Published: July 16, 2007
Harvard Learning Centers Announces NASDAQ Approval of Dividend Issuances
The Board of Directors of Harvard Learning
Centers, Inc. (PINKSHEETS: HVLN) (the "Company") announced today that
NASDAQ has approved the issuances of its dividends for shareholders of
record on December 31, 2006 and June 15, 2007, both of which will be issued
in 7-10 business days.
Donald Platten, President of Harvard Learning Centers, Inc., stated, "We
apologize if any of our shareholders were confused as to when our dividends
would be issued. With both now approved, we can promptly issue them to our
shareholders. Also important, we can now accelerate our strategy of
acquiring companies with the intent of taking them public and issuing share
dividends in them to our shareholders, as a means of enhancing the return
to our shareholders. Over this year we have been rapidly developing a
portfolio of companies to exercise this strategy, and firmly believe that
we are well poised to capitalize on this strategy in the not-too-distant
future."
About The Harvard Learning Centers, Inc.
The Harvard Learning Centers, Inc. offers training programs for both the
mind and body of teenagers and young athletes. Its historic 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 expanded its line of test preparation materials with
those published by the Nova Press, including books, software and online
courses for the SAT, LSAT, GMAT, GRE and MCAT graduate level tests. These
materials allow the company 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. 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, combined with 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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