Berlitz International Inc – ‘8-K’ for 8/28/97 – EX-3

As of:  Thursday, 9/11/97   ·   For:  8/28/97   ·   Accession #:  950142-97-755   ·   File #:  1-10390

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     14K 
 2: EX-2        Credit Agreement                                     114    421K 
 3: EX-3        Press Release                                          1      6K 

EX-3   —   Press Release

                                                                       Exhibit 3

[Press Release Stationery of Berlitz International, Inc.] 

Contact: Henry D. James, Executive Vice President and                           
Chief Financial Officer - Telephone (609) 514-3024                              

FOR IMMEDIATE RELEASE                                                           

BERLITZ INTERNATIONAL, INC. ACQUIRES
ELS EDUCATIONAL SERVICES, INC.

PRINCETON, N.J., August 28, 1997 - Berlitz International, Inc. ("Berlitz")      
(NYSE:BTZ) has completed the acquisition of ELS Educational Services, Inc.      
("ELS"), a privately held provider of intensive English language instruction,   
for a cash purchase price of $95.0 million. The acquisition was announced on    
July 23, 1997.                                                                  

Financing for the transaction, and simultaneous refinancing of existing long    
term debt in a total amount of $165.0 million, was provided by NationsBank, N.A.
Goldman Sachs & Co. acted as financial advisors to Berlitz. Montgomery          
Securities acted as financial advisors to ELS.                                  

Berlitz is the world's premier language instruction firm providing instruction  
and translation services in 38 countries throughout the world. The Company also 
publishes Berlitz travel guides, foreign language phrase books, and home study  
materials which include CD-ROM, video and audio products.                       

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
		9/29/97
Filed on:		9/11/97
For Period End:		8/28/97		8-K/A
		7/23/97		8-K
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