OTTAWA, June 13, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. TSXV-BTRU, (the "Company" or "betterU") is pleased to announce that on the heels of a recent trip to India in May 2019, have entered a working relationship with another corporate client; McDonald’s India. betterU is already engaged in the development of the first job specific skills program and upon successful completion and approval by McDonald’s India, opportunities will grow to support their national employee base. The scope of proposed work includes online course development, instructor-led training as well as blended online programs.
After meeting with many prospective corporates and strategic partners in Mumbai, Bangalore and Delhi, betterU received a significant level of interest for proposals and next steps from groups such as Clove Dental, Evry, Unibic Cookies, Shine.com, Padmini Engineering, Hindustan Times, NSDC and the Aerospace Sector Skill Counsel. Having recently finalized the partnership deal with NSDC, which was announced earlier this week, betterU has also completed five training and development proposals and has high hopes of closing more corporate partnership agreements in the upcoming weeks. “From the onset of our shift in focus to support corporates, it has become clearer that the Indian corporate market is primed for massive growth in online learning. According to a report by Google and KMPG, the online education market will reach $1.9 billion by 2021. With over 700 corporates in our database, representing only a fraction of the market, we have a lot of work ahead of us and if this last trip is any indication of the opportunity, we are going to be busy! It has been exciting to see the level of interest and we look forward to what will come,” said Sameer Vatsa, Head of India betterU.
That challenges that most corporates face is that they are required to source and manage multiple education providers, content developers, and service providers in order to address the totality of their training needs. It can become difficult to manage multiple vendors that, in most cases, also use different technologies in the management and delivery of their solutions. With betterU, corporates can gain access to the breadth and depth of skilling programs across all categories such as technology, soft skills, leadership, finance, sales and even job specific programs. betterU can help the Learning and Development heads of corporations by framing out the right solutions for them while leveraging the best of the best educators from around the world to meet their skilling needs. Employers can then focus on their employees, rather than the challenges faced with sourcing and managing the learning complexities.
betterU can provide access to the world’s leading off-the-shelf programs, customized to meet a corporate’s needs, which also includes custom content development services and instructor-led delivery options.
About betterU
betterU, a global education to employment platform, 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 preschool, KG-12 programs preparing children for next stage of education, to provide access to global and localized educational programs 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. betterU today has partnered with over 75 global educators, representing access to over 53,000 programs. It is developing technology and ongoing more partners required to support the growing education needs of the world.
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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 https://ir.betteru.ca/investor-overview/press-releases/
On behalf of the Board of Directors,
better Education Corp.
Brad Loiselle, CEO
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca