College Partnership, Inc. Announces Acquisition of Vision Direct Marketing, Inc. and Verbal Advantage.LAKEWOOD, Colo. -- College Partnership, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGPA CGPA Cumulative Grade Point Average (educational ranking/evaluation method) CGPA Canadian Generic Pharmaceutical Association CGPA College Partnership, Inc. ) announced today that they have acquired Waldrop Enterprises, Inc., d/b/a Vision Direct Marketing. Terms of the agreement consisted of a purchase price of $2.81 million with an issuance of 2,200,000 in Convertible Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , a five-year interest bearing note and assumptions of liabilities. The transaction increases College Partnership's equity by $2.2 million. Vision Direct Marketing is a full-service direct marketing company that provides marketing and call center services for clients with high-value products and services. Through its management team, Vision Direct Marketing has over 30 years of marketing experience. The company also has a forty (40) person call center. Vision Direct Marketing is the exclusive distributor for Verbal Advantage (www.verbaladvantage.com) product line and has also acquired a 39.9% interest in the Verbal Advantage product line with an option to purchase the remaining interest. Vision Direct Marketing achieved revenues for the calendar year 2004 of approximately $3.75 million. Vision Direct Marketing has been profitable in the past and is expected to report a profit of approximately $50,000 in the month of December and is expected to achieve a profit for the calendar year of 2005. The Verbal Advantage product line is America's #1 best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best audio vocabulary series. Since 1987, Verbal Advantage has been nationally recognized for its ability to assist individuals improve their communication skills. Vision Direct currently markets the Verbal Advantage product line in news outlets, including through radio and print media sources, including the ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Networks, Westwood One Westwood One, Inc. (NYSE: WON) is the largest radio network in the United States based on programming quantity. It is based in the city of New York, and it is managed by CBS Radio, the radio arm of CBS Corporation. History The company was founded by Norman J. , Media America, Skymall, Psychology Today, and Executive Book Summaries. The current product line includes four different editions of Verbal Advantage ranging from Advanced to Student, plus products for Conversation Confidence, Love Advantage, English Power Skills, Grammar for Success, Writing for Success, Everything's Negotiable NEGOTIABLE. That which is capable of being transferred by assignment; a thing, the title to which may be transferred by a sale and indorsement or delivery. 2. , Listening to Win, Conversational Spanish, French and German. William H. Waldrop, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Vision Direct Marketing, will become College Partnership's Executive Vice-President and Chief Marketing Officer and will assume responsibility for College Partnership's marketing campaigns, including the direct mail campaign. Also, J. Wade Mezey, Vision Direct's General Counsel, will become the Chief Legal Officer and General Counsel of College Partnership. John J. Grace, Chairman of College Partnership, Inc., stated, "The acquisition of Vision Direct Marketing significantly strengthens College Partnership in terms of management, sales and profits while taking an important step to filling the strategic vision of College Partnership as an educational services and products company." William H. Waldrop added: "We expect 2005 to be a year of great growth for the new combined entity. The fit between College Partnership, Vision Direct Marketing and our combined product line is substantial." College Partnership, Inc. (OTCBB:CGPA) is a full-service, college-planning company offering students and their family integrated resources and services to guide them through the college-preparation process. College Partnership's suite of products and services integrates career planning, college major/field of study selection, college selection, preparation for college entrance tests, aids for improving study skills and family financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . For more information on College Partnership, visit http://www.collegepartnership.com. This release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current expectations about future events and are subject to risks, uncertainties and assumptions about the companies' businesses, economic and market factors and the industries in which the companies do business, among other things. Actual results could differ materially from those forecast in the forward-looking statements as a result of, among other things, acquisitions by the Company, the development of new products and services, the effect of competitive products and services, and general economic conditions. College Partnership undertakes no obligation to update or revise such statements. |
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