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Jun 11, 2009

Fueling Job Growth in Rural America: Eleutian Technology Purchases Land for New Headquarters Facility and Residential Housing Development

TEN SLEEP, Wyo., June 10, 2009 /PRNewswire via COMTEX/ -- Eleutian Technology has completed a 40-acre land purchase west of Ten Sleep, Wyoming on Highway 16. The acquisition marks a strategic milestone for the company's executive team who is committed to providing quality jobs and growing their core business in rural America.


The parcel will be the future home of Eleutian's Global Headquarters and will include a residential development intended to provide for the increased demand for housing that the company will fuel. Since 2007, the headquarters has grown from just 2 employees to 18. The company's worldwide payroll is expected to grow from the current 350 employees to several thousands in the next 5 years. To support a global enterprise, the future corporate facility will house more than forty finance, technology, operations and sales professionals as well as the company's executive team.


Eleutian Technology CEO, Kent Holiday commented, "The company's land purchase and the future building of our corporate offices in Ten Sleep has been in the works for some time and will provide for core support functions that will be required as we build out our global business. It also reaffirms a partnership we have with rural America, and specifically with the State of Wyoming. We look forward to continuing to build jobs in rural America during a time when jobs are difficult to find across the nation."

Terms of the purchase were not disclosed, but Eleutian's executive team plans to be ready to break ground on the new corporate headquarters in 2010.


About Eleutian Technology: Eleutian Technology is a premier, global provider of language teaching which pairs an evidence-based curriculum and one-on-one conversation lessons with certified American school teachers. A respected pioneer in the rapidly growing e-learning industry, Eleutian's customers include some of the world's largest global companies as well as universities throughout Asia and Europe. The company also serves elementary and secondary schools worldwide. Headquartered in Ten Sleep, Wyoming and with offices in Korea and soon to be in Japan, Eleutian serves a global client base. Visit http://www.eleutian.com for more information.


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