Basically, if I understand this right, Forward Cody obtained millions of dollars of state money to erect the massive Eleutian Building. Then they "rent" it back to Eleutian for pennies to the dollar what it's real rent worth would be. With this new firm, Nagase coming in and supposedly buying a large chunk of Eleutian, I'm sure that Cody's expert business guru James Klessens had the foresight to inject some clause stating the Eleutian should immediately compensate Forward Cody for the massive difference in rent vs. real rent worth. Mr. Klessens has never started, owned or operated a business, but he is the go to business genius in Pork County, Wyoming. Don't worry, Klessens has this all under control. Meanwhile, Eleutian has been mystery 1 on the Cody business scene since their inceptionWe provide this community forum for readers to exchange ideas and opinions on the news of the day. Passionate views, pointed criticism and critical thinking are welcome. Name calling, crude Nike Cortez White Red Blue
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Eleutian Technology announced the sale in a release Friday but did not disclose the financial terms of the transaction.
Eleutian employs teachers to provide live online instruction to English language learners around the world.
If your comment was not approved, perhaps.
A Cody based teaching services and software company has sold part of its business to Nagase USA, a subsidiary of a Tokyo based education services company.
Nagase says it is interested in expanding its presence in Wyoming, Grady said in the release.
I dont know much about this situation but the fact that Eleutian employs teachers to provide live online instruction to English language learners around the world proves that they do a great job. Giving knowledge and helping people in all its manifestations is a great mission and modern technologies make it possible. People in different parts of the world can work with teachers from abroad and even fulfill tasks (search for help here get analysis essay assistance online ) But it is terrible when people mix education and business, to my mind they should exist separately and contact only for help. That big new office complex we built for them appears to be more empty than not on any given day. The building is owned outright by Forward Cody with paper approval from City of Cody , and leased back to Illusion. Forward Cody pays full commercial property tax on it. One interesting sidenote. one of Forward Cody's board members is also the same guy who manages a lot of the State of Wyoming's investments, quite successfully. His name is Bob Grady and he has this venture capital firm called Cheyenne Capital. I'm not saying he's a Wyoming Warren Buffet, but he did put $ 3 million of his own money into Eleutian / Illusion. First it was South Korea only ,then China, Thailand they were piping into. Now they've sold a chunk to Japan. At the end of the day they are w a a a y under the numbers they were promising.
Kent Holiday, Eleutian's founder, became a senior executive at Nagase USA as part of the sale, according to the release.
Grady said that Nagase was Eleutian's largest customer in Japan prior to the sale and that the transaction will provide capital for the next phase of Eleutian's business.
"It's a chance to bring in a strong financial partner who is in the English language business already," said Robert Grady,chairman of Eleutian's board of directors and a managing director at Cheyenne Capital Fund, Eleutian's largest investor.
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"As the world integrates and globalizes, there's tremendous demand for the world to learn English," Grady said.
YOU SHOUTED YOUR COMMENT IN ALL CAPS. This is hard to read and annoys readers.
You called someone an idiot, a racist, a dope, a moron, etc. Please, no name calling or profanity (or veiled profanity $%^ rambled, failed to stay on topic or exhibited troll like behavior intended to hijack the discussion at hand.
in a media release.
Craig Holiday, Eleutian's chief operating officer, will become Eleutian's president. The company plans to expand operations in China, Korea, the Middle East and other international markets,Holiday said Nike Wmns Classic Cortez Nylon
By offering online lessons in conversational English, Eleutian is filling a need for native English speaking teachers worldwide, he said.
the sale, Nagase will hire 40 of Eleutian's Wyoming teachers and 10 of its teacher trainers and managers, leaving about 300 teachers in Eleutian's teacher pool.
Wyoming education services firm sold to Japanese company
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