History
In 1973, roommates Kiyoshi Aki and Tsuneo Kusunoki founded the company AMVIC, an acronym of the phrase, "for AMbition and VICtory." The company would focus on foreign language studies.
Later, AMVIC International split into two divisions. Aki became the head of AMVIC Gaigogakuin (AMVIC 外語学院), which provided foreign language training for students. Kusunoki would assume control of the AMVIC Eikaiwa (AMVIC 英会話), which specialized in English language education for non-native speakers. In 1989, Kusunoki's branch of AMVIC International entered negotiations with Warner Pacific College to assume control of 49% of its physical plant for $6 million, a 30-year lease on the schools facilities, and a seat as a regent of the school.
Not long after, AMVIC International split into two separate companies, after the former partners developed differing visions of the company's future. Aki went on to create Aeon, focusing on language learning in Japan. Aki remains Aeon's president as of 2010 . Kusunoki created GEOS, focusing on global language learning with focus on English language education. GEOS filed for bankruptcy in April 2010.
Read more about this topic: GEOS (eikaiwa)
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