American Legacy Magazine looking for another investor relationship
(December 21, 2009) RJR Communications, Inc. announced today that it is seeking new investors for the company which includes its flagship publication American Legacy. “We recently had a deal pending with an investment group that unfortunately could not follow through on their commitment and therefore at this time must discuss our investment opportunity with other interested parties” said Rodney J. Reynolds, founder and publisher of the magazine.
For nearly fifteen years American Legacy has been educating and entertaining its more than 2 million readers with in-depth stories of African-American history and culture. Over the years the magazine has developed several ancillary products which include a television program, children’s magazine, a black history curriculum guide and most recently, a board game based on the magazine. The magazine also has produced an 18-wheel mobile truck exhibit that has toured numerous cities across America.
The company announced in November that advertising pages and revenue were trending up in 2009 despite the economy and major changes in the media industry.
American Legacy magazine is distributed nationwide to over 2.25 million readers through black churches, educational and cultural institutions. Also available on newsstands and through paid subscriptions, American Legacy is owned by RJR Communications, Inc. In addition to the magazine, other brands include American Legacy’s Black History Curriculum Guide and its “Know Your History” board game.