DALLAS, Jan. 2 /PRNewswire-FirstCall/ -- Voyager Learning Company (Pink
Sheets: VLCY), a publisher of education materials and provider of education
solutions in the K-12 market, announced today that it has retained Allen &
Co. to assist the Company in evaluating strategic alternatives, including a
possible sale of the Company. The Company cautions, however, that there can
be no assurance that this evaluation will result in any specific
transaction or, if any specific transaction is to occur, the timing of such
a transaction. The Company does not undertake any obligation to make any
further announcement or disclosure of any further developments with respect
to its evaluation of strategic alternatives.
About Voyager Learning Company
Voyager Learning Company (Pink Sheets: VLCY) is based in Dallas, Texas,
and is a publisher of education materials and provider of education
solutions serving the K-12 market. Through its product lines, which include
Voyager Expanded Learning, ExploreLearning and Learning A-Z, the Company is
a leading provider of K-12 curriculum products, in-school core reading
programs, reading and math intervention programs, and professional
development programs for school districts throughout the United States.
Forward-Looking Statements
Some of the statements contained herein constitute forward-looking
statements. These statements relate to future events, the results of our
pending restatement process, and our future financial performance and
involve known and unknown risks, uncertainties and other factors that may
cause our or our markets' actual results, levels of activity, performance
or achievements to be materially different from any future results, levels
of activity, performance or achievements expressed or implied by such
forward-looking statements. These risks and other factors you should
specifically consider include, but are not limited to the Company's ability
to successfully conclude the review and completion and filing of its
financial results for fiscal years 2006 and 2007 and the first two fiscal
quarters of 2008, litigation, results related to the investigation of the
Securities and Exchange Commission, additional expenses related to the
transition of the corporate administrative functions to Dallas, loss of key
personnel, success of ongoing product development, maintaining acceptable
margins, ability to control costs, changes in customer demands or industry
standards, the ability to successfully attract and retain customers, the
ability to sell additional products to existing customers and win new
business from new customers, the ability to maintain a broad customer base
to avoid dependence on any one single customer, the risk that our
competitors will seek to capitalize on the risks and uncertainties
affecting the Company, including but not limited to those related to the
restatement, K-12 enrollment and demographic trends, the level of
educational and education technology funding, the impact of federal, state
and local regulatory requirements on the Company's business, the impact on
the Company's stock price and trading volume as a result of the Company's
common stock being traded over-the-counter, the impact of competition and
the uncertainty of economic conditions in general, financial market
performance, and other risks listed under "Risk Factors" in our filings
with the Securities and Exchange Commission. In some cases, you can
identify forward- looking statements by terminology such as "may,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," "continue," "projects," "intends," "prospects,"
"priorities," or the negative of such terms or other comparable
terminology. These statements are only predictions. Actual events or
results may differ materially. The Company undertakes no obligation to
update any of these statements.
SOURCE Voyager Learning Company
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http://www.prnewswire.com/comp/108291.html/
CONTACT:
Shannan Overbeck, Investor Relations, Voyager
Learning Company, +1-214-932-9476, soverbeck@voyagerlearning.com
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