SALT LAKE CITY, July 23 /PRNewswire/ -- Franklin Covey Co. (NYSE: FC)
announced today that it has completed the divestiture of the Franklin Covey
Institute of Fitness (formerly known as the National Institute of Fitness), in
order to focus on growing its core training and product businesses.
The terms of the divestiture were not made public due to a nondisclosure
agreement between the parties; however, the Company does not expect the impact
of the transaction to have a material effect on the Company's financial
results.
Franklin Covey is the leading global provider of leadership development
and productivity services and product solutions based on proven principles.
More than 15 million individuals use Franklin Covey's agendas, organizers and
planners and training products and related materials that are printed in 28
languages throughout the world. Franklin Covey trains in excess of 750,000
participants annually in training seminars teaching principles to help them
achieve "What Matters Most."
SOURCE Franklin Covey Co.
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Related links:
http://www.franklincovey.com
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fax, 800-758-5804, ext. 107086
CONTACT:
Jon H. Rowberry, CEO and President, John L.
Theler, Chief Financial Officer, or Richard R. Putnam, Investor
Relations, 801-975-1776, all of Franklin Covey
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