NOVI, Mich., Feb. 10, 2011 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc. (OTCBB:MKHD), today announced that it has retained a New York based Investment Banker.
The investment bank is a full service boutique brokerage operation with middle market corporate finance, research, and valuation services. They are also active in investment banking and sourcing acquisition capital through its broad institutional and retail networks. With over 200 registered representatives in 8 corporate locations. The investment bank also actively manages over $2 billion of retail customer assets, has clients in all 50 states and overseas, and is a member of the FINRA/SIPC.
"We believe we can significantly accelerate achievement of both our short and mid term goals if we complement our organic growth with solid, strategic acquisitions," stated Daniel A. Carr, Chief Executive Officer of Mount Knowledge Holdings, Inc. "As we continue to build a global educational technology platform company, we feel it is now necessary to engage an investment banker to provide M&A and growth capital advisory services for our accelerated acquisition strategy," added Mr. Carr. "We are very pleased with our decision and look forward to the collaboration ahead as we become a provider of innovative and proprietary software based learning products and training services worldwide."
This press release is only an announcement and is not meant to constitute and offer to buy or sell securities. There are many potential risks associated with completing any type of acquisition and/or financing and there is no guarantee that it will be successful. The Company will issue an 8K upon the closing of any acquisition and/or financing detailing all the material terms.
About Mount Knowledge Holdings, Inc.
Mount Knowledge Holdings, Inc. (OTCBB:MKHD) is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. The Company's technology is based on an interactive and visual learning system referred to as "Syntality™" which is integrated into a core application known as the "Knowledge Generator™." The Company is offering its products and services in China to students from grade school to university and members of the Chinese workforce seeking to increase their English fluency.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future. We caution readers that any forward-looking statements are not guarantees of future performance and that actual results could differ materially from those contained or implied in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the transactions described herein, future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations about the Company's future performance and the future performance of its subsidiaries, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended October 31, 2009 filed with the SEC, not all of which are known to the Company. The Company will update this forward-looking information only to the extent required under applicable securities laws. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at http://www.sec.gov.