Peter Li Education Group Will Not Acquire ENC Focus
DAYTON, Ohio -- The Peter Li Education Group will not pursue its nonbinding letter of intent to acquire ENC Focus from ENC Learning.
"We are sad to announce that we have terminated our efforts to reach a contract agreement with ENC Learning," says Bret D. Thomas, president and publisher of the Peter Li Education Group. "The lack of clear lines of ownership is the sole reason we have decided not to pursue the acquisition. We remain open to future publishing endeavors and are actively seeking alternate mergers and acquisitions to grow our vibrant magazine division."
ENC Learning is transitioning from the Eisenhower National Clearinghouse, a federally funded organization, to a private corporation. ENC Focus, a magazine for K-12 science and math teachers, will remain a property of ENC Learning.
The Peter Li Education Group and Pflaum Publishing Group are the two divisions of Peter Li Inc., a national publishing and media company serving the K-12 and higher education markets since 1971. The Peter Li Education Group publishes four category-leading magazines -- CATECHIST, College Planning & Management, School Planning & Management, and Today' s Catholic Teacher.
Pflaum Publishing Group publishes the religious education periodicals The Pflaum Gospel Weeklies and other religious instructional books and supplemental materials.