Greenwood Hall Discusses Acquisition Growth Strategy
March 27 2015 - 8:00AM
Business Wire
Greenwood Hall Inc. (OTCQB: ELRN), a provider of
technology-enabled student lifecycle management services that help
colleges and universities increase revenue and improve student
engagement and outcomes, says it is looking for potential
acquisition targets as a means to enhance the company’s growth.
“We believe there are strategic acquisition opportunities for
Greenwood Hall in the marketplace, and we are exploring this avenue
as a means to accelerate the company’s growth,” said John Hall,
Ed.D., Chairman and CEO of Greenwood Hall.
According to Hall, acquisition opportunities in the education
space could include larger firms struggling with legacy issues,
perhaps in the education publishing space, as well as smaller
venture capital-backed education technology firms that lack
relationships and struggle with product distribution. Greenwood
Hall can attract acquisition candidates, says Hall, because it is
already well established and can “open doors” for such companies.
In addition, the company has a goal of being uplisted to the Nasdaq
stock exchange, and achievement of this goal could further
encourage potential targets to consider joining with Greenwood
Hall.
Greenwood Hall has engaged Berenson & Co., a financial
advisory firm with specialized expertise in the education space, to
assist in identifying targets, says Hall.
Forward Looking Statements
Certain statements contained in this document, including, but
not limited to, predictions and projections that may be considered
forward-looking statements under securities law, involve a number
of risks and uncertainties that could cause actual results to
differ materially, including, but not limited to, lack of consumer
acceptance and demand for Greenwood Hall (“the Company”, “our”,
“we”) products and solution offerings developed with strategic
partners, insufficient working capital to expand the Company’s
technology and engage in product marketing, intense competition
from larger and more well-established companies, and other
economic, competitive and technological factors involving the
Company’s operations, markets, services, products and prices, and
other factors, as described in “Risk Factors” in our Annual Report
on Form 10-K filed with the Securities and Exchange Commission
(“SEC”), as well as in our other filings with the SEC. In addition,
actual results may differ as a result of additional risks and
uncertainties of which we are currently unaware or which we do not
currently view as material to our business. For these reasons,
investors are cautioned not to place undue reliance on any
forward-looking statements. The forward-looking statements we make
speak only as of the date on which they are made. Greenwood Hall
expressly disclaims any intent or obligation to update any
forward-looking statements after the date hereof to conform such
statements to actual results or to changes in our opinions or
expectations, except as required by applicable law. If we do update
or correct any forward-looking statements, investors should not
conclude that we will make additional updates or corrections.
About Greenwood Hall
Greenwood Hall is a provider of technology-enabled student
lifecycle management services that help colleges and universities
increase revenue and improve student engagement and outcomes. Since
2006, Greenwood Hall has developed customized turnkey solutions
that combine strategy, people, proven processes and robust
technology, to help schools effectively and efficiently improve
student outcomes, as well as increase revenues and expand into new
marketing channels, such as online learning. Greenwood Hall has
served more than 40 education clients and over 70 degree
programs.
For more information, visit http://www.greenwoodhall.com, follow
us on Twitter @GreenwoodHall and Facebook at
http://www.facebook.com/GreenwoodandHall.
Media and Investor Relations:Financial Profiles, Inc.David
Bigelow/Beth
Sackovich310-478-2700dbigelow@finprofiles.combsackovich@finprofiles.com