EduLink, Inc. Announces Agreement with The Kriegsman Group.
BEVERLY HILLS, Calif., Mar 28, 2002 (BUSINESS WIRE) -- EduLink, Inc. (OTCBB:MYIQ) announced today that it has entered into an agreement with The Kriegsman Group, an institutional division of Financial West Group ("The Kriegsman Group"), to render advice and assistance with respect to raising equity capital, financial consulting, planning, structuring, and business strategy.
The Kriegsman Group will assist EduLink in its efforts to secure additional financing required to implement its business plan, and simultaneously help to identify and secure new senior management personnel. Current Chief Executive Officer and Co-Founder, Michael Rosenfeld, will step down as CEO once a new CEO has been retained
Michael Rosenfeld, CEO of EduLink, states: "I have always maintained that once we had actually developed the learning content management system envisioned, we would be in the position to take the company to a much higher level by raising additional capital and securing an experienced management team. I believe that we now have taken the right steps to position EduLink for a move to that next level"
The Kriegsman Group is an institutional division of Financial West Group, an investment banking firm in Southern California specializing in the development of alternative sources of equity capital for emerging/growth companies, both private and public.
About EduLink
EduLink was founded to create a seamlessly integrated, dynamic Internet educational service. The company combines quality content with an affordable service that allows every family with a home computer to participate. Simply put, EduLink is about helping children learn and assisting them in reaching their educational potential.
Once completed, the EduLink service, called the Smart Schoolhouse TM, will deliver to schools and homes via the Internet, 3rd -- 12th grade curriculum with easy to use instructional programs and educational learning tools for teachers, students and parents.
Additionally, the EduLink service is capable of supporting a student assessment and a comprehensive school information management and communication system. EduLink will also seek to license its information management and communication system for various applications outside of the 3-12 education market.
The official EduLink Investor Relations Website: edu-link.com
CONTACT: EduLink, Inc. Veronica Aiken, 888/645-9200 |
