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8-K - FORM 8-K - Archipelago Learning, Inc. | d81235e8vk.htm |
Exhibit 99.1
Investor Relations and
Corporate Communications Contact:
Christy Linn
(214) 466-1825
ir@archlearning.com
Corporate Communications Contact:
Christy Linn
(214) 466-1825
ir@archlearning.com
FOR IMMEDIATE RELEASE
ARCHIPELAGO LEARNING ANNOUNCES
CHANGES TO ITS BOARD OF DIRECTORS
CHANGES TO ITS BOARD OF DIRECTORS
DALLAS, April 6, 2011 Archipelago Learning (NASDAQ:ARCL) a leading subscription-based,
software-as-a-service (SaaS) provider of education products, today announced the resignation of
Michael Powell from our Board as of April 5, 2011. The decision resulted from his appointment
as President and Chief Executive Officer of the National Cable and Telecommunications Association
(NCTA). We plan to fill Michaels position on the Board with an independent candidate in the near
future.
Tim McEwen, President and Chief Executive Officer of Archipelago Learning, commented, We
appreciate Michaels insight and commitment to education as well as his endorsement of our efforts
to be a leader in digital solutions that support both teachers and students. His passion and
support will be missed, however we wish him well in his new role.
Michael Powell, Chairman and Chief Executive Officer of the MK Powell Group said, It has
been a pleasure to serve on Archipelago Learnings Board through the IPO process and the beginning
stages as a public company. As schools transform into digital learning environments, the product
offerings of Archipelago Learning enhance learning in a fun and engaging manner while creating
greater efficiencies for teachers. To have been part of their early stages of growth has been both
rewarding and exciting.
About Archipelago Learning
Archipelago Learning (NASDAQ:ARCL) is a leading subscription-based, software-as-a-service (SaaS)
provider of education products used by approximately 13 million students in about 37,500 schools
throughout the United States, Canada, and the United Kingdom. Our supplemental product offerings
facilitate the evolution of education as technology transforms the learning experience. For more
information, please visit us at www.archipelagolearning.com.
Forward Looking Statements
This
press release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
regarding the Company. These forward-looking statements are based on
current information and expectations, and are subject to risks and
uncertainties discussed in our filings with the Securities and
Exchange Commission, which could cause the Companys actual
results to differ materially from expected results. The Company
undertakes no obligation to publicly update any forward-looking
statement contained in this release, whether as a result of new
information, future developments or otherwise, except as may be
required by law.
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