CAPE CORAL, Fla.--(BUSINESS WIRE)--Legacy 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 had closed on two residential properties in the United Kingdom as part of its strategy of building its business, real estate investment and development portfolio. To that end, the company has established separate subsidiaries in the UK and the USA to focus solely on its real estate investment and development activities.
“LEAI is always looking for ways to expand its business and add value,” said Anthony Humpage, LEAI’s Chief Executive Officer. “We have decided to leverage what we teach as another means to expand our business.” Humpage added: “Additionally, we can use our real estate and property ventures as illustrative teaching tools to enhance our students’ experiences and outcomes.”
Iain Edwards, LEAI’s UK-based Senior Vice President added, “With the aim of supplementing the UK seminar business through its portfolio’s operations, we are excited to have begun staffing and starting the pipeline of opportunities for this new business venture.”
The properties acquired by the Company include two rental-income flats in Birmingham, West Midlands, which is the second largest city in the UK. In addition to providing rental income to the Company, these and other acquired properties will be used as case studies to demonstrate various strategies and techniques taught in LEAI’s various property investing classes in the UK. In these and other ventures, the Company may also seek to sell the properties if profitable sales opportunities present themselves.
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 RobertsTM; Brick Buy BrickTM; Building Wealth; Robbie Fowler Property AcademyTM; Women in WealthTM; Perform in PropertyTM, Teach Me to TradeTM, and Trade Up Investor EducationTM. For more information, please visit our website at www.legacyeducationalliance.com.
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 on April 2, 2018 and which may be viewed at http://www.sec.gov.