Legacy Education Alliance Inc. (OTCMKTS: LEAI) was up 4% after announcing plans to establish a market alliance with the 2013 Pro Football Hall of Famer Cris Carter.
Trading Data
On Tuesday, LEAI stock moved up 4.08% to $0.13 with more than 21K shares, compared to volume of 23K shares. The stock moved within a range of $0.1300 – 0.1400 after opening trade at $0.14.
Legacy Education Alliance Announces Proposed Relationship with Cris Carter and Progress on Strategic Initiatives
The company also revealed a plan to advance its strategic initiatives that include a spinoff of the operating unit of Legacy education that stockholders and structuring previously approved of the anticipated convertible bridge funding to Nasdaq listing. The company’s CEO and chairman, Barry Kostiner, said they are delighted to report the expected marketing collaboration with Cris Carter and rebuilding Legacy Education with Family Office Experiences. He added that Carter’s personal story and passion, plus his brother Jeff Davis’ experience in business operations, will be instrumental in taking Legacy Education beyond entrepreneurial education.
Carter said he had entered a business phase in his career and has received numerous opportunities to earn from his reputation and experience. He added that by working with
Legacy Education the plan is to inspire young people to go beyond sports and focus on education. So in the coming weeks, LEAI is worth watching.
Key Quote
Barry Kostiner, Chairman and CEO of Legacy Education, remarked “We are delighted to announce our planned marketing partnership with Cris Carter and Family Office Experiences to rebuild Legacy Education. Hearing Cris speak at the FOE Dubai conference at the beginning of April, including his personal journey and vision, was one of the most inspiring experiences in my career. His passion and personal story, together with his brother, Jeff Davis’ expertise in business operations, we believe is the future of Legacy Education, bringing us beyond entrepreneurial education to using our live event and mentoring operations to give underserved youth a path to financial success and achievement of life goals.”
Technical Data
LEAI stock is trading above the 20-Day and 50-Day Moving averages of $0.12 and $0.12 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.09.
