SOURCE: Harvard Learning Centers, Inc.

July 09, 2007 12:00 ET

Harvard Learning Centers Announces July 10th Change in Name, and Application to NASDAQ for Change in Stock Symbol and CUSIP Number

BOCA RATON, FL--(Marketwire - July 9, 2007) - 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.

Contact Information

  • Contact:
    Harvard Learning Centers, Inc.
    Press Relations
    Phone: 561-962-4197
    Fax: 561-962-4252