details of the above registration filing may also be found on the SEC website for EDGAR filings www.sec.gov. R. W. Green Company Secretary For additional information contact Ian Whitehead, Chief Financial Officer, telephone number: 916-641-4220 in the United States, or visit our venture capital website at www.berkeleyvc.com. SOURCE: London Pacific Group Limited