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Legacy Education Alliance (OTCQB: LEAI) announced a collaboration with My Readiness Coach (MRC) to enhance educational counseling for over 12,000 students in Pennsylvania. This partnership aims to support underprivileged communities and facilitate student success. Upon certain conditions, LEAI plans to acquire MRC by December 2024, aligning with its mission to provide affordable education. Additionally, LEAI aims to uplist to Nasdaq by December 2024 to improve visibility and capital access. The company's educational offerings are expanding, including real estate and investment education, as demonstrated by new events in the Dominican Republic.
Legacy Education Alliance (OTCQB: LEAI) has announced the relaunch of its Live Events business in collaboration with renowned vacation rental experts Jerry Conti and Brian Page. With a history spanning 25 years, Legacy aims to revive its market presence through a multi-city virtual and live event tour starting in Q4 2022. The company plans to leverage its extensive network, having served over 50,000 students and generated over $250M in revenue from 2016 to 2019. The growth in demand for educational resources in entrepreneurship and real estate positions Legacy Education for a promising comeback.
Legacy Education Alliance (OTCQB: LEAI) is shifting focus towards impact investing, notably a proposed investment in Monarch Health Inc. Chairman Barry Kostiner emphasized a new approach in partnership with professional athletes to deliver educational and life skills mentorship to underserved communities. The company aims to leverage Monarch Health’s detox services, utilizing hospital resources to enhance profitability. Legacy anticipates a significant revenue opportunity from the growing online student market. However, this investment is subject to Board approvals and negotiations.
Legacy Education Alliance (OTCQB: LEAI) announced its partnership with Cris Carter to enhance its educational programs targeting underserved youth. This initiative, branded as "Smart Brother," aims to merge entrepreneurial education with live mentoring events. CEO Barry Kostiner highlighted the potential to leverage the company’s past $800 million revenue stream associated with real estate education. The company also closed its initial $100,000 in convertible bridge financing for a potential Nasdaq uplisting. A presentation detailing this partnership and strategic vision is available.
Legacy Education Alliance (OTCQB: LEAI) announced a marketing partnership with Cris Carter to enhance its educational services, particularly for youth. The company aims to restructure its business and facilitate a Nasdaq uplisting through proposed convertible bridge financing of up to $5 million. This financing is designed to be attractive to investors, featuring a 20% discount and 100% warrant coverage. The initiative follows a strategic plan to leverage past successes and clean up the balance sheet to support future growth in entrepreneurial education.
Legacy Education Alliance (OTCQB: LEAI) has announced its strategic initiatives for the upcoming year, focusing on a Nasdaq uplisting. The company aims to integrate its education programs with Coopersmith’s degree completion services. CEO Barry Kostiner emphasized expanding their mentoring and sales team to enhance student engagement. Strategic partnerships with Exampil and education counselors are set to strengthen the company’s positioning. Legacy Education also plans to acquire Coopersmith Career Consulting as part of its strategy to enhance its educational offerings.
Legacy Education Alliance, Inc. (OTCQB: LEAI) reminds shareholders to vote their proxies before the Annual Meeting on July 2, 2021, at 9:00 a.m. EDST, in Purchase, NY. Shareholders will vote on several proposals, including the election of board members, ratification of the independent accounting firm MaloneBailey LLP, approval of the 2021 Incentive Plan, and the Spin Off Transaction. Additionally, a 20% Issuance Proposal and the potential adjournment of the meeting to gather more proxies will be discussed. Proxy votes must be submitted by July 1, 2021.