FinancialContent is the trusted provider of stock market information to the media industry.
The Americas Learning Centers, Inc. Announces Spin-Off of ASAP Athletics, Inc.

BOCA RATON, FL -- (MARKET WIRE) -- 06/04/08 -- The Americas Learning Centers, Inc. (the "Company"), (PINKSHEETS: ALRN) today announced that its Board of Directors has approved a plan to spin-off its subsidiary, ASAP Athletics, Inc., ("ASAP") Boca Raton, Florida, by August 31, 2008. ALRN shareholders of record on the date of completion of the spin-off, which is to be announced, will receive shares of common stock in ASAP as a dividend. Following completion of the spin-off, ASAP Athletics will be a private, independent company. The formula for the number of shares to be issued as a dividend will be announced prior to August 1.

About The Americas Learning Centers, Inc.

The Americas Learning Centers, Inc. offers training programs for both the mind and body of teenagers and young adults. Historically it has offered SAT-ACT test preparation for high school students and earlier this year expanded into test preparation books, software and online courses for the SAT, LSAT, GMAT, GRE and the MCAT graduate level tests.

Last year, the Company entered the Youth Sports Training Market with the acquisition of BSA Athletics, Inc., and ASAP Athletics, Inc., both of Boca Raton. In addition, ASAP Athletics in September '07 introduced a proprietary "gym-on-wheels" for the remote training of athletes in team and league sports in order to improve each athlete's speed, agility and strength.

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:
The Americas Learning Centers, Inc.
Press Relations
Phone: 561-962-4030
Fax: 561-962-4252

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More