College Partnership Board (fka CGPA)

[americano]

College Partnership and Acentus Merge
Dec 11, 2006 9:00:00 AM
2006 PrimeNewswire, Inc.

LAKEWOOD, Colo., Dec. 11, 2006 (PRIME NEWSWIRE) -- College Partnership, Inc. (Pink Sheets:CGPA) announced today that it has entered into an Equity Exchange Agreement with Acentus Consulting Group, LLC., Smith and Merritt Institute, LLC. and Modius Financial, LLC. (collectively, "Acentus") in exchange for approximately $10,000,000 in College Partnership, Inc. Convertible Preferred securities.

Acentus provides an educational financial product, "Abundance - Spending Your Way to Wealth," and other educational financial services. The merger will include Acentus' intellectual property, call centers and a financial coaching facility. Acentus has over 150 employees and operates call centers in Phoenix, Arizona and Salt Lake City, Utah. Acentus' coaching service comprises financial planning experts in Ontario, California. Gross revenues for Acentus were approximately $16,000,000 (unaudited) for the six months ended June 30, 2006. Combined annual gross revenues for College Partnership, Inc. and Acentus are approximately $20,000,000 (unaudited) for the period ending July 31, 2006. Closing of the transaction is expected to occur on or before December 30, 2006.