SOURCE: Apheleon, LLC

February 08, 2010 15:30 ET

Saudi Apheleon Acquires Education Experts Office

RIYADH, KINGDOM OF SAUDI ARABIA--(Marketwire - February 8, 2010) - Saudi Apheleon announced today that it has acquired all the business, assets and operations of the Education Experts Office.

As a result of this acquisition, Saudi Apheleon will now serve as a liaison between academic institutions throughout the world and students originating from the Kingdom of Saudi Arabia. Saudi Apheleon will maintain correspondence and coordinate student activities with the institutions at which they matriculate.

"We are excited about this acquisition," said Ahmed Al-Rajhi, General Manager of Saudi Apheleon. "There are more than more than 70,000 students from the Kingdom of Saudi Arabia studying at foreign academic institutions. Now Saudi Apheleon will coordinate much of the communication processes amongst the students and these academic institutions, improving the experience for all involved."

He further noted that Saudi Apheleon's partner organization, Apheleon LLC, will be responsible for managing and coordinating the process for all academic institutions in North America. Apheleon LLC will also evaluate academic institutions and programs throughout the United States on behalf of prospective Saudi students.

"We are gratified that Saudi Apheleon has turned to us to assist them in this matter," noted Seth Elliott, a partner at Apheleon. "We are honored to assist the Kingdom of Saudi Arabia and its students as they continue their academic careers."

Apheleon is a broad based consultancy providing business advisory, capital markets, distribution, joint venture formation and risk and recovery services to a diverse global client base. Apheleon also advises companies seeking to transact business in the Kingdom of Saudi Arabia. Apheleon has offices in Ft. Lauderdale, Florida; London, England; and Riyadh, Saudi Arabia. For more information, please visit the firm's website at www.apheleon.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.

Contact Information

  • Contact:

    Apheleon USA
    Seth Elliott, Partner
    Apheleon, LLC
    401 E. Las Olas Blvd.
    Suite 1400
    Ft. Lauderdale, FL 33301
    USA
    +19543695710
    selliott@apheleon.com

    Saudi Apheleon
    Eng. Ahmed Al-Rajhi, General Manager
    Saudi Apheleon
    PO Box 33532
    Riyadh 11458
    Kingdom of Saudi Arabia
    +96614069229
    ahmed.al-rajhi@apheleon.com