SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): July 27, 2018 (July 27, 2018)
AMERICAN EDUCATION CENTER, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 333-201029 | 38-3941544 |
|
(State or Other Jurisdiction of
Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
2 Wall Street, 8 th Fl.
New York, NY 10005
(Address of principal executive offices)
Registrant’s tlephone number, including area code: (212) 825-0437
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company þ
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 8.01 OTHER EVENTS
On July 27, 2018, American Education Center, Inc. (“AEC”, or the “Company”), an emerging growth company providing educational and career enrichment opportunities for Chinese students studying in the United States, issued a press release announcing that the Company had entered into a non-binding letter of intent (“LOI”) with Shanghai Open University, a leading education group in China, for the implementation of four international certificate projects in China. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
|
Exhibit
Number |
Description | |
| 99.1 | Press Release dated July 27, 2018 . |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| AMERICAN EDUCATION CENTER, INC. | |||
| By: | /s/ Max P. Chen | ||
| Name: | Max P. Chen | ||
| Its: | Chief Executive Officer and President, Chairman of the Board | ||
Dated: July 27, 2018
Exhibit 99.1
American Education Center Signs Letter of Intent with Shanghai Open University for the Implementation of Four International Certificate Projects in China
Certificate projects proposed include ESL Exams, LinkedIn Recruiter Certification, NCBHH Board Certified Home Health Medical Coder and American Council on Exercise Certifications.
NEW YORK, NY July 27, 2018/GLOBE NEWSWIRE/ –American Education Center, Inc. (“AEC” or the “Company”) (OTCQB: AMCT), an emerging growth company providing educational and career enrichment opportunities for Chinese students studying in the United States, announced today that it has entered into a non-binding letter of intent (“LOI”) with Shanghai Open University, a leading education group in China, for the implementation of four international certificate projects in China.
Pursuant to the LOI, AEC and Shanghai Open University agreed to work together on four international certification projects. The potential certificate projects proposed in the LOI include, English as a Second Language (ESL) Exams, LinkedIn Recruiter Certification, NCBHH Board Certified Home Health Medical Coder (BCHH-C), and American Council on Exercise Certifications.
Shanghai Open University is expected to be responsible for organizing student registration, conducting classes, and administering exams. AEC is expected to provide relevant materials to support the certification examinations, including examination requirements, teaching materials, teaching resources, etc., and is expected to be responsible for issuing certificates.
Max P. Chen, Chairman and Chief Executive Officer of AEC, commented, “Shanghai Open University currently has 110,000 students pursing degrees and approximately 500,000 non-degree students. This includes a distance learning system as well as a headquarters university, a municipal center, 17 community colleges, 216 town and sub district community schools, and more than 5,000 learning centers.”
Mr. Chen continued, “We believe the varied student base of Shanghai Open University can greatly benefit from our certificate offerings. We expect that our English as a Second Language materials will be especially attractive to Shanghai Open University students due to the demand for English language skills among the student body and many years of expertise developing catered learning materials.”
About American Education Center, Inc. (OTCQB:AMCT)
Headquartered in New York with operations in China, American Education Center, Inc. is one of the most experienced and recognizable comprehensive education advisory service companies in the United States. Our service offerings include customized placement advisory, career advisory, and student and family services advisory designed to address the demand of rising middleclass families in China for quality education and career experience in the United States. We prioritize personalized attention to students, our ability to place educators and students at top universities globally, and understanding the recruiting needs of top universities for international students and faculty, within a single organization. For more information, please visit: www.aec100.com.
About Shanghai Open University
Shanghai Open University (SOU), formerly known as Shanghai TV University, was founded in 1960. The university carries out modern distance education to adults through various media, such as printed materials, audio-visual materials, multimedia courseware and online courses based on computer networks and satellite TV network. It provides degree education programs, vocational training programs and cultural and recreational education programs as well. For more information, please visit: http://global.sou.edu.cn/overview/
Forward Looking Statements
This news 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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
Nancy Qin
American Education Center, Inc.
Phone: (212) 825-0437
Email:f.qin@aec100.com
Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com