Published: July 09, 2007
Harvard Learning Centers Announces July 10th Change in Name, and Application to NASDAQ for Change in Stock Symbol and CUSIP Number
The Board of Directors of Harvard Learning
Centers, Inc. (PINKSHEETS: HVLN) (the "Company") announced today that it
had voted to change its name, effective July 10, 2007, to "American
Learning Centers, Inc." per an agreement reached with Harvard University,
Cambridge, Massachusetts, which resolves a perceptual issue of implied
affiliation. In connection with the name change, the Company has applied
to NASDAQ for a new stock symbol and CUSIP number effective on the same
date.
About The Harvard Learning Centers, Inc.
The Harvard Learning Centers, Inc. offers training programs for both the
mind and body of teenagers and young adults. Its core business has been to
offer SAT-ACT test preparation for high school students
(www.sat-act-prep.com), including classroom, online courses and private
tutoring. It recently added test preparation materials published by the
Nova Press, including books, software and online courses for the SAT, LSAT,
GMAT, GRE and MCAT graduate-level tests, all of which are co-branded, in
order to greatly expand its product line, while allowing it to enter new
national markets in higher education.
Earlier this year, the Company expanded into the Youth Sports Training
Market with the acquisition of BSA Athletics, Inc., and ASAP Athletics,
Inc., both of Boca Raton, Florida. In conjunction with these acquisitions,
it also announced that it would open a private men's fitness and wellness
center, "The Men's Room" for adult men, offering nutritional guidance,
weight control management, a massage room, a hair salon, and a work out
facility.
Safe Harbor Statement
Certain statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate, or imply
future results, performance or achievements, and may contain the words
"estimate," "project," "intend," "forecast," "anticipate," "plan,"
"planning," "expect," "believe," "will likely," "should," "could," "would,"
"may" or words or expressions of similar meaning. Such statements are not
guarantees of future performance and are subject to risks and uncertainties
that could cause the company's actual results and financial position to
differ materially from those included within the forward-looking
statements. Forward-looking statements involve risks and uncertainties,
including those relating to the Company's ability to grow its business.
Actual results may differ materially from the results predicted and
reported results should not be considered as an indication of future
performance. The potential risks and uncertainties include, among others,
the Company's limited operating history, the limited financial resources,
domestic or global economic conditions -- activities of competitors and the
presence of new or additional competition and conditions of equity markets.
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