Imperial Pacific (IPC)

Imperial Pacific (IPC) Formerly known as Belmont Holdings is an Australia-based company. The Company focuses on maintaining a group of entities, which provide services to the financial sector. During the fiscal year ended June 30, 2010, its business activities were portfolio management of London City Equities Limited and monitoring of its investments in MainstreamBPO Pty Limited. The 28.5% owned London City Equities owns 8.0% of South Australian Company Penrice Soda Holdings Limited. Belmont is a chemical and quarry operator, which also holds equity and convertible loan notes (approximately 20% interest) in MainstreamBPO Pty Limited, a business process outsourcing company. Belmont is involved in the resources sector of its subsidiary, Imperial Pacific Resources Pty Limited. The Company operates in two business segments: Investment and Financial Services. Belmont's subsidiary, Imperial Pacific Asset Management, manages the portfolio of London City Equities, through its Australian Financial Services license.