CAPE CORAL, Fla., Feb. 14, 2017 /PRNewswire/ -- Tigrent Inc. (Other OTC: TIGE)
Tigrent Inc. ("Tigrent") is pleased to announce that it has completed the stock distribution approved by its Board of Directors on October 4, 2016. Pursuant to the stock distribution, 15,998,326 shares of Common Stock in Legacy Education Alliance, Inc. (OTCQB: LEAI) ("Legacy") were distributed to Tigrent shareholders at a ratio equal to 1.00105 shares of Legacy Common Stock for each share of stock held in Tigrent.
"We are pleased that this transaction has been completed, and believe that the shareholders of Tigrent will now be empowered to fully participate in the affairs of Legacy, while achieving greater flexibility and control of their individual financial affairs," said Anthony C. Humpage, CEO of Tigrent.
Special Note Regarding Forward Looking Statements
This press release includes certain forward-looking statements that are based upon the Tigrent's current expectations and involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical statements of fact and those regarding the intent, belief or expectations of Tigrent, including, without limitation, the ability of Tigrent shareholders to realize the benefits of the stock distribution. Investors are hereby cautioned that certain factors may affect these forward-looking statements, including but not limited to, factors affecting the market in Legacy securities.
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SOURCE Tigrent Inc.