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Friday, August 24, 2007 3:23:31 PM
I was just informed by rooterjack that HVLN has been purchased by CPKL and a promotion for CPKL ( .09 )is starting after Labor day. Has anyone heard of this buyout?
January 11, 2007 - 1:26 PM EST
Harvard Learning Centers, Inc. Announces Letter of Intent
Harvard Learning Centers, Inc. (PINKSHEETS: HVLN) ("HLC") announces today that it has signed a letter of intent to be acquired by Cirilium Holdings, Inc. (the "Company"). The Company is a Florida corporation trading on the NASDAQ Pink Sheets (PINKSHEETS: CIRU). Historically, the Company was in the telephony voice over IP business but has recently acted as the holding company for development stage businesses which could benefit from the management services of the Company.
We anticipate closing the transaction before the end of the month. This will give us time to complete our full due diligence before finalizing the transaction. Upon completion of the transaction, HLC will become a fully owned subsidiary of the Company. The HLC shareholders will receive one share of the Company's stock for each share of HLC stock currently held by such shareholder. We are particularly enthusiastic about this transaction because HLC will enjoy the benefits of being a member of the Cirilium family while maintaining its separate focus and identity. Because the Company will not interfere with the management and direction of HLC, HLC will continue to control its own destiny. The only distinction is that HLC will be a Cirilium company and the HLC shareholders will receive stock of the Company in exchange for their HLC shares.
Mr. Platten, CEO of Harvard Learning Centers, states, "We believe that this transaction will benefit both HLC and the Company. Our primary motivation has always been the well-being of our shareholders. This is why, as per our prior announcement, the share-for share dividend for owners of shares of HLC as of December 31, 2006 will be honored. We are thus particularly enthusiastic about the exchange of the HLC shares for shares of Cirilium Holdings, Inc. because, after the proposed transaction, the HLC shareholders will be the principal shareholders of the Company."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Source: Market Wire (January 11, 2007 - 1:26 PM EST)
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