Legacy Education Alliance Anno – GuruFocus.com
CAPE CORAL, FL, July 15 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Legacy Education Alliance, Inc. (LEAI) released a presentation focusing on impact investing, including a proposed investment in Monarch Health Inc.
Barry Kostiner, President and CEO of Legacy Education, said, “Legacy Education realizes an opportunity to provide its platform products and services to local communities in partnership with leading professional athletes in their desire to provide access to life skills and educational mentoring, products and services in their hometown. This exciting new model, still in development, is a departure from Robert Kiyosaki’s Rich Dad, Poor Dad brand and the previously announced planned relationship with Cris Carter, which is no longer being pursued. We intend to diversify the Legacy Education platform with a wide variety of influencers, local leaders and professional athletes, and expand Legacy’s national reach and active local community engagement. In addition to our focus on our affordable and accelerated degree completion activity, we aim to provide resources to meet the different needs throughout each individual’s life course, including career counselling, financial literacy education, entrepreneurship, real estate and investment training.
Andrew McDonald, Vice President of Legacy, said, “America’s national addiction crisis is destroying communities and affecting families from all walks of life. Unfortunately, drug addiction recovery programs typically have a recidivism rate of over 90%. Although drug rehabilitation is an essential life-saving service, it must be accompanied by ongoing mentoring and education services to reset the trajectory of the individual on an upward path. Legacy continues to invest in Monarch Health’s detox business and strives to leverage our platform of products and services to move beyond detox to long-term stability and success.
Monarch Health has assembled a world-class medical operations and management team with industry-leading expertise in substance abuse and addiction treatment. Their business plan leverages underutilized hospital beds to provide drug rehabilitation services to Medicare, Medicaid and veterans’ patients. Partnering with hospitals to “Airbnb” their unused hospital beds, allows the use of hospital infrastructure while avoiding the huge costs and liability of facility management and billing, thus enabling the opportunity to make substantial profits at a low price. Legacy believes this business strategy has explosive potential, where the rehab industry struggles to cost-effectively meet the needs of minority and underserved communities, especially Medicare, Medicaid and veteran patients. Monarch Health has existing relationships with a very large network of underutilized regional and critical access hospitals located across the country. Investment in Monarch by Legacy Education is subject to negotiation and execution of definitive documentation, closing conditions, and approval by the Boards of Directors of both companies.
Barry Kostiner added: “I am thrilled to have Andrew join Legacy. He is an exceptional and inspiring entrepreneur who shares our vision to transform Legacy Education. We are actively engaged in rebuilding our live events focused on real estate investment education and training, in addition to the Legacy Degree.
The current universe of online students in America is approaching 3 million and growing rapidly – if we assume we can achieve 5% market penetration, our revenue could exceed $1 billion/year, while still being one least expensive paths to an accredited degree, with an estimated net margin of 40% that we believe far exceeds all EdTech unicorns.
We believe in building businesses that have a clear path to providing not only valuable services that positively impact society, but also profitability. The EdTech world is run by companies that we believe do not meet these criteria. We are committed to bringing value to our students, investors, employees and communities.
1. Introducing Legacy Education: Introducing Impact Investing: Transforming the EdTech Platform to Serve Disadvantaged Communities, From Graduation to Social Housing and Addiction Recovery Solutions
2. LinkedIn posts: https://www.linkedin.com/in/barry-kostiner/recent-activity/shares/
Contact with Investor Relations:
Company website: www.legacyeducationalliance.com
Education website: www.legacyeducation.com
About Legacy Education Alliance Inc.
Legacy Education Alliance, Inc. (LEAI) provides online degree programs and hands-on, high-quality, value-based educational training in personal finance, entrepreneurship, investment strategies and techniques and real estate investment. Legacy Education has grown to focus on impact investing and providing educational and career resources to underserved communities, in addition to serving its established customer base.
Certain statements made in this press release may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied. implied by these forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “could”, ” intends”, “target”, “project”, “contemplate”, “believe”, “estimate”, “predict”, “potential”, “could” or “continue” or the negative of these terms or d “other similar expressions. All statements other than statements of historical facts contained in this press release are forward-looking statements. All forward-looking statements are based on current expectations which involve numerous risks and uncertainties. Our plans and objectives are based , in part, on assumptions and judgments regarding, among other things, projected results of the introduction and rollout of new brands, products and services, expansion into new geographic markets and combinations with third party parties; our ability to meet the requirements ences of listing on Nasdaq and otherwise going on Nasdaq; the successful acquisition and operation of complementary and new businesses; the successful conclusion and success of joint ventures and other collaborations with third parties, including the conclusion and growth of a proposed investment in Monarch Health Inc. on terms satisfactory to our company; our success in raising capital for operations and implementing our business plan, strategy and initiatives; developing e-commerce capabilities; international growth projections; projected profitability; our ability to address or manage corruption issues in certain locations where we operate; our ability to address and manage cybersecurity risks; our ability to protect our intellectual property, on which our business largely depends; our ability to manage our relationships with credit card processors; our expectations regarding the impact of general economic conditions on our business; and the effects of the COVID-19 pandemic on the global and national economies as well as on our business operations and financial results. Our assumptions used for the purposes of forward-looking statements represent estimates of future events and are subject to uncertainty about possible changes in economic, legislative, industry and other circumstances, including the development, acceptance and sales of our products and our ability to raise sufficient additional funds to implement our strategy. These forward-looking statements involve assumptions, known and unknown risks, uncertainties and other important factors that could cause actual results, performance or our achievements, or industry results, to differ materially from historical results. , future results, performance or achievements. expressed or implied by these forward-looking statements. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this press release. Important factors that could cause our actual results to differ materially from those expressed in forward-looking statements are set forth in certain of our filings with the Securities and Exchange Commission. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events, change circumstances or otherwise.