SOURCE: Harvard Learning Centers, Inc.

July 16, 2007 14:00 ET

Harvard Learning Centers Announces NASDAQ Approval of Dividend Issuances

BOCA RATON, FL--(Marketwire - July 16, 2007) - 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.

Contact Information

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