PRESS RELEASE – FOR IMMEDIATE RELEASE
Harvard Learning Centers’ Shareholders Approve the Expansion of Its Board of Directors and Change in Its Chairman and President
Boca Raton, FL– July 18, 2007 – 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.
Contact:
Harvard Learning Centers, Inc.
Press Relations
Phone: 561-962-4197 / Fax: 561-962-4252
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