Legacy Education Alliance, Inc. in Negotiations to Renew Rich Dad License as it Continues to Focus on Brand DiversificationSource: Business Wire
“Our relationship with the Rich Dad organization has been mutually
beneficial over the years and we are hopeful that we will be able to
reach an agreement that will allow this relationship to continue into
the future,” said
LEAI currently offers seven non-Rich Dad brands, which include:
Making Money from Property with Martin Roberts™: A property-based
curriculum focused on how and why to buy property at auction in the
U.K.Based on the teachings of Martin Roberts, renowned U.K.TV personality, property expert, journalist, and author of Making Money from Property, our Making Money from Property program is designed to show investors tested strategies to buy at auction, as well as the difference between income and capital growth strategies, negotiating transactions, and buying properties overseas.
Brick Buy Brick™: Initially launched in the
U.K., Brick Buy Brick is now also available in the U.S., Canadaand the other foreign markets in which we operate. The program introduces our students to the tools and strategies used by successful investors to make money work for them through real estate investing.
- Building Wealth: A program that offers students training on how to build and preserve wealth, start or manage a business, and benefit through investing in property regardless of market conditions.
Robbie Fowler Property Academy™: Designed to teach investment
strategies individuals can use to achieve a potential clear path
towards long-term wealth, the goal of our
Property Academytraining program is to provide a comprehensive property investment education. We teach our students the investment strategies currently implemented throughout the U.K., such as Social Housing, Buy-To-Let, Lease Options, and Land Development.
- Women In Wealth™: Created to inspire women of all ages and backgrounds to potentially achieve financial security, Women In Wealth seeks to empower women with a strong financial education and help them learn the potential benefits of real estate investing to create cash flow and build financial independence.
- The Independent Woman™: Developed by women for women, The Independent Women program imparts the principles and strategies essential for potential financial independence.
- Trade Up Investor Education™: Built on the belief that a successful investor is an educated investor and developed in partnership with Investor's Business Daily®, a leading financial news and research organization since 1984, students are offered educational training designed to help them increase their knowledge of stock and options trading.
Over the past several years, we have shifted our focus from relying
primarily on the Rich Dad™ Education brand offerings to our proprietary
and other third-party brands, which has resulted in increasing the
percentage of our total revenues for these non-Rich Dad brands, although
our business to date in these brands has not been material to the
Company as a whole. We will continue to focus on adding to, and
extending our non-Rich Dad brands with the goal of enhancing sales
penetration, increasing profitability, and meeting the needs of all our
customers. Our current License Agreement with RDOC expires on
We offer our training through a variety of brands including Rich Dad®
Education; Rich Dad® Stock Education; Making Money from Property with
Martin Roberts™; Brick Buy Brick™; Building Wealth;
This press release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). Statements preceded by,
followed by or that otherwise include the words “believe,” “anticipate,”
“estimate,” “expect,” “intend,” “plan,” “project,” “prospects,”
“outlook,” and similar words or expressions, or future or conditional
verbs such as “will,” “should,” “would,” “may,” and “could” are
generally forward-looking in nature and not historical facts. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Company's actual
results, performance or achievements to be materially different from any
anticipated results, performance or achievements. The Company disclaims
any intention to, and undertakes no obligation to, revise any
forward-looking statements, whether as a result of new information, a
future event, or otherwise. For additional risks and uncertainties that
could impact the Company’s forward-looking statements, please see the
Company’s Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the
Scott Gordon, 516-222-2560