American Education Center Inc. (OTCQB:AMCT) ("AEC") entered into a business purchase agreement to acquire a 51% stake in American Institute of Financial Intelligence LLC (‘AIFI’) from FIFPAC Inc. for $0.05 million on July 10, 2018. The purchase consideration comprises 0.1 million shares of AEC common stock which were issued on July 10, 2018. FIFPAC has agreed to hold the consideration shares for 180 days following the issuance date before selling any or all portion of the shares. Following the closing of the deal, AEC is expected to provide marketing services to AIFI. American Education Center Inc. (OTCQB:AMCT) completed the acquisition of a 51% stake in American Institute of Financial Intelligence LLC from FIFPAC Inc. on July 10, 2018.