To: Patherzen who wrote (4 ) 4/12/1999 11:53:00 PM From: Patherzen Read Replies (1) | Respond to of 737
BICC a subsidiary of LPGLY..assets exceeding 3.5 billion... Based in San Francisco, Berkeley International Capital Corporation (BICC) arranges private placement investments into rapidly growing technology and medical companies. Our investments range from $1 million to $50 million in size. We are a wholly-owned subsidiary of London Pacific Group Limited (London Pacific), a diversified international financial services firm with total assets under management exceeding $3.5 billion. We search for investment opportunities that offer the potential for significant capital appreciation. Our investments typically serve as development capital for later-stage companies that are profitable or within six months of achieving profitability. Development capital is provided to companies that have existing products, marketing and sales strategies, and need additional capital to scale up manufacturing efforts and complete the development of follow-on products. Companies at this stage will typically be in a position to achieve an IPO or sale to another company within a reasonably short period of time. With this strategy, we have been able to identify many promising young technology and medical companies that have grown to prominence in their fields and have gone on to successful public offerings or acquisition transactions. Since our inception, we have placed over $1.5 billion in both equity and debt for U.S. companies making us one of the major sources of later-stage private capital. Once committed to an investment, we are able to complete the transaction quickly, and have achieved a formidable performance record in this respect. The substantial capital base of London Pacific Life & Annuity Company, our sister company, enables us to complete transactions in as little as two weeks following the initial commitment, allowing company officers to focus on normal business activities. Broad Range of Services Our large number of past and present investee companies (many of which are now successful public companies) and London Pacific's substantial capital base allow us to provide these companies with a broader range of services, including securities underwriting and market making. Berkeley International Securities Corporation (BISC), a wholly owned broker/dealer of London Pacific, intends to lead these efforts on our behalf. Today many of the private technology companies typically financed by us are going public at an earlier stage and, as a result, today's typical financing candidate is sometimes public. For this reason, our private equity efforts now include private equity placements into public companies, which we refer to as "Private Public Offerings". In these situations we, in effect, do a public offering as a private placement and build a following for the stock and greater liquidity over the ensuing months. We also provide research coverage.