Published:
Harvard Learning Centers' Shareholders Approve the Expansion of Its Board of Directors and Change in Its Chairman and President
Harvard Learning Centers, Inc. (PINKSHEETS: HVLN) (the "Company") announced today that at its Shareholders' Meeting,
July 17, 2007, (the "Meeting"), its shareholders voted to appoint an
expanded Board of Directors to assist the Company as it aggressively
pursues its expanded strategy. In addition, since Donald Platten, Chairman
and President, announced at the Meeting that he had decided to relinquish
all Company responsibilities, the shareholders approved a change in the
Company's President, who was subsequently also named the new Chairman of
the Board.
The new members of the Board of Directors are Carl Campanelli, Tavarius
"T.J." Jackson, President of ASAP Athletics, Inc., Ted Landau, Marie
Waddell and Peter Cooney. Mr. Campanelli will also serve as Chairman of the
Board of Directors and President of the Company.
Carl Campanelli, the new Chairman and President, said after the Meeting,
"Expanding and realigning the Board of Directors will allow us to have the
best possible counsel as we pursue this new direction while maintaining and
growing our historic business. We believe that the Men's Room, ASAP
Athletics and our other youth-focused sports and fitness subsidiary, BSA
Athletics, present immense revenue growth opportunities on which we can
capitalize -- locally, regionally and nationally."
He added, "All of us who have been involved with the Company are indebted
to Donald Platten for his considerable contribution and for his insightful
guidance. We will miss his daily involvement, but are committed to execute
his vision because we believe that his foresight of what the Company can
become is right."
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 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 added co-branded test preparation materials from Nova
Press, including books, software and online courses for the SAT, LSAT,
GMAT, GRE and MCAT graduate level tests. This greatly expanded product line
allows it to enter new national higher education markets.
Earlier this year, the Company entered 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
opened a private adult men's fitness and wellness center, "The Men's Room,"
offering nutritional guidance, weight control management, a massage room, a
hair salon, and a state-of-the-art workout 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.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Education and Training:EducationAidsandProducts, EducationandTraining:SchoolsandCourses, EducationandTraining:Training, Retail:E-Commerce, ,INTHPINK,INTHPINK,FL,BOCA RATON, FL
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