The Only Education Marketplace In India Serving 1.3 Billion Potential Customers
Definitive Agreement Signed to Complete US$100M Equity Investment in betterU
Message: betterU Education Corporation is Awarded Contracts From Several Additional India Corporations to Support Their Training Needs
OTTAWA, Nov. 08, 2017 - betterU Education Corp. (the “Company” or “betterU”), is pleased to announce that they have been awarded contracts from both Blue Star India and Evry India to support their employee training programs. betterU will work with Blue Star to transform their content to an online program helping advance their training across human resources, sales, manufacturing processes and technical. betterU is also working with Evry India to provide instructor-led programs to their software engineers in react Native and Redux training. In additional to the customized corporate programs, betterU will also continue to support both companies in their growth requirements through its library of training programs and partners available on its global education marketplace.
The combined opportunity value for these new initiatives are approximately $100,000. Our enterprise sales team continues to achieve great successes in developing relationships with some of India’s largest corporations. While only launching betterU’s corporate programs a few months back, betterU has in this short period not only closed many such corporate accounts, but has also received repeat business from several Corporates including Central Bank of India and Dimension Data. Each order for instructor-led training ranges between $1,000 to $3,500 on average. While many of these orders are Instructor-led leadership & technology training programs, it aligns with one of betterU’s objectives for establishing a national network of trainers and developers to support the need for both online and offline training. These corporate contracts will continue to grow in frequency and size as betterU advances its relationships with the corporations as well as its team and support programs.
“We continue to advance our marketplace by putting in place key partnerships and infrastructure to support the education needs of the country. Learning is not simply one line of business or a single method of delivery, it is a multitude and collection of learning options. As a global education marketplace, it is important that we can supply and support variable learning programs across offline, online, custom development and more. Our ability to adapt to the needs of the market as it matures is what we will make our company even better and stronger for the future”, said Sameer Vatsa, India’s Country Head for betterU Education Corporation.
About Blue Star
Blue Star is India's leading air conditioning and commercial refrigeration company, with an annual revenue of over US$ 681 million, a network of 35 offices, 5 modern manufacturing facilities, 2700 employees, 2200 dealers and 600 retailers. Blue Star's integrated business model of a manufacturer, contractor and after-sales service provider enables it to offer an end-to-end solution to its customers, which has proved to be a significant differentiator in the market place.
About Evry India Pvt ltd.
Evry India Pvt ltd is a part of Norwegian company called Evry ASA (www.evry.com) which has revenue over one billion USD. Globally they have over 10,000 employees with over 2,500 in India. Evry India offers IT consulting and Services solution.
betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ‘education-to employment’ ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
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