Agoracom Blog Home

Posts Tagged ‘education’

betterU Education Corporation $BTRU.ca Provides Update on $100 Million Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 12:03 PM on Tuesday, January 16th, 2018

Betteru large

  • Provides an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share
  • Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed

OTTAWA, Jan. 16, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), would like to provide an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share from an overseas private investment fund.

The Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed. betterU management received confirmation and further details from the investment group on January 3rd and again on January 9th 2018 that they are advancing with all milestones and will provide the Corporation with verification of account details and validation of Fund capacity upon completion. The Corporation is expecting completion of the process within the next couple of weeks.  Remaining actively involved with the investment group, betterU remains confident that the completion of all agreements and receipt of the funds will still be on or before March 15th, 2018.

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.

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.

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 Corp. $BTRU.ca Increases Core Leadership and Expands Global Footprint to Western Europe $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:21 AM on Monday, January 8th, 2018

Betteru large

  • Begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018
  • Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships

OTTAWA, Ontario, Jan. 08, 2018 – betterU Education Corp. (the “Corporation” or “betterU”) is pleased to announce that it has begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018.  Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships. Mr. Strub will operate in Switzerland and report to betterU’s President and CEO until the Corporation has completed the recruitment process for their Chief Operating Officer which is also expected to be completed by February 2018.

Mr. Strub has extensive experience in management and business development with a spark for entrepreneurship. He holds a Master’s degree in Banking & Finance from the University of St. Gallen and a Bachelor in Economics & Business Administration from the University of Zurich, Switzerland. For the last 6 years he has worked in the financial services industry and has a successful track record in leading both strategy development & executing on projects in various countries across Europe, Asia, the Americas and the Middle East. “I am always on the lookout for good talent having both intellectual and emotional intelligence, hardworking, pleasant to work with and of course has a passion to make a difference in people’s lives. Building a business such as betterU requires dedication and strategic thinkers who are passionate every day. I knew the first time I met Stefan that he had the qualities to not only fit within our culture, but also help us grow our partnerships in Western Europe,” said Brad Loiselle, President and CEO of betterU.

Having the right leaders in place to support resource acquisition and management is critical and Mr. Strub is part of this support. Upon completion of the funding, over the course of 2018, the Corporation plans to hire several hundred additional resources which would include:

  • resources for the expansion of their Canadian head office’s core IT, financial, M&A, brand, creative, global management and governance teams.
  • resources across the USA, Europe and Australia focused on partnership development to support betterU’s marketplace services.
  • resources in India to support the maintenance and growth of betterU’s marketplace, additional Ed-Tech initiatives, national marketing campaigns, business development, operations and overall to provide global support services.

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’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its 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.

On behalf of the Board of Director,
better Education Corp.
Brad Loiselle, CEO

For further information:

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

betterU $BTRU Executes on Definitive Agreement With One of India’s Largest Media Conglomerates for a $10 Million Media Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:42 AM on Thursday, December 21st, 2017

Betteru large

  • Announce that it has completed the Definitive Agreement with HT Overseas Pte. Ltd. for a media investment of up to $10 Million to be utilized over 2 years.
  • Investment will provide betterU’s marketplace with increased visibility to millions of people across India

OTTAWA, Dec. 21, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has completed the Definitive Agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HT”) for a media investment of up to $10 Million to be utilized over 2 years. The investment will provide betterU’s marketplace with increased visibility to millions of people across India.

The initial tranche of equity investment will consist of betterU receiving use of $1.25 million worth of the media investment in exchange for HT receiving 3,205,128 common shares of the Corporation at $0.39 per share subject to approval by TSXV.

The roll out of betterU’s mass marketing campaigns will commence January 2018 and media campaigns will focus on building national exposure for betterU’s marketplace in India as well as supporting their education, corporate and employment partners, brand awareness and user acquisition strategies. Each $1.25M media investment will support marketing efforts over a period of one quarter. These campaigns are expected to run weekly across India’s top cities supported by a variety of HT’s media platforms.  “This increase in media visibility will not only drive more awareness to betterU’s global education marketplace, but it will also help support the country’s transformation with access to quality global education,” said Brad Loiselle, President and CEO of betterU.

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’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its 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

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 Education, Canadian Embassy and NASSCOM, Held Discussions for the Purpose of Partnering to Help ‘Skill Up’ Millions of People Across India’s IT-ITes Sector $BTRU.ca

Posted by AGORACOM-JC at 8:56 AM on Tuesday, May 2nd, 2017

Betteru large

  • Entered into discussions with NASSCOM / IT-ITes SSC
  • Partnering to support the country’s requirements for skilling millions of IT professionals across the IT sector
  • Discussions were held at NASSCOM’s head office in Noida, India on Friday April 28, 2017
  • Mr. Brian Parrott, Minister Commercial and Sr. Trade Commission Services from the Canadian Embassy was also present

OTTAWA, ONTARIO–(May 2, 2017) – betterU Education Corp. (TSX VENTURE:BTRU)(FRANKFURT:5OGA) (the “Company” or “betterU”) is pleased to announce that it has entered into discussions with NASSCOM / IT-ITes SSC, for the purpose of partnering to support the country’s requirements for skilling millions of IT professionals across the IT sector. The discussions were held at NASSCOM’s head office in Noida, India on Friday April 28, 2017. In a show of support for betterU and Canada’s commitment to bilateral trade, Mr. Brian Parrott, Minister Commercial and Sr. Trade Commission Services from the Canadian Embassy was also present.

The discussion, led by Mr. Bradley Loiselle, President and CEO betterU Education Corp., was focused on the approach and the capabilities of betterU to foster an exceptional educational environment by providing befitting skills that would lead to a better career by bridging the gap between one’s existing education and prospective job requirements. Through relevant training provided via betterU’s education marketplace, the learner would benefit not only from advancing their skills, but also accessing job opportunities. betterU and NASSCOM have now begun the process of exploring a formal agreement, subject to due diligence by both parties.

There are many global educators looking to participate in the “Skill India” initiative set out by Prime Minister Modi with a vision to skill up 500 million people by 2022. The reality is that most of them are not established to service the masses simply because there are too many variables required to meet the individual training needs of everyone. betterU, with thousands of courses across multiple learning categories plans to address the skill competencies of each learner through pre-and-post assessments, followed by recommending the best learning options selected across multiple global education programs, all while integrating their results back into the betterU profile of the learner. betterU’s collaborative approach will enable educators, that are normally focused only on specific types of learning, the opportunity to contribute to a learner’s learning path which might require more than what one individual educator can provide.

betterU’s aim is to provide access to relevant 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. “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. Without a collaborative approach, the chance of effectively skilling millions of people is much more difficult. We have spent years putting together a global education marketplace to support the vision of Prime Minister Modi and by partnering with organizations such as NASSCOM, we can collectively accomplish this,” said Bradley Loiselle, President and CEO betterU.

About NASSCOM

NASSCOM is the industry association for the IT-BPM sector in India. A not-for-profit organisation funded by the industry, its objective is to build a growth-led and sustainable technology and business services sector in the country.

Established in 1988, NASSCOM’s membership has grown over the years and currently stands at 1,400. These companies represent 95 percent of industry revenues and have enabled the association to spearhead initiatives and programs to build the sector in the country and globally.

NASSCOM members are active participants in the new global economy and are admired for their innovative business practices, social initiatives and thrust on emerging opportunities.

www.nasscom.in/

About better

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 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 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.

To view the photo accompanying this press release, click on the following link: http://www.marketwire.com/library/20170501-betterUa.jpg

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

Investor contact:
Bruce Chick, MBA
VP Corporate & Investor Relations
1-613-695-4100 Ext. 233
ir@betteru.ca