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Indian students look to tech companies for education #edtech $BTRU.ca #betterU $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 11:59 AM on Wednesday, December 6th, 2017

  • Byju’s, has attracted more than 500,000 subscribers for its interactive online courses, aimed at children aged 10 to 18, with a mixture of video lessons and game-based practice.
  • “For the next generation, learning from a screen is a primary habit,” says Mr Raveendran, after demonstrating one of his colourful learning games on a tablet
  • Raised more than $200m from investors including US venture capital firm Sequoia Capital and China’s Tencent, which invested at a valuation of about $800m in July
  • Most prominent of a wave of Indian companies in the booming market.

Simon Mundy in Bangalore and Amy Kazmin in New Delhi December 3, 2017 3 Byju Raveendran smiles proudly as he shows off a video of his biggest ever live performance, when 24,000 young Indians crammed into New Delhi’s Indira Gandhi Stadium to hear his tips on high school maths. The young tutor’s star status reflects the huge importance attached to educational qualifications in India, where millions of high-schoolers compete for a limited number of places in well-known colleges that are seen as virtual guarantees of well-paid employment. But these days, Mr Raveendran is sparing little time for live sessions to focus on his core business: educational technology.

Since 2011, his company, Byju’s, has attracted more than 500,000 subscribers for its interactive online courses, aimed at children aged 10 to 18, with a mixture of video lessons and game-based practice. “For the next generation, learning from a screen is a primary habit,” says Mr Raveendran, after demonstrating one of his colourful learning games on a tablet. Byju’s – which has raised more than $200m from investors including US venture capital firm Sequoia Capital and China’s Tencent, which invested at a valuation of about $800m in July – is the most prominent of a wave of Indian companies in the booming market.

A report in May by KPMG and Google estimated that the country’s online education market generated sales of $247m last year, and predicted that this figure would grow to $1.96bn by 2021. While much of the current market is made up of professional training software, the report predicted that providers of primary and secondary “supplemental education” would become the biggest segment with sales of $773m.

A key driver, it said, would be burgeoning demand in mid-sized cities, where parents view their children’s success in school exams as a critical step towards upward mobility. “Only a quarter of our users are from the top ten cities. Students in smaller towns are even more aspirational, because they know the only way to make it is through education,” says Mr Raveendran, who grew up in a small south Indian village and learned English by listening to cricket commentary. In a room at the company’s Bangalore headquarters, dozens of employees are creating learning materials that range in sophistication from talking animated numerals for early maths students, to three-dimensional models of chloroplasts for high-school biology tutorials.

The slickly produced videos are driving demand for Byju’s offerings, with prices for a one-year course starting at Rs23,000 ($355) — nearly a fifth of India’s per capita gross domestic product. While the frugality of Indian consumers has been a headache for other internet companies, Mr Raveendran argues that digital education is viewed differently by parents already investing heavily in private schooling or tuition. For some Indian ed-tech companies, foreign markets have been more lucrative. Altaf Rehmani founded TinyTapps in 2015 to produce a suite of apps aimed at children under the age of six.

Its biggest markets have been the US and the UK, but Mr Rehmani hopes to capture more of the attention of domestic customers. “If you can prove that the product sells well outside India, then Indians will be more willing to buy,” Mr Rehmani says. “People in India are very brand-conscious.” Recommended Virtual tutors help India fill education and skills gaps India’s ‘islands of excellence’ distract from gaps in basic learning Foreign investors give Indian tech start-ups a boost Many lower-income Indian parents are faced with the more fundamental challenge of securing a basic education for their children, with public schooling undermined by overcrowded classrooms and undertrained teachers.

In 2016, only 43 per cent of Indian third-grade students were able to read a text designed for first-graders, according to educational charity Pratham. “Parents in any country have an outsized influence on a child during early childhood, and in India there are over 150m women who are illiterate,” says Sneha Sheth, co-founder of Dost Education, a non-profit organisation. Yet many illiterate Indians use mobile phones, and even the basic call function can be a powerful technological tool for education in poor households, Dost says. For Rs200, Hindi-speaking parents can call up daily to access Dost’s six-month audio course which guides them through simple exercises to support the mental development of small children, such as comparing the sizes of household objects.

But while most ed-tech enterprises in India are currently focusing on winning business from students and their families, some of the biggest opportunities will come from getting technology into schools, says Prachi Jain Windlass, a director at the Michael & Susan Dell Foundation, which has invested in several Indian ed-tech companies. Among them is ConveGenius, a producer of tablet devices loaded with learning materials in one of five Indian languages that are being used in schools on a trial basis.

ConveGenius has been overhauling its product since commissioning third-party research indicating that it made less impact on stronger students than on weaker ones, says founder Jairaj Bhattacharya. Such deep research is increasingly expected of entrepreneurs in this field, who face growing pressure from investors to demonstrate the efficacy of their technology in improving student performance, Ms Windlass says. “Before, technology was an end in itself,” she adds. “The assumption was that because kids find digital content engaging and entertaining and that they are watching, they are learning. That has changed.”

Source:https://www.ft.com/content/3e196c42-bd35-11e7-b8a3-38a6e068f464

FEATURE: betterU $BTRU.ca Connecting Global Education with the Indian Marketplace, Recently Executed LOI for $100M Equity Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 10:22 AM on Wednesday, December 6th, 2017

 

CONNECTING GLOBAL EDUCATION WITH THE INDIAN MARKETPLACE

betterU Education Corporation Executes on Binding Letter of Intent for US$100 Million Equity Investment From a Hong Kong Based Investment Group

  • Entered into a binding letter of intent with Treasure Union Limited, a private company established and based in Hong Kong, China for an equity investment of $100 Million USD financing
  • US$3.00 per common share
  • Investment is scheduled to close on or before March 15th, 2018

WHY BETTERU EDUCATION?

  • The ONLY Global Education Marketplace Serving India
  • betterU Partners With Adobe to Deliver Leading Digital Experience Programs in India
  • Capitalizing On Mobile Payments Structure Others Unable To Provide
  • Unique Ability To Collect From 200 Different Payment Methods in India
  • As A Result, Leading Global Online Education Providers Use BetterU
  • BetterU Receives 20 – 50% Of All Revenues Generated
  • Indian Government Mandate To Educate 500 million by 2022
  • Executed MOU with the Telecom Sector Skill Council to jointly support both organizations’ efforts towards the skilling of millions of professionals across India’s Telecom sector Read More

“There are many significant barriers for doing business in India and it took betterU over 3.5 years to put in place all the pillars required to support the world’s online educators. These barriers are making it difficult for other online educators to do business in India.”

betterU Education Corporation $BTRU Extends Letter of Intent Deadline to Complete Definitive Agreement for $10 Million Media Investment With #Hindustan Times $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 11:05 AM on Friday, December 1st, 2017

Betteru large

  • Agreed with Hindustan Times to extend the deadline date from December 1st, 2017
  • As outlined in the Letter of Intent announced October 3rd, 2017 to a closing date on or before December 15th, 2017 for the Definitive Agreement with HT Overseas Pte. Ltd

OTTAWA, Dec. 01, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), has agreed with Hindustan Times to extend the deadline date from December 1st, 2017 as outlined in the Letter of Intent announced October 3rd, 2017 to a closing date on or before December 15th, 2017 for the Definitive Agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HT”). The delay for completion of the Definitive Agreement is related to the recent halt of the Corporation’s shares which have be released for trading today.

Up to $10 Million in media investment will to be utilized over 2 years to provide betterU’s marketplace with an increased visibility and brand awareness to millions of people across India. The Corporation is expected to start using the first tranche of $1.25 million in marketing dollars January 2018.

The proposed media investment will be made in eight (8) equal tranches of CAD $1.25 Million. Each Tranche shall result in HT receiving common shares (the “Shares”) in the capital of betterU from treasury. The Shares shall be issued at a price equal to the volume weighted average price of the Shares on the facilities of the TSX Venture Exchange (“TSXV”), calculated by dividing the total value by the total volume of Shares traded for the thirty (30) days ending on the day which is one trading day prior to the date of issuance, or such higher price as the TSXV may require.

The obligations of HT and betterU to complete the proposed media investments are subject to approval from TSXV for each of the individual tranche transactions.

About HT Media

HT Group has built a Pan India reach via its various print, radio and digital properties. The combined reach is an astonishing ~10% of Indian population. In print alone, HT Group’s Hindustan Times (English medium); Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million. This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt. This is further complemented by HT’s digital presence including hindustantimes.com; livehindustan.com; livehindustan.com; desimartini.com and shine.com.

Geographically, HT Group has the following reach:

  • In West, HT is able to reach 7 million population in Mumbai through their highly recognised Brands in Print(HT/Mint), Radio(Fever/Nasha) & Digital.
  • In North, HT Group’s mediums directly touch “8 out-of every 10” population in Delhi NCR. Print readership of around 4.3 million complemented by leading radio channels such as 104 Fever and 107.2 (giving an additional audience of 8.1 million) makes HT Group a clear leader in the Delhi NCR region.

Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.

About betterU

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 several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, 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.

www.betterU.ca and www.betterU.in

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. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit http://www.betteru.ca/investor-overview/

Brad Loiselle
President and CEO
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Investor contact:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

betterU Education Corporation $BTRU.ca Provides Stock Halt Update

Posted by AGORACOM-JC at 11:21 AM on Tuesday, November 14th, 2017

Betteru large

  • Provides update in regards to the extended stock halt
  • Corporation is expecting that the halt to the stock will be lifting shortly and that the business will continue forward as normal

OTTAWA, Nov. 14, 2017 – betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), would like to provide an update in regards to the extended stock halt from trading of betterU.

On October 19th, 2018 at the request of the Corporation, management of betterU contacted the Investment Industry Regulatory Organization of Canada (IIROC) and the TSXV with details of a pending press release. Due to the significantly material nature of the proposed financing, the Corporation decided to ensure that all governing bodies should be involved in the understanding of the deal prior to any detailed market disclosures. As the binding letter of Intent was considered material, it was determined by the board that it needed to be announced, subject to additional validations.

Over the last three weeks, the Corporation’s leadership has been working with the TSXV in outlining the nature of the deal, how the opportunity came about, providing details for who the participants involved are, validation of fund capacity of the investor and what the required disclosures of the business and the announcement for the market should include. Currently the Corporation is completing final validation. These efforts made are for the best interest of the market and the Corporation’s shareholders. It is part of our responsibility to ensure validation for any such significant material news that can affect positively or negatively in the market.

The Corporation is expecting that the halt to the stock will be lifting shortly and that the business will continue forward as normal.

About betterU

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 several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, 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.

www.betterU.ca and www.betterU.in

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. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  http://www.betteru.ca/investor-overview/

Investor contact:

Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

betterU Education $BTRU is Awarded Contracts From Several Additional India Corporations to Support Their Training Needs $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 12:44 PM on Wednesday, November 8th, 2017

Betteru large

  • Awarded contracts from both Blue Star India and Evry India to support their employee training programs
  • 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
  • Evry India Pvt ltd is a part of Norwegian company called Evry ASA (www.evry.com) which has revenue over one billion USD;
  • Globally over 10,000 employees with over 2,500 in India

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.

https://www.bluestarindia.com

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.

About betterU

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.

www.betterU.ca and www.betterU.in

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.

INTERVIEW: betterU $BTRU.ca Discusses Letter of Intent for US$100 Million, $3/Share Equity Investment From a Hong Kong Based Investment Group

Posted by AGORACOM-JC at 5:36 PM on Friday, November 3rd, 2017

betterU Education Corporation $BTRU.ca Executes on Binding Letter of Intent for US$100 Million Equity Investment / $3 Per Share From a Hong Kong Based Investment Group

Posted by AGORACOM-JC at 10:20 AM on Friday, November 3rd, 2017

Betteru large

  • Entered into a binding letter of intent with Treasure Union Limited, a private company established and based in Hong Kong, China for an equity investment of $100 Million USD financing
  • US$3.00 per common share
  • Investment is scheduled to close on or before March 15th, 2018

OTTAWA, Nov. 03, 2017 – betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has entered into a binding letter of intent (“LOI”) with Treasure Union Limited (“TU”), a private company established and based in Hong Kong, China for an equity investment of $100 Million USD financing (the “Investment”) at US$3.00 per common share (the “Share Price”) in the capital of the Corporation (the “Shares”). The Investment is scheduled to close on or before March 15th, 2018. Closing will be subject to certain conditions, including the Corporation and TU entering into a definitive agreement (the “Definitive Agreement”) which is anticipated to be entered into by November 15th, 2017, the approval of the TSX Venture Exchange (“TSXV”), betterU’s shareholder approval (as described below) and any other necessary approvals for the completion of the Investment.

TU is a private company incorporated and based in Hong Kong, China. It will be the managing partner for the US$10 billion private investment fund (the “Fund”) used to support companies such as betterU. The Fund, which has yet to be set-up, will be established for launch in North America by January 2018. TU is managed by Kenny Ho, a Canadian citizen. The terms that TU has agreed to in the binding LOI have been agreed to on behalf of the proposed Fund and will be subject to confirmation and agreement by the ultimate investor(s). The Fund will establish an investment vehicle in the Cayman Islands to support the disbursement of the funds to select North American target companies by early 2018. The closing expected to be on or before March 15th, 2018 is subject to the following events, which will trigger an announcement to the market by the Corporation:

(1)  Completion of the definitive agreement November 15th, 2017;

(2)  Completion of the Fund set-up in the Cayman Islands by January 15th, 2018;

(3)  Completion of the closing documents on or before March 15th, 2018.

The participants in the Fund are a group of private, high net worth investors based in China. The investment mandate of the fund is to invest in high growth public and private companies from North America involved in humanitarian sectors including education, healthcare and information technology.

After numerous discussions over the last several months and a formal presentation held in Guangzhou, China in early October, betterU was selected for an investment of US$100 million. In determining the purchase price, while significantly higher than the market price, TU agreed, after performing due diligence of the Corporation, that the inherent value of the Corporation was much higher than what was reflected in the market. Due to the number of contracts, global partnerships, technology, leadership, first market advantage and more, the Corporation demonstrated that the purchase price was justifiable. “betterU has an exciting story and significant growth opportunity ahead of them. With proper capitalization there is an opportunity for the company to become a global leader. We are looking forward to moving this agreement to closure and having a great 2018 together,” said Kenny Ho, CFO, Treasure Union Limited.

In connection – conjunction – with the Corporation’s due diligence, TU has agreed to provide the Corporation with confirmation that it has the required funds for making the Investment prior to entering into the Definitive Agreement. The Corporation has also agreed with TSXV that the stock will remain halted until satisfactory receipt of Proof of Funds (the “PoF”) by TU supporting the $100 million USD financing. The PoF is expected to be received from TU within the following week at which point, upon TSXV approval, the stock will begin trading.

Pursuant to the terms of the Definitive Agreement, betterU and TU have agreed to the following additional key terms:

(1) if the market price of the Shares increase above the Share Price prior to closing, the Corporation and TU will adjust the Share Price to match the purchase price equal to the market price less a 15% permitted discount under the rules of the TSXV. Under such circumstances, TU would be entitled to a certain number of warrants approved by the Board and the TSXV to account for the adjustment in the Share Price. Each whole warrant shall be entitled to acquire one Share at a price to be determined and with an expiry date in accordance with the rules of the TSXV;

(2) TU will be entitled to nominate two directors to the board of directors of the Corporation (the “Board”). George Mueck, a business associate of TU located in Toronto Canada and a Canadian citizen has been selected as one of the board members. The second board member will be determined later;

(3) TU has agreed to enter into a voting agreement with the CEO and Founder of the Corporation, Brad Loiselle (“Loiselle”), pursuant to which TU shall agree to designate Loiselle as their proxy for voting all of its Shares in respect of appointments to the Board for a period of five years from the closing date of the Investment;

(4) TU has agreed not to sell or otherwise dispose of any of its Shares for a period of five years, save and except in the event of a potential change of control transaction; and

(5) betterU shall grant TU a right of first refusal which shall provide TU with the right to match any offer made by a third party for all or substantially all of the shares of the Corporation pursuant to a negotiated acquisition.

Upon closing of the Investment, the Fund will acquire beneficial ownership or control over 20% of the issued and outstanding Shares of betterU and be deemed to be a “control person” under the rules of the TSXV. The details of this vehicle will be provided to shareholders in advance of seeking shareholder approval for the proposed financing. The Investment, therefore, is subject to the approval of the majority shareholders of betterU. TU will be considered an “insider” of betterU pursuant to the rules of the TSXV and under applicable securities law, as such TU shall be required to complete and file the requisite personal information form(s) which shall be reviewed and approved by the TSXV as part of the Investment.

An investment of this size will go a long way in supporting the growth of betterU’s asset-light Global Education Marketplace and the Corporation’s vision to provide education to all. The investment will serve to advance the Corporation’s strategic short-term and long-term priorities and along with their growth plans could position the Corporation as a leader for the mass education in emerging markets. Educating the masses requires a platform that can aggregate the world’s leading education, assessments, job roles and support programs into one cohesive country specific ecosystem. This combined with multi-level, multi-category education delivered across different types of learning pedagogy, levels of affordability, technology capabilities, internet connectivity and employment alignment are many of the areas betterU has been focused on supporting.

The Investment is subject to a number of conditions and there is no guarantee that the Investment will close. Upon completion and receipt of funds, the Corporation plans on expanding its core operations in both Canada and India along with increasing offices in North America, Europe, Asia Pacific and Australia / NZ. India will remain the Corporation’s primary focus for 2018 putting in place the infrastructure and teams to support significant growth within the country as well as preparation for global expansion. By early 2019, the Corporation further plans to grow its operations across many emerging markets leveraging its centralized core operations within Canada and India. “I am very proud of the efforts made by our global team over the years putting in place all the required partnerships, technology and opportunities that have created betterU’s education-to-employment ecosystem, supporting education for all. This investment will enable our company to advance our global efforts even further at a level that will have real positive global impact. It is a very exciting time to be part of betterU!” said Brad Loiselle, President / CEO of betterU.

About betterU

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 several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, 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.

www.betterU.ca and www.betterU.in

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. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  http://www.betteru.ca/investor-overview/

Investor contact:

Gurinder Sandhu,
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

FEATURE: BetterU $BTRU.ca Focusing on #India, a High-Growth #Edtech Market, to Drive Large Sales with Strategic Partnerships #Adobe $ADBE

Posted by AGORACOM-JC at 4:25 PM on Wednesday, October 18th, 2017

BTRU: TSX-V

CONNECTING GLOBAL EDUCATION WITH THE INDIAN MARKETPLACE

WHY BETTERU EDUCATION?

  • The ONLY Global Education Marketplace Serving India
  • betterU Partners With Adobe to Deliver Leading Digital Experience Programs in India
  • Capitalizing On Mobile Payments Structure Others Unable To Provide
  • Unique Ability To Collect From 200 Different Payment Methods in India
  • As A Result, Leading Global Online Education Providers Use BetterU
  • BetterU Receives 20 – 50% Of All Revenues Generated
  • Indian Government Mandate To Educate 500 million by 2022
  • India Expecting To Double Online Education From $20B to $40B
  • Executed MOU with the Telecom Sector Skill Council to jointly support both organizations’ efforts towards the skilling of millions of professionals across India’s Telecom sector

FEATURE: betterU $BTRU.ca Partners With Adobe $ADBE #edtech #Education #India

Posted by AGORACOM-JC at 2:29 PM on Thursday, October 5th, 2017

Betteru large

CONNECTING GLOBAL EDUCATION WITH THE INDIAN MARKETPLACE

WHY BETTERU EDUCATION?

  • The ONLY Global Education Marketplace Serving India
  • betterU Partners With Adobe to Deliver Leading Digital Experience Programs in India
  • Capitalizing On Mobile Payments Structure Others Unable To Provide
  • Unique Ability To Collect From 200 Different Payment Methods in India
  • As A Result, Leading Global Online Education Providers Use BetterU
  • BetterU Receives 20 – 50% Of All Revenues Generated
  • Indian Government Mandate To Educate 500 million by 2022
  • India Expecting To Double Online Education From $20B to $40B In 2017

betterU $BTRU.ca Partners With Adobe $ADBE to Deliver Leading Digital Experience Programs in India

Posted by AGORACOM-JC at 9:21 AM on Thursday, October 5th, 2017

Betteru large

  • Entered into an agreement with Adobe to drive and promote Adobe’s self-paced education programs to the India market through betterU’s Global Education Marketplace

OTTAWA, Oct. 05, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”) is pleased to announce that it has entered into an agreement with Adobe to drive and promote Adobe’s self-paced education programs to the India market through betterU’s Global Education Marketplace.

betterU continues to support India by working together with leading educators from around the world, offering top quality education to advance the skills of the population. “Skilling up millions of people requires a collective collaborative approach that focuses on bringing together all relevant educational services and content partners onto one delivery system. Adobe is yet another great example of leaders working to support India’s educational needs,” said Bradley Loiselle, President and CEO, betterU.

“The Government’s Digital India initiative has bolstered stronger broadband connectivity throughout India, and resulted in significant uplift in the creation of jobs across industries including IT and Telecom, both directly and indirectly. Digital India has also led to an increasing focus on delivering compelling digital experiences, thus adding to the demand for skilled professionals on leading technologies by companies like Adobe. betterU’s programs on Adobe Experience Manager and Adobe Analytics will enable skills development towards the Digital India initiative, and drive wider reach of Adobe’s educational programs across industries such as health, education, IT, agriculture, banking and more,” said Kulmeet Bawa, Managing Director – Adobe South Asia.

betterU is partnering with Adobe to help upskill the next wave of digital talent in the market. Self-paced learning from Adobe Digital Learning Services on Adobe Experience Manager and Adobe Analytics for web experience authors and digital analysts will now be available through betterU’s Global Education Marketplace.  “Adobe Digital Learning Services is engaged with both partners and industry to help people deliver digital experiences through skills and enablement programs. Our partnership with betterU helps us address the skills and talent shortage in the market,” says Kim Peretti, Global Head of Adobe Digital Learning Services.

About Adobe

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

About betterU

betterU, an online education technology company, aims to provide access to quality education from around the world in order 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 ecosystem. betterU’s offerings can be categorized into four broad functions: to complement 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.

www.betterU.ca and www.betterU.in

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 as a result 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.

For further information, please visit

http://www.betteru.ca/investor-overview/

Investor contact:

Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca