DCGR - Internet Play ALL ABOARD
DCGR International Holdings, Inc. Enters the Internet Community by Signing a Letter of Intent to Acquire Personal Tutor Learning Systems, Inc., an Internet Based Tutoring Service
January 13, 1999 01:03 PM
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 13, 1999--DCGR International Holdings, Inc. DCGR announced today that it has signed a letter of intent to acquire Personal Tutor Learning Systems, Inc. a company specializing in live interactive tutoring on the Internet.
Personal Tutor Learning Systems, Inc. specializes in grades 4 through Junior College. The service provides live tutors primarily in the areas of Math and Science as well as English as a second language. Personal Tutor Learning Systems, Inc. will begin Internet operation in the spring of 1999. Currently they are a WEB design and hosting company. The service will also offer a host of self help learning modules geared to people who wish to increase their general knowledge.
Personal Tutor Learning Systems, Inc. was purchased for an undisclosed amount of restricted stock and cash.
Don Platten, President and CEO of DCGR stated, "With the addition of Personal Tutor Learning Systems, DCGR has crossed into the technology arena with a service that is sure to be a winner with both students and parents alike." Mr. Platten went on to add, "With the advent of a high profile technologically based division, DCGR will now be able to offer its shareholders an opportunity to take advantage of the explosive growth related to Internet based companies and services."
Safe Harbor Act Notice: this release may contain forward-looking statements that involve risks and uncertainties, including, without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.
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