College Partnership, Inc. Implements Price Increase.Business Editors/Education Writers LAKEWOOD Lakewood. 1 City (1990 pop. 73,557), Los Angeles co., S Calif., a residential and industrial suburb of Long Beach; inc. 1954. Nearby are extensive aerospace, high-technology, and electronic industries. 2 City (1990 pop. , Colo.--(BUSINESS WIRE)--March 9, 2004 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. ), a leading provider of college planning products and services, today announced that it has implemented a two-step price increase which will result in an estimated minimum addition of $3,000,000 in profits to the Company on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis based on current sales volumes. This increase was the result of significant enhancements to its products, including a greatly expanded career planning/college major selection process, increased 800-number coaching services, expanded test prep capability, study skills analysis and recommendations, and other improvements. Half of the increase was implemented on January January: see month. 31, 2004 and the second half is expected to be in place commencing May 1, 2004 College Partnership, Inc. is a full-service college planning company, offering students and their families' integrated resources and services to guide them through the college preparation and financial aid process. College Partnership Inc.'s suite of products and services integrates career planning, college major/field of study selection, college selection, college entrance testing searches for merit awards and financial aid packages. College Partnership Inc.'s products consist of printed materials, videocassettes and test preparation materials, college major/field of study and career assessment software, and databases accessible through CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . With the combined strengths of offering the identification of financial aid resources available, consulting, college targeting, scholastic planning and coaching tools, College Partnership, Inc. is able to provide superior educational resources that help families to reduce college costs, save time, decrease stress and ensure students the highest probability of not only choosing the right school, but gaining the ability to attend that school both academically and financially. For more information, please 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. that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. |
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