K12 Inc. Announces Acquisition of Power-Glide Language Courses, Inc.

Foreign language company will operate as subsidiary of K12 Inc.



Oct 18, 2007, 01:00 ET from K12 Inc.

    HERNDON, Va., Oct. 18 /PRNewswire-USNewswire/ --- K12 Inc., a leading
 national provider of curriculum and schools services, announced the
 acquisition of the foreign language company, Power-Glide Language Courses,
 Inc.
 
     Power-Glide will operate as a subsidiary of K12 Inc. and will continue
 directly serving all of its current customers. The acquisition will allow
 the companies to leverage their combined resources to develop new product
 offerings and grow the overall business.
 
     "At K12 our mission is to provide any child access to exceptional
 curriculum and tools that enable him or her to maximize his or her success
 in life, regardless of geographic, financial, or demographic circumstance,"
 said Ron Packard, CEO of K12 Inc. "We partnered with Power-Glide for the
 past three years and found that they share our passion for educating
 children. Their approach and commitment to changing the way people learn
 foreign languages is proven by the success of their products and the
 innovative way they use games and technology. Their product line will be a
 fantastic augmentation to K12's current education products and services."
 
     Power-Glide Language Courses, Inc. is a Provo, Utah-based company that
 is the leader in foreign language training materials for independent
 learners and schools. Power-Glide is also a fully accredited foreign
 language school serving the "foreign language for credit" market, which
 includes public, private, and charter schools, home school, third-party
 training companies (private labeled), corporations, and individuals.
 Power-Glide provides a complete offering of all the main languages taught
 in schools at the elementary, middle school and high school levels, plus a
 product line geared to the adult learner. Power-Glide is accredited through
 the Northwest Association of Accredited Schools (NAAS).
 
     About K12 Inc.
 
     K12 Inc. is a leading national provider of individualized, one-to-one
 learning solutions for students in online public schools, distance
 education programs and traditional classrooms. During the 2006-07 academic
 year, the K12 program was used by more than 27,000 students in 17 statewide
 online public schools. Many of the nation's top-performing online public
 schools use the K12 curriculum and school services.
 
     K12 offers individualized learning solutions for students using an
 outstanding, highly effective curriculum that enables mastery of core
 concepts and skills for students of all abilities. The K12 program combines
 a cognitive science-based curriculum with individualized learning
 approaches, delivered by teachers specifically trained to educate in an
 online environment.
 
     K12 Inc. is accredited through the Commission on International and
 Trans-Regional Accreditation (CITA) and is largest national K-12 virtual
 school provider to be recognized by CITA. More information can be found at
 www.K12.com.
 
     (C) 2007 K12 Inc. K12 is a registered trademark, and the K12 logo is a
 trademark of K12 Inc. All other trademarks are the property of their
 respective owners.
 
 
 
 

SOURCE K12 Inc.
    HERNDON, Va., Oct. 18 /PRNewswire-USNewswire/ --- K12 Inc., a leading
 national provider of curriculum and schools services, announced the
 acquisition of the foreign language company, Power-Glide Language Courses,
 Inc.
 
     Power-Glide will operate as a subsidiary of K12 Inc. and will continue
 directly serving all of its current customers. The acquisition will allow
 the companies to leverage their combined resources to develop new product
 offerings and grow the overall business.
 
     "At K12 our mission is to provide any child access to exceptional
 curriculum and tools that enable him or her to maximize his or her success
 in life, regardless of geographic, financial, or demographic circumstance,"
 said Ron Packard, CEO of K12 Inc. "We partnered with Power-Glide for the
 past three years and found that they share our passion for educating
 children. Their approach and commitment to changing the way people learn
 foreign languages is proven by the success of their products and the
 innovative way they use games and technology. Their product line will be a
 fantastic augmentation to K12's current education products and services."
 
     Power-Glide Language Courses, Inc. is a Provo, Utah-based company that
 is the leader in foreign language training materials for independent
 learners and schools. Power-Glide is also a fully accredited foreign
 language school serving the "foreign language for credit" market, which
 includes public, private, and charter schools, home school, third-party
 training companies (private labeled), corporations, and individuals.
 Power-Glide provides a complete offering of all the main languages taught
 in schools at the elementary, middle school and high school levels, plus a
 product line geared to the adult learner. Power-Glide is accredited through
 the Northwest Association of Accredited Schools (NAAS).
 
     About K12 Inc.
 
     K12 Inc. is a leading national provider of individualized, one-to-one
 learning solutions for students in online public schools, distance
 education programs and traditional classrooms. During the 2006-07 academic
 year, the K12 program was used by more than 27,000 students in 17 statewide
 online public schools. Many of the nation's top-performing online public
 schools use the K12 curriculum and school services.
 
     K12 offers individualized learning solutions for students using an
 outstanding, highly effective curriculum that enables mastery of core
 concepts and skills for students of all abilities. The K12 program combines
 a cognitive science-based curriculum with individualized learning
 approaches, delivered by teachers specifically trained to educate in an
 online environment.
 
     K12 Inc. is accredited through the Commission on International and
 Trans-Regional Accreditation (CITA) and is largest national K-12 virtual
 school provider to be recognized by CITA. More information can be found at
 www.K12.com.
 
     (C) 2007 K12 Inc. K12 is a registered trademark, and the K12 logo is a
 trademark of K12 Inc. All other trademarks are the property of their
 respective owners.
 
 
 
 SOURCE K12 Inc.