The Princeton Review Begins Trading on the OTC Markets

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Apr 03, 2012, 09:00 ET

FRAMINGHAM, Mass., April 3, 2012 /PRNewswire/ -- The Princeton Review, Inc. (OTCQB: REVU), a leading provider of educational support, college readiness and career planning and preparation services, announced that effective today, April 3, 2012, the company's common stock will trade on the OTCQB tier of the OTC Markets. Investors may review real-time stock quotes for "REVU," the company's current trading symbol, at http://www.otcmarkets.com/stock/REVU/quote.

For further information, please contact the company's investor relations department at http://ir.princetonreview.com/contactus.cfm.

About The Princeton Review

The Princeton Review (OTCQB: REVU) provides students and their parents with the resources to research, apply to, prepare for, and learn how to pay for higher education. The company partners with schools and guidance counselors throughout the U.S. to assist in college readiness and career planning services, helping more students pursue postsecondary education. The company also owns and operates Penn Foster Education Group, a global leader in online education, providing career-focused degree and vocational programs in the fields of allied health, business, technology, education, and select trades through the Penn Foster High School and Penn Foster Career School (www.pennfoster.edu). For more information, visit www.PrincetonReview.com.

On March 27, 2012, the company announced that it has entered into a definitive agreement to sell its test preparation business, including The Princeton Review brand name and all associated brand assets, to an affiliate of Boston-based private equity firm Charlesbank Capital Partners. In connection with the sale, which is expected to be completed within the next 30 to 40 days, the company will cease to be known as The Princeton Review and will formally adopt a new, to be determined, corporate name.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "believe," "intend," "expect," "may," "could," "would," "will," "should," "plan," "project," "contemplate," "anticipate," or similar statements. Because these statements reflect The Princeton Review's current views concerning future events, these forward-looking statements are subject to risks and uncertainties. The Princeton Review's actual results could differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to the factors described under the caption "Risk Factors" in The Princeton Review's most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. The Princeton Review undertakes no obligation to update publicly any forward-looking statements contained in this press release.

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SOURCE The Princeton Review