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THE MYSTERY OF OPENING -ORANGE

IP: *.warszawa.cvx.ppp.tpnet.pl 19.09.03, 16:42
got this off of www.voila.fr - enjoy

Closing "of Opening English School"


Some 45.000 Spanish pupils of the private institute of English
course "Opening English School" could find themselves at the pithead if the
bankruptcy of the school were confirmed


"My Opening is closing" ("My Opening closed"), "First lesson: to rob, to
steal, to cheat "("First lesson: to conceal, fly, cheat"): they are some of
papers which dissatisfied pupils affixed on the frontage of a school of
Saint-Sébastien in the Spanish Basque Country. Officially on leave of
summer, the 74 schools that Opening has in all Spain will remain closed,
Monday September 2. While waiting, the company negotiates a credit of six
million euros with the administration and the banks in order to reinflate
itself.
Bankruptcy of the school, which had recruited its pupils using an important
advertising device and of telephone marketing, made scandal in Spain, pupils
of the academy of languages having to continue to pay courses which they do
not follow any more. A constraining measurement for the majority of the
pupils who finance their courses by the intermediary of a credit negotiated
near an autonomous financial entity, so that even if the company stops its
services, the pupils remain feet and fists related to the bank.

Another name
The fresh money injection would make it possible " to reopen centers (note:
closed at the beginning of August) within two week ", according to Rafael
Macia the general manager of the company domiciled in Barcelona (north-
eastern).
The carryforward of the re-entry of the classes, initially fixed at August
26, and threatens it to have to continue to pay for phantom courses, started
the anger of the pupils like that of the employees, 1.200, without wages
since May.
The head office of Opening suspended, it there has two months, all its
payments and trails behind it a debt of 30 million euros. Cinquante-neuf
other Opening centers functioning of frankness, expressed their will to
disunite head office and to continue to less exempt their courses with step
than 40.000 pupils. The 19 schools of frankness from Catalonia, which teach
the language of Shakespeare with 14.800 pupils, will thus continue their
activities under another name.
The judges must, as for them, to decide in the ten days to come to financial
measures claimed by Opening English School, which opened its first centers
in 1996 in Spain. According to its Internet site, there would be of them
currently 10 others in Italy, 7 in Portugal and one in Poland
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