$CEHC As of May 13/2013 >>> Cephas Acquires Assets of Executive Education Company
Cephas Holding Corp (PINKSHEETS: CEHC) today announced that it has signed a definitive agreement to acquire the assets of Global Leadership Institute (www.gli360.com), an existing executive education company.
Global Leadership South Africa, LLC has been operating executive education and training programs in South Africa in conjunction with Stanford University since 2010.
Global Leadership plans to offer 24 programs in South Africa in 2013-2014. Moreover, demand for GLI courses looks promising for other countries. The company is exploring opportunities in Ghana, Mauritius, Kenya and Tanzania in the next 12 to 18 months.
The market for these types of programs in South Africa alone is estimated to be $500 million annually.
GLI programs are held in conjunction with leading local universities and staffed by American and European academics.
GLI is led by Mr. David Altman who has been a senior advisor to the Business Council for International Understanding for ten years. His activities include establishing relationships with senior public and private sector leaders to develop trade and media outreach missions and joint programs focused on job creation through entrepreneurship. Mr. Altman was the Executive Director of the US Export Council, an initiative established in 1993 during the Clinton Administration in cooperation with the US Department of Commerce to facilitate trade between the US, Southern Africa and The Middle East.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including statements about the acquisition of certain assets of Global Leadership South Africa, LLC by Cephas Holdings Inc. The forward-looking statements are subject to risks and uncertainties. Readers should not place undue reliance on the forward-looking statements. Cephas does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. In addition, any forward looking statements regarding forward expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: whether Cephas can successfully execute its operating plan; its ability to integrate acquired companies; its ability to retain key employees; risks associated with operating internationally, general market conditions. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
