TMCnet News
Legacy Education Alliance, Inc. in Negotiations to Renew Rich Dad License as it Continues to Focus on Brand DiversificationLegacy Education Alliance, Inc. (OTCQB: LEAI) (www.legacyeducationalliance.com), a leading international provider of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques, announced today that it is in negotiations to renew its worldwide license with Rich Dad Operating Company, LLC ("RDOC") for the use of the "Rich Dad" name and marks and other intellectual property as it continues to develop its portfolio of its proprietary and other third-party brands. "Our relationship with the Rich Dad organization has been mutually beneficial over the years and we are hopeful that we will be able to reach an agreement that will allow this relationship to continue into the future," said Anthony Humpage, LEAI's Chief Executive Officer. "In the meantime, we continue to execute on our strategy of diversifying our product offerings through the introduction of established brands into new markets, as well as the development of new brands." LEAI currently offers seven non-Rich Dad brands, which include:
About Legacy Education Alliance Inc. Legacy Education Alliance, Inc. (http://www.legacyeducationalliance.com) is a leading international provider of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques. Legacy Education Alliance was founded in 1996, today we are a global company with approximately 200 employees that has cumulatively served more than two million students from more than 150 countries and territories over the course of our operating history. We offer our training through a variety of brands including Rich Dad® Education; Rich Dad® Stock Education; Making Money from Property with Martin Roberts™; Brick Buy Brick™; Building Wealth; Robbie Fowler Property Academy™; Women in Wealth™; The Independent Woman™; and Trade Up Investor Education™. For more information, please visit our website at www.legacyeducationalliance.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K (including but not limited to the discussion under "Risk Factors" therein) filed with the SEC (News - Alert) on March 31, 2017 and which may be viewed at http://www.sec.gov. View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005559/en/ |