ST. AUGUSTINE, Fla., Jan. 30, 2017 /PRNewswire/ -- Creative Learning Corporation (OTCQX: CLCN, the "Company") announces that it is in discussions to obtain supplemental funding to provide additional working capital to assist the Company going forward. The Company's board believes that it is in the best interests of the Company to obtain this additional funding to expand its sales efforts and to upgrade the capacity of its franchisee base to profitably advance their efforts to sell and service customers of CLC's award-winning children's education programs. The Company's board believes that the amount of funding under discussion would be sufficient to benefit the Company's operations. The funding source has made clear that it would not be interested in providing funding in the event that the current board is replaced.
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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. Forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "estimates," "anticipates," "expects," "intends," "plans," "may," "will," "potential," "projects," "predicts," "continue," or "should," or, in each case, their negative or other variations or comparable terminology. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual future results to differ materially from those projected or contemplated in the forward-looking statements.
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SOURCE Creative Learning Corporation