×

Greenwood Hall Announces Strategic Investment From Lincoln Park Capital Fund, LLC

SANTA ANA, Calif., April 27, 2015 (GLOBE NEWSWIRE) -- Greenwood Hall Inc. (OTCQB:ELRN), a provider of technology-enabled student lifecycle management solutions that help colleges and universities increase revenue and improve student engagement and outcomes, today announced a strategic investment from Lincoln Park Capital Fund, LLC (LPC), a Chicago-based institutional investor.

"We are delighted to announce Lincoln Park Capital Fund's strategic investment in Greenwood Hall, which marks our second institutional investment this month," said John Hall, Ed.D, CEO of Greenwood Hall. "LPC has an excellent track record and is well-recognized for its long-term commitment to helping its partner companies. We believe this investment will add significant value to Greenwood Hall as we continue to focus on opportunities that position us for sustained long term growth."

About Greenwood Hall

Greenwood Hall is a provider of technology-enabled student lifecycle management solutions that help colleges and universities increase revenue and improve student engagement and outcomes. Since 2006, Greenwood Hall has developed customized turnkey solutions that combine strategy, people, proven processes and robust technology, to help schools effectively and efficiently improve student outcomes, as well as increase revenues and expand into new marketing channels, such as online learning. Greenwood Hall has served more than 40 education clients and over 70 degree programs.

For more information, visit http://www.greenwoodhall.com, follow us on Twitter @GreenwoodHall and Facebook at http://www.facebook.com/GreenwoodandHall.

About Lincoln Park Capital Fund, LLC (LPC)

LPC is an institutional investor headquartered in Chicago, Illinois. LPC's experienced professionals manage a portfolio of investments in public and private entities. These investments are in a wide range of companies and industries emphasizing life sciences, specialty finance, energy and technology. LPC's investments range from multiyear financial commitments to fund growth to special situation financings to long-term strategic capital offering companies flexibility and consistency. For more information, visit www.lpcfunds.com.

CONTACT: Media and Investor Relations: Beth Sackovich Financial Profiles, Inc. (310) 478-2700 bsackovich@finprofiles.com

Source:Greenwood Hall