Broadview Institute Inc. (fka BVII)

[10 bagger]

BVII $2.65

Cross Post..

Posted by: hweb2 Date: Tuesday, June 29, 2010 1:41:52 PM
In reply to: None Post # of 126482

BVII.OB 10K out and it looks good, although not going to matter much on such a bloody market day. Fiscal Q4 earnings of .08/share vs .02/share prior year. Q4 revenues up 50%. Cash position increased to .61/share.

Outlook seems bullish. New campus opening in October. From the 10K:


The Company is in the process of rebranding itself for the purpose of future expansion both in campus locations as well as program and degree offerings. The following events related to this rebranding and expansion plan occurred subsequent to March 31, 2010:

• Effective April 26, 2010, Broadview University received approval for accreditation from the ACICS to award diplomas, Associate of Applied Science and Bachelor of Science degrees for multiple business and healthcare careers at our West Jordan, Layton and Orem campuses. Additionally, we received approval on May 5, 2010 to begin offering a Master of Science degree in management. Broadview University was formerly accredited by the Accrediting Commission of Career Schools and Colleges.

The change in accrediting bodies was a significant step in the Company’s overall growth plan for degree-level and geographic expansion, including a significant growth in online program offerings. ACICS is recognized by the Council for Higher Education Accreditation, which is a non-profit organization that, in addition to the U.S. Department of Education, serves as an authority on the quality of national, regional and specialized accrediting bodies.

Broadview University has submitted applications with ACICS for the addition of several new programs at our existing campuses for both residential and online delivery. The Company expects to receive ACICS approval of additional programs in time for Broadview University to enroll students for its academic quarter beginning October 2010.

• Effective May 19, 2010, C Square Educational Enterprises, Inc. changed its registered d/b/a with the State of Utah from Utah Career College to Broadview University. The Company selected the Broadview University name in anticipation of expansion outside of Utah and is in line with management’s intent to market all current and future locations and programs under a single brand name.

• Broadview University received final ACICS approval on May 21, 2010 to commence operations of a new branch campus in Salt Lake City, Utah. The Company anticipates operations for this campus to commence in October 2010. The Salt Lake City campus will offer many of the same courses already in place at the existing campuses, as well as many of the new programs currently in the application process, including arts and entertainment related programs.