As a result of this acquisition, Saudi Apheleon will now serve as a liaison between academic institutions throughout the world and students originating from the Kingdom of Saudi Arabia.  Saudi Apheleon will maintain correspondence and coordinate student activities with the institutions at which they matriculate. 

“We are excited about this acquisition,” said Ahmed Al-Rajhi, General Manager of Saudi Apheleon.  “There are more than more than 70,000 students from the Kingdom of Saudi Arabia studying at foreign academic institutions.  Now Saudi Apheleon will coordinate much of the communication processes amongst the students and these academic institutions, improving the experience for all involved.”

"We are gratified that Saudi Apheleon has turned to us to assist them in this matter,” noted Seth Elliott, a partner at Apheleon.  “We are honored to assist the Kingdom of Saudi Arabia and its students as they continue their academic careers. ”

Apheleon is a broad based consultancy providing business advisory, capital markets, distribution, joint venture formation and risk and recovery services to a diverse global client base.  Apheleon also advises companies seeking to transact business in the Kingdom of Saudi Arabia.  Apheleon has offices in Ft. Lauderdale, Florida; London, England; and Riyadh, Saudi Arabia.  For more information, please visit the firm’s website at www.apheleon.com. 

"Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.

Contact:

Apheleon USA                                     Saudi Apheleon

 Seth Elliott, Partner                             Eng. Ahmed Al-Rajhi, General Manager

Apheleon, LLC                                     Saudi Apheleon

401 E. Las Olas Blvd.                           PO Box 33532

 Suite 1400                                           

 Ft. Lauderdale, FL 33301                   Riyadh 11458

 USA                                                     Kingdom of Saudi Arabia

 +19543695710                                     +96614069229

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