Harvard Learning Centers, Inc. Announces Additional 1:1 Stock Dividend for Shareholders of Record as of June 15, 2007
Harvard Learning Centers, Inc. (PINKSHEETS: HVLN), a Florida corporation (the "Company"), announced today that its Board of Directors has authorized a one-for-one common stock share dividend payable to each shareholder of record as of June 15, 2007. As with previous such dividends issued by the Company, the stock dividend will be issued in the form of "restricted" common stock. Approval for the dividend's distribution has been requested of NASDAQ.
Donald Platten, President of Harvard Learning Centers, Inc., said, "This is just one more example in how we are adding value to the investment of our shareholders. As you recall, we previously announced a 1:1 stock dividend to shareholders of record as of December 31, 2006, building on the value added to their portfolios by the stock dividends of shares of the Company's subsidiaries, Eli Enterprise, Inc. and Rejuvenations by Robert Palumbo, Inc. for Company shareholders of record as of June 15 and July 15, 2006, respectively." He added, "The Board of Directors felt that now as we aggressively scale the Company and build its subsidiaries, we should provide incremental economic benefit to our shareholders who are making our success possible." |
