egolinews.com

Navitas Limited (NVT) announced the execution of an educational affiliation agreement with Western Kentucky University for the establishment of a university pathway college at the university’s main campus. The company said the move into the US was a significant step in the global rollout of its business and academic models.

CEO, Rod Jones, said the company was committed to establishing a footprint in one of the world’s largest education markets and anticipates hat the new college would mature to operational break even within 18 months.

“By accessing the universities’ teaching and other facilities, as well as accommodation and administration amenities, we are able to minimise capital costs and maximise existing services for the benefit of our students,” Mr Jones said.

Navitas said the new college is due to open in September 2010.

At the close of trade Monday, Navitas shares were trading at $4.14.

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