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Article: The American Education Corporation Signs Letter of Agreement to Acquire Projected Learning Programs, Inc.
- Article from:
- PR Newswire
- Article date:
- January 8, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKLAHOMA CITY, Jan. 8 /PRNewswire/ -- The American Education Corporation (0TC Bulletin Board: AEDU) (AEC) today announced that it has signed a definitive letter of agreement to acquire the outstanding common stock of Projected Learning Programs, Inc. (PLP) of Paradise, California. PLP is a privately owned, profitable, 25-year-old specialty catalog marketer of educational software to the high school, junior college, and university markets.
The closing date of the transaction will be effective January 1, 1998. Under the terms of the agreement, the total purchase price of $325,000 will consist of cash, notes and common stock of The American Education ...