


LP Funding Enters Exclusive Agreement With Southeast Asian Firm Bonifacio and Company
December 13, 2011 13:51 ET
LP Funding Enters Exclusive Agreement With Southeast Asian Firm Bonifacio and Company
SAN FRANCISCO, CA--(Marketwire - Dec 13, 2011) - LP Funding and Southeast Asia's Bonifacio & Company proudly announce an exclusive partnership in the Philippines. The two firms have decided to extend their 7-year relationship into an agreement covering all of the Philippines.
Bonifacio & Company's long-standing Hong Kong and Manila based marketing and consulting company has provided both domestic and international client assistance for over 10 years, including some of LP Funding's past portfolio companies. Since its founding, Bonifacio & Company has completed multi-million dollar transactions that linked U.S. investment banking firms to local, European and other Asian and American small and medium sized enterprises.
"Due to recent political developments in the Philippines and the current climate of cross border investment, the USA is favoring South East Asia to Russia, China or India. This environment has created a strong interest from U.S. capital markets to list Filipino issuers in the U.S.A. Our meetings this year with the NYSE, NYSE/AMEX and Nasdaq stock exchanges and major depository banks, such as Deutsche Bank and Bank of New York Mellon, have also directly communicated to LP Funding a strong desire for investment into the Philippines via U.S. exchange listing," stated William Luckman, principal of LP Funding, from his New York office.
The agreement was reached last week when Mr. Luckman visited Manila. The agreement makes Bonifacio & Company LP Funding's sole and exclusive provider of investment opportunities in the Philippines. Filipino companies looking to use LP Funding as their strategic investor and bridge to a New York or Nasdaq listing would need to be introduced through Bonifacio & Company.
"Bonifacio & Company has pioneered reverse mergers in the Philippines and we are very impressed with what Mr. Bonifacio has accomplished in the Philippines and we are excited to take it to the next level," continued Mr. Luckman.
"It has been my goal to bring the Philippines to the New York Stock Exchange. Our team has worked hard over the past 7 years to gain the attention of New York investment banking firms and it has finally come to pass," says chairman Nestor Bonifacio, Jr.
LP Funding has most recently completed a succession of U.S. exchange listed companies from China, including China XD Plastics (