ANN ARBOR, Mich., June 29 /PRNewswire-FirstCall/ -- ProQuest Company
(OTC Pink Sheets: PQES, "the Company"), a publisher of education materials
and provider of education solutions in the K-12 market, will hold a
conference call to discuss first half 2007 results on Thursday, July 26,
2007 at 3:00 p.m. Eastern Time. The call will be based on preliminary
unaudited results through June 30, 2007 for its Voyager Expanded Learning,
Learning A-Z and ExploreLearning businesses.
The Company also reported today that it will change its name to Voyager
Learning Company effective Saturday, June 30, 2007. The name change is
being made pursuant to the terms of the sale of ProQuest Information and
Learning to Cambridge Information Group (CIG) in February 2007 under which
CIG acquired the rights to the ProQuest name. Effective Monday, July 2,
2007, the Company's corporate website address will change to
http://www.voyagercompany.com.
Also effective with the opening of business on Monday, July 2, 2007 the
Company's ticker symbol will change from PQES to VLCY, with no interruption
of trading in the Company's shares. The new name and ticker symbol will
have no effect on the number of shares owned by current shareholders. The
name change will be automatic and shareholders will own the same number of
shares of Voyager Learning Company as they own of ProQuest Company.
The Company also announced that it now expects to file its 2005 10-K,
including its restated consolidated financial statements, in the next 45 to
60 days. Previously the Company announced in its March 21, 2007 press
release that it anticipated filing its 2005 10-K in the second quarter of
2007. While the Company and its independent auditor, KPMG LLP ("KPMG"),
have made significant progress, finalizing open issues has been more
difficult than expected. There can be no assurance that additional issues
will not be identified, which could further delay the filing of the 2005
10-K.
To listen to the Company's upcoming conference call, please dial (888)
688-0384 at 3:00 p.m. Eastern Time on Thursday, July 26, 2007. The call
will be recorded and archived until Thursday, August 2, 2007 and can be
replayed by calling (800) 642-1687, and entering ID#6064132. The conference
call will also be webcast and archived at the Company's website (which
effective Monday, July 2, 2007 will be http://www.voyagercompany.com).
About ProQuest Company
ProQuest Company (OTC Pink Sheets: PQES) is based in Ann Arbor,
Michigan, 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 restatement of its financial
results, the discovery of additional restatement items, litigation, 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, potential
disruption to our sales and marketing efforts and thus to our ability to
win new business due to the change in the name of our Company, 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 ProQuest Company
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Related links:
http://www.proquestcompany.com
http://www.prnewswire.com/comp/108291.html/
CONTACT:
Jennifer Chelune, Investor Relations Manager,
ProQuest Company, +1-734-997-4910, or
jennifer.chelune@proquest.com
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