BetterU Education Corp

lockPrivate Group

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.

people7 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


BetterU Education Corp

lockPrivateGroup

betterU, a global education to employment platform, aims to provide access to quality education from around the world......

people7 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

8 hours ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order in BETTERU EDUCATION CORP

OTTAWA, Aug. 14, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019.


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.

The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

13 days ago

8020 Admin posted a press release betterU Education Corp. Mobile App launch a success in India in BETTERU EDUCATION CORP


OTTAWA, Aug. 02, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce the launch of their mobile app in parallel to their National Skills Development Corporation (“NSDC”) partnership announcement held at a Press Conference on July 15th 2019 in Delhi India. The Company has been waiting to see how the app has been performing before announcing the details of the launch.


The launch of the Company’s mobile app is an important milestone required to support betterU’s revenue strategy and drive more awareness and user access to their library of global educators. India has the highest average data usage per smartphone in the world according to the latest Ericsson Mobility Report released in June 2019. It has also become the world’s fastest-growing market for mobile applications on both the Apple iOS and Google’s Android Play Store and leads in the greatest number of mobile app downloaded across both platforms, according to app market data and insights company App Annie. betterU has been focused over the last year on developing the right tools to ensure that their offering can be accessed through the most common channels in India.

betterU’s app, which can be downloaded from the Google Play Store, has already been downloaded over 1600 times in the last two weeks, is receiving good ratings and has no application crashes. The beta launch was a great test of the development efforts of the Company, having integrated their entire catalogue of global education partners as well as integrating betterU’s Upskill Engine, which is focused on supporting individualized skill development for jobs across industries within India. The development of Upskill Engine is ongoing and will continue to advance as more partnerships are realized through NSDC and India’s 38 Sector Skill Councils (SSC) which NSDC is working to support betterU on. The Upskill Engine is a key priority for betterU as it helps guide a user to through a self-assessment defined by each SSC, then it will provide a learning path of recommended courses the user would require to complete in order to advance their skills specifically for their job of interest.   


All marketing efforts going forward will be to drive users to download the mobile app so that no matter where they are, they can access the best education from around the world.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


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


!
Thumb 8020 monitor 200200 2

8020 Admin

13 days ago

8020 Admin posted a press release betterU Announces BDO Canada LLP as Company Auditors in BETTERU EDUCATION CORP

OTTAWA, Aug. 02, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce that after review of multiple proposals, the Company has approved and executed on an agreement with BDO Canada LLP as their new auditors to support not only the Company’s annual financial audit for the financial year ended March 31, 2019 but also ongoing advisory services and as a long-term partner. The audit process is expected to commence immediately. 


BDO was selected because of its deep experience with technology and global focused companies such as betterU. BDO serves over 1,500 companies in the Canadian technology sector and over 5,000 across North America. With dedicated Centres of Excellence across Canada and around the world, BDO is structured to support the technology sector’s requirements for rapid growth, while being able to adapt to change, understand global trends and support companies that are pioneering disruptive technologies with unique global positioning such as betterU. There are many areas that BDO will be able to support betterU including their understanding of the start-up environment from pre-revenue through scaling to a mature business, supporting both local and international standards as well as supporting betterU with more personal involvement and attentiveness as not just auditors, but business advisors providing their depth and breadth of resources and services globally.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO
Investor Relations
1-613-695-4100
Email: ir@betteru.ca

!
Thumb 8020 monitor 200200 2

8020 Admin

15 days ago

8020 Admin posted a press release betterU Education Corp. Announces Close of Private Placement in BETTERU EDUCATION CORP

OTTAWA, July 30, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce that it has decided to close the non-brokered private placement having completed $409,000, issuing 5,842,857 Units at a deemed price of $0.07 per Unit.  Each Unit consists of a Common share and a full warrant (“Unit”). Each full warrant can be exercised for two years at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants can be exercised for 12 months at a price of $0.15 may be paid on a portion of the private placement.


The private placement has been closed so the Company can focus on current opportunities in the pipeline. The proceeds will be used for working capital purposes.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


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

!
Thumb 8020 monitor 200200 2

8020 Admin

20 days ago

8020 Admin posted a press release betterU Education Corp. debt settlement in BETTERU EDUCATION CORP


OTTAWA, July 26, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to report as part of ongoing efforts to reduce the Company’s debt and operational liabilities that its board of directors has approved the settlement of $125,000 of debt through the issuance of common shares of the Company (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company would issue up to 1,388,888 Units at a deemed price of $0.09 per Unit to certain creditors of the Company (the “Creditors”). None of the Creditors are Non-Arm’s Length Parties to the Company. The Company will continue to make efforts in reducing its debt and operating liabilities to strengthen its cashflow position and expects to close additional Debt Settlement arrangements.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


!
Thumb 8020 monitor 200200 2

8020 Admin

24 days ago

8020 Admin posted a press release betterU Education Corp. Announces Private Placement in BETTERU EDUCATION CORP


OTTAWA, July 22, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce a non-brokered private placement to raise up to a maximum of $500,000 or 7,142,857 Units at a deemed price of $0.07 per Unit.  Each Unit consists of a Common share and a full warrant (“Unit”). Each full warrant can be exercised for two year at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants and can be exercised for 12 months at a price of $0.15 may be paid on a portion of the private placement.


The private placement has been opened due to an increased level of investor interest. The round is expected to close shortly. The proceeds will be used for working capital purposes.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


 


!
Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release National Skill Development Corporation and betterU hold press conference in Delhi, India to officially launch their partnership in BETTERU EDUCATION CORP

OTTAWA, July 15, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OG) (the “Company”) is pleased to announce, during a press conference held earlier today at the Lalit hotel in Delhi India, the company and National Skills Development Corporation (“NSDC”) officially launched their partnership to support skilling India. betterU, a global education-to-employment platform, based out of Ottawa, Canada has set out to transform the overall skill development ecosystem across emerging markets like India. Through this partnership, NSDC and betterU will provide the opportunity for Indian youth to gain global access to all the learning they need. The Company’s business model was designed to continually add global content and methods of delivery to support all types of learning for graduates, seasoned employees, and corporates amongst others.


During the media conference, betterU also announced the launch of their Mobile App and Upskill Engine that will put the world’s education in the hands of anyone across India and help support efforts for individualized learning.


This collaboration is in line with the Government’s vision to upskill the youth of India. This goes hand in hand with India’s plan to transform the complete Indian educational system and focus on bridging the skills gap, which was announced at the Union Budget, 2019 by the Indian Finance Minister Nirmala Sitharaman.  Commenting on the association, Dr. Manish Kumar, MD & CEO of NSDC said, "NSDC is focused on solutions that add value to high-quality skills development and vocational training across India. We believe our partnership with betterU could significantly contribute towards our common objectives of skill development. We look forward to working closely with betterU in the coming months for the betterment of our Indian youth.”


betterU in partnership with NSDC will also work to integrate and collaborate with other NSDC solutions, technologies and partners to build and provide a more comprehensive system. Additionally, this partnership will help drive more collaborations across the industry sectors and betterU’s ecosystem. Brad Loiselle, President and CEO, betterU explained, “We believe that education is the foundation for personal growth, which then increases the success of the household and ultimately the economy as a whole. There are still many obstacles to overcome and with so many industries, each requiring various skills, betterU has developed a solution that sources what is required. The overall challenge is that most educators are focused on a specific type of learner, type of content, type of target audience. Millions of variables cannot be supported by individual educators. betterU’s goal is to provide education support for everyone.”


With the objective to connect quality online education from leading global educators to the mass population of India, betterU focuses on developing an ecosystem that bridges the gap between education and jobs by providing the tools necessary to prepare prospective Indian learners for the jobs they want. betterU’s leadership has been travelling the world, speaking at conferences, and working to bring together global educators onto one platform, which is required to support mass education and skilling.


“For equalized education for all, we require one education platform where we can work collectively to support not only individual learners but the entire Indian youth system. We believe that betterU, with the right partners, can drive growth across all industries. This partnership with NSDC will help us achieve positive results for the masses and bridge the skills gap,” Loiselle added.


About National Skill Development Corporation (NSDC)


NSDC is one of its kind public-private-partnership with an objective to facilitate skill training in partnership with private training providers. To date, NSDC has approved 400+ training providers and 38 Sector Skill Councils, with a geographical spread of 7,000+ training centres in 600+ districts across the country. NSDC has trained more than 1.4 crore people across sectors.


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 complement 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.  


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


Media Contact:
Perfect Relations
Shambhavi Joshi
Email: Shambhavi.joshi@perfectrelations.com
Phone: +91 8452 962 336

!
Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release betterU Education Corp. Announces Closing Private Placement in BETTERU EDUCATION CORP

OTTAWA, July 03, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA) (the "Company" or "betterU") is pleased to announce the closing of its non-brokered private placement to raise up to a maximum of $500,000 through the issuance of 10,000,000 units at a price of $0.05 per unit previously announced May 18 and June 4, 2019.  The private placement was fully subscribed.


Each unit consists of a Common share and a ½ warrant (“Unit”). Each full warrant can be exercised for two years at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants and can be exercised for 12 months at a price of $0.25 may be paid on a portion of the private placement (“Finders’ Warrants”).


Finders’ fees of $6,020 were paid by the Company and 120,400 Finders’ Warrants were issued.


The proceeds will be used for working capital purposes supporting the Company’s efforts towards revenue generation and closing of investments currently in the pipeline.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution.


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

2 months ago

8020 Admin posted a press release betterU's corporate training efforts paying off in BETTERU EDUCATION CORP


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.  


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  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


 


!
Thumb 8020 monitor 200200 2

8020 Admin

2 months ago

8020 Admin posted a press release betterU and the National Skills Development Corporation partner to support Skilling India in BETTERU EDUCATION CORP

OTTAWA, June 12, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce that National Skills Development Corporation (“NSDC”) and betterU have entered into a partnership effective today to support the advancing of the government’s skilling initiative in India.


NSDC, under the aegis of Ministry of Skill Development & Entrepreneurship, is a unique public private partnership (PPP) which catalyse the creation of skills development and vocational training ecosystem in India. It is also an implementing agency for several flagship programs under the Government of India i.e. Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Pradhan Mantri Kaushal Kendra (PMKK) etc.


NSDC’s objective is to contribute significantly to the overall target of training youth in India by fostering private sector initiatives in skill development programmes and to provide funding. NSDC’s mission includes:



  • Upgrading skills to international standards through significant industry involvement and development of necessary frameworks for standards, curriculum and quality assurance.

  • Enhancing, supporting and coordinating private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; striving for significant operational and financial involvement from private sector.

  • Playing the role of a ‘market-maker’ by bringing funds, particularly in sectors where market mechanisms are ineffective or missing.

  • Prioritising initiatives that can have a multiplier or catalytic effect as opposed to one-off impact.


betterU’s CEO and team met with the MD & CEO of NSDC, Manish Kumar in Mumbai last month and again the following week at their offices in Delhi along with their leadership team. After lengthy discussions and thoroughly understanding betterU, NSDC agreed that a formal partnership would enable the advancement of our collective efforts towards skilling India. “NSDC is focused on solutions that add value to high quality skills development and vocational trainings across India. After observing the offerings of betterU, we agreed that our partnership could significantly contribute towards our common objectives of skill development. We look forward to working closely with betterU in the coming months,” said Manish Kumar, MD & CEO, NSDC.


Since inception back in 2013, betterU has been focused on the developing of an education to employment ecosystem that could support education for not only India, but the world. betterU’s leadership has been travelling the world speaking at conferences and working to bring together global educators onto one platform, which is required to support mass education and skilling. “To equalized education for all, one world requires one education platform where we can work collectively together to support not only individual learners, but entire countries as well. This partnership with NSDC will help us further increase the ability to achieve positive results for the masses,” said Brad Loiselle President and CEO of betterU.


With upwards of 150 million people across 38 industry sectors requiring skill training, betterU’s partnership with NSDC will provide the opportunity for the masses to gain access to what they need at affordable fees. betterU’s business model was designed to continually add global content and methods of delivery to support all types of learning. This way employees looking for skill advancements, corporates looking to provide access to customized employee solutions, freshers looking to gain access skills development programs in preparation for work, Sector Skill Councils (SSCs) looking to support their mandates across industries and various types of skills training can all be coordinated and supported through betterU and their global partnerships. betterU in partnership with NSDC, will also work to integrate and collaborate with other NSDC solutions, technologies and partners to build provide a more comprehensive system.


betterU is planning a national launch campaign across India for the 15th July 2019 to support their partnership and to align it with the World Youth Skills Day. As part of this launch, betterU will be allocating over $600,000 of its marketing budget supported by Hindustan Times’ properties. The marketing investment will help support access to betterU’s global education partners. This national campaign is currently being planned and assembled.


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.   
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  https://ir.betteru.ca/investor-overview/press-releases/


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO     


For further information:


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


!
Thumb 8020 media relations

Media Relations posted an update in BETTERU EDUCATION CORP

4 months ago

Video interview with Company CEO, Brad Loiselle to get the full story about what has happened in 2019 and the exciting things to to look forward to for the remainder of the year.

Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Gurmit Singh, Former Managing Director of Yahoo India and CEO Forbes India enters into agreement to support betterU in BETTERU EDUCATION CORP

OTTAWA, April 23, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Company” or “betterU”) is pleased to announce that Mr. Gurmit Singh through his firm DAUWAU will work as a consultant in order to support the Company’s efforts in providing access to education across India.


Mr. Singh comes to betterU with over 20 years of experience, including most recently as the Managing Director of Yahoo! India Pvt. Ltd. (formerly known as Yahoo! Inc.). Mr. Singh managed Yahoo!'s business in India and was responsible for its growth in the country since 2012. Prior to this, he served as the Chief Executive Officer of Forbes India at Network 18. During his career, he held many leadership roles across consumer products, music, entertainment and media sectors, working for companies such as Sony Music, Hindustan Times, India Today Group, Rajshri Media, Marico Industries and Network 18.  


As India continues to grow and evolve, education plays one of the most critical roles in the country’s success. Access to quality education and skills development is one of the country’s key priorities. Currently skill initiatives such as the Government’s ‘Skills India’ push has been working to solve the skilling of over 150 million people across all sectors.  Mr. Singh, having overseen the growth of Yahoo! India, has first-hand experience with the high level of content consumption in India. After exiting from his role at Yahoo!, Mr. Singh initiated more in-depth research into the education market, which led him to betterU.  “I was pleasantly surprised to hear of the efforts betterU has been making in India. I believe that what they have been building could pioneer a shift in access to education that could support everyone everywhere. This is only possible by bringing together as many partners that betterU has been able to accomplish. When Brad Loiselle, CEO of betterU and I first spoke, I was excited to not only learn more, but to offer my support in helping them get their company more known,” said Mr. Singh.


Online education in India continues to grow at an exponential rate and according to a report by Google and KPMG, by 2021 the Indian online learning market will reach close to $2 billion in revenues.  UNESCO stated that by 2030 there will be a shortage of over 65 million teachers globally. This will have a significant impact on the world’s ability to provide access to quality education unless the world’s educators come together to solve this problem. “betterU has been focused on this problem for many years and I was thrilled that someone with Gurmit’s experience saw the value in what we have been building for India.  My team and I are looking forward to working with Gurmit and advancing betterU’s nation efforts in India,” said Brad Loiselle, President and CEO, betterU.


About betterU - www.betterU.in


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 complement 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.


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.


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

5 months ago

8020 Admin posted a press release betterU announces new partnership with Pearson in BETTERU EDUCATION CORP

OTTAWA, March 04, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Company” or “betterU”) is pleased to announce our partnership with Pearson, a digital learning company.


To help working professionals update their skills and progress in their careers, Pearson India offers Pearson Professional Programs (PPP) in partnership with leading higher education institutions, faculty and content providers from around the world. This partnership will allow betterU to offer the courses by Pearson Professional Programs, on the education-to-employment platform.


Pearson Professional Programs has partnered with leading educational institutions, faculty and content providers like Columbia University, London School of Business and others from around the world to help working professionals update their skills and progress in their careers. The blended executive education programs offered by PPP span a variety of functions and industries, for participants of varying seniority levels (top, senior and middle management). It offers courses that are relevant to the current needs of evolving workplaces like Artificial Intelligence, Machine Learning etc.


“Pearson shares betterU’s vision of helping learners’ upskill for the needs of tomorrow,” said, Sameer Vatsa, Country Head of India, betterU.


Commenting on the partnership Varun Dhamija, Vice-President, Pearson Professional Programs, Pearson India said, “In today’s fast-paced business climate, it is important to develop the right skills among professionals to become tomorrow’s business leaders. We are delighted to partner with betterU to offer our cutting-edge programs that will help professionals sharpen skills to meet business and industry-specific needs.”


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 complement 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


About Pearson Professional Programs


Pearson Professional Programs offer custom learning opportunities that focus on blended and applied learning. The programs are learner-centric, scalable, cost-effective and most important aligned with learner’s career goals. These programs use different learning formats (Live online, Classroom, Self-Paced eLearning, Coaching etc.) which are carefully designed, based on specific learning gaps & objectives, participant profile, and other critical pedagogical considerations. Pearson partners with leading universities, faculty and content providers from around the world to curate content that supports organizations and individuals to address their diverse learning needs. For more information, please visit http://pearson-professional.com/.


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.


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


CONTACT INFORMATION


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


Level 16, D-Wing Tradeworld,
Kamala Mills, Lower Parel
Mumbai 400013
sales@betteru.in

!
Thumb 8020 monitor 200200 2

8020 Admin

6 months ago

8020 Admin posted a press release betterU launches 'Learner Assistant' browser extension and advances its 'Upskill tool' in BETTERU EDUCATION CORP

OTTAWA, Ontario, Feb. 01, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce the launch of their Learner Assistant which supports learners as they explore and access educators’ content from around the world through a Google Chrome browser extension.


One of the challenges faced while building a solution that provides access to global educators is the ability for the Company to support a learner while they are working in different learning environments. With thousands of global Ed-Tech providers, different learning technologies and varying student registration processes, a learner may experience multiple challenges as they move from educator to educator. betterU has been working to ensure that the learner’s user experience is properly guided, managed and supported for a life-time of learning.  The Learner Assistant is just one of the many solutions betterU has been putting in place to support their vision providing access to Education for All.


With the new Learner Assistant, learners can access learning content through betterU’s platform and seamlessly transition into a new learning environment while still being able to:



  • Search and compare learning content provided through betterU

  • View purchase history, wish list, recommendations and job opportunities

  • Receive recommendations of courses based on their profile

  • Access and view saved jobs and additional employment recommendations

  • Rate courses immediately after completion

  • Communicate with betterU at any time through our live chat, email support and call centre

  • Receive notifications about new courses and exclusive offers

  • Manage global learning paths, access study abroad opportunities, apply for internships, view corporate opportunities, manage skills advancements, complete assessments and much more (coming 2019)


The betterU Learner Assistant will be made available to each learner who registers with betterU. The application (app) can also be downloaded for free from Google’s Chrome Store


In parallel to acquiring content partnerships and building support technologies such as the Learner Assistant, betterU has been working to solve for the skill shortage affecting 100s of millions of people globally. There are thousands of jobs across industries such as health care, hospitality, aerospace, telecom and more. Each job carries multiple knowledge and skill requirements that many are now realizing they do not meet. betterU’s education-to-employment ecosystem brings together a collaboration of global educators whose offerings support the acquisition of skills required for employment. However, access to a massive global library of content is only part of the solution.  It is important to also integrate the understanding of the education and skill requirements for every job profile and connect those requirements and opportunities to learners in need.  


India’s National Occupational Standards (NOS) specify the standard of performance an individual must achieve when carrying out a function in the workplace, together with the knowledge and understanding they need to meet a standard consistently.1 The NOSs were produced by each industry Sector Skill Council (SSC) and are based on global standards. Leveraging the efforts of the country, betterU extracted the profiles which define the educational, professional, technical and generic skill requirements, as well as other key details and set to work on a skilling solution.


With use of technology, betterU has mapped all job profiles within the major industries and created a massive database of course recommendations which are connected to learning content offered by our global partners. Through a simple and interactive learner assessment, betterU can now analyse and recommend learning solutions to an individual by understanding their job interests and assessing their education and skill levels. After the assessment is complete, betterU can guide a learner towards appropriate learning paths to help learners achieve their goals for employment.  The Company has been focused on the skill shortage problem for years and is pleased to announce it has completed the first prototype of their Upskill Tool.  betterU expects to complete their Upskill Tool over the next quarter and be able to support India’s national skills shortages.


1 National Occupational Standards, National Skills Development Corporation https://nsdcindia.org/national-occupational-standards


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 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  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


Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/e589141f-ec4c-4449-b84a-e77f95a8b4f0
http://www.globenewswire.com/NewsRoom/AttachmentNg/83341e14-1411-41e5-aa79-b2d930f75ae5


 




 



Learner Assistant



 



Learner Assistant - Browser Extension to support learners globally



Upskill Tool



 



High-level overview of Upskill tool



!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release Rosetta Stone, HubSpot Academy, FutureLearn, Simplilearn and more join betterU's education platform to support Education for All in BETTERU EDUCATION CORP

OTTAWA, Jan. 30, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to provide an update on the Company’s global partnership growth.


Over the last several years, betterU has been focused on the development of the Company’s global business and operational pillars required to build the foundation that support Education for All through a single education-to-employment ecosystem. The scope of betterU’s vision is to address global complexities facing education and create a system that overcomes barriers such as exclusiveness, poverty, gender inequality, affordability, conflict, caste systems, and technology limitations while striving towards the goal of open access to education in all its forms across entire nations. “We believe it is only through strong partnerships and collaboration that the barriers to education can be overcome. The quality and diverse education of many creates an opportunity that no other platform will be able deliver. We are proud to be partnering with so many organizations who share this same belief,” said Kate O’Neil, Director of Partnerships at betterU.


Snapshot of betterU’s Model


betterU is pleased to be joined most recently by some of the world’s most recognized educators such as: Rosetta Stone, a global language learning leader with innovative digital solutions; HubSpot Academy, the learning arm of HubSpot Inc. and global leader in inbound marketing and sales education; FutureLearn, Europe’s largest online learning platform with partnerships with over a quarter of the world’s top universities;  and Simplilearn, a world leader in accredited professional certification training in 150+ countries.


By the end of 2016 betterU was able to offer just 235 courses through our global partnerships, by 2017 close to 12,000, by 2018 close to 30,000 and today the company is closing in on nearly 52,000 courses offered through our global partners. Over the years our partnership base has grown to include many prestigious organizations such as:  Acadgild, Adobe, Aspiring Minds, Babbel, BSE Varsity, ByDegrees, Career Academy, CareerCo, Carleton University, Global Academy, CoachTube, Digital Vidya, Ed4Training, Ed4Career, Ed4Credit, EdCast, eduCBA, Eduonix, Edureka, edX, Eliquo, Expert Rating, Finsafe, Fullbridge, FutureLearn, Genext, GetcertGo, GlobalExam, GoSkills , Henry Harvin, Hope Research & Practice Institute, HubSpot Academy, IACT Global, ICI Distance Learning, ICICI Direct Center for Financial Learning, IELTS Online, ISEL Global, Intern Theory, IL&FS (Englishbolo & Geneo), Imarticus, Imurgence, Internshala, John Academy, LabInApp, LawSkills, Meritnation, Open Colleges, Paddle, Playablo, Pluralsight, Pointsbuild, PTT, Rosetta Stone, Simplilearn, Simpliv, SKILLDOM, Skillshare, Skillsoft, Sound Basics, Stone River E-Learning, Swift Elearning, TCYonline, Technology Ed, Topper Learning, Toppr, TrakInvest, Transneuron/iTrack, Udemy, VuBiz, Wall Street Prep, Whizlabs, WIISE, Wintellect with many more in the pipeline.


The distribution of content across betterU’s platform continues to advance as their global team focuses on areas that are required to support the learning spectrum.


To drive significant revenue opportunities for a business model such as betterU, the Company has had to put in place a foundation that can support mass education and solve for the significant barriers preventing access.  The only way to be able to successfully educate and skill mass populations such as India, while meeting the individual learning needs, is to have enough partnerships providing quality and diverse educational content incorporated into one platform.


While betterU continues to pioneer and innovate, the company recognizes that what is needed to move the needle are groups like World Economic Forum and UNESCO, and a focus on UNESCO’s Sustainable Development Goals, particularly SDG4. The perceived impossibility of solving Education for All is starting to take shape as a real possibility through the Company’s efforts and continued partnership growth.


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 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 https://ir.betteru.ca/investor-overview/press-releases/


Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2935ae0b-0808-4957-9574-8e9347ea8ece and http://www.globenewswire.com/NewsRoom/AttachmentNg/6f10a7c5-c053-4bcc-9670-d617cb2f42f9


 


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


Partnerships
1-613-695-4100 Ext. 301
Email: partner@betteru.ca




betterU Model



 



betterU Model



betterU platform content distribution



 



betterU platform content distribution



!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release betterU advances its corporate training efforts in India and is awarded two contracts totalling for $26,812 in BETTERU EDUCATION CORP

OTTAWA, Ontario, Jan. 29, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce the successful acquisition of two corporate training contracts with Larsen & Toubro (L&T) and Maharashtra State Electricity Transmission Company Limited (Mahatransco), both located in Mumbai, India. These two training programs come on the heels of betterU’s efforts to enhance their revenue focus and after the successful completion of other such training programs and custom development projects with groups such as Central Bank of India, Dena Bank, Confederation of Indian Industries (CII), Indian Oil Corporation Limited (IOCL), Blue Star, Dimension Data, Evry India and Acliv Technologies.


The contract awarded by Larsen & Toubro (L&T) focused on training in Effective Communication for Sales, which was delivered at Pune and successfully completed mid November 2018.  L&T is valued at US$17 billion and is one of the largest Indian multi-national companies headquartered in Mumbai, Maharashtra, India. The company has business interests in engineering, construction, manufacturing goods, information technology, and financial services, and has offices worldwide. 


The contract awarded by Maharashtra State Electricity Transmission Company Limited (Mahatransco) focused on Management Development training and was delivered in two batches at Mahabaleshwar. Training was successfully completed mid December 2018 and early January 2019. Mahatransco is wholly owned by the Government of Maharashtra, is the largest electric power transmission utility in state sector in India and owns and operates most of Maharashtra's Electric Power Transmission System.


Corporate training for B2B enterprises is just part of betterU’s education-to-employment ecosystem. Many organizations understand that employees need new and updated skills to remain productive and engaged. There is great value for small, medium and large corporates to purchase and access training content through betterU because of the customizable and flexible options available. betterU’s global partnerships offer many cutting-edge and forward-thinking training options that will keep any organization competitive in today’s fast paced economy. “With these two prestigious wins, betterU positions itself as one of the leading training providers for corporate training in Leadership Development and Business & Management skills training. We are also at the forefront of providing an immense learning experience for corporates with the launch of our Upskill Platform.” said Sameer Vatsa, Country Head for India.


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 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  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


Corporate Training Sales,
Level 16, D-Wing Tradeworld,
Kamala Mills, Lower Parel,
Mumbai 400 013
Email: sales@betteru.in


 

!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release betterU Education Corporation provides update on funding in BETTERU EDUCATION CORP

OTTAWA, Jan. 17, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the “Company”) would like to provide an update on its funding activities.


betterU is pleased to announce it has completed a $1,250,000 equity investment by HT Overseas Pte. Ltd., a wholly owned subsidiary of HT Media Limited, (“HT”) for the purchase of 2,976,190 common shares of the Corporation at $0.42 per share (the “Private Placement”) with a hold period expiring on May 17, 2019. As previously announced on December 21, 2017, HT’s $10 million investment is provided to betterU in eight (8) tranches over two years, this being the 3rd tranche with the full investment immediately being paid to HT’s Media Groups by betterU to support betterU’s mass marketing efforts across India. Over the last year, HT’s marketing investment in betterU has resulted in an increase of partnerships and the content required to support our efforts in building betterU’s platform: Education for All. In 2016, betterU had only 235 courses available on its platform, by 2017 betterU reached close to 12,000 and by the end of 2018, betterU surpassed over 52,000 programs. The efforts of our team, along with the media investment from HT, has helped betterU create a larger platform of global educators, tutors, and service providers who all focused on supporting India’s education needs across many subjects and industries. Content acquisition has been part of the betterU’s core focus as it also supports technology being developed by betterU to help solve India’s mass skilling challenges across industries.


betterU, over the last few months, has been working on multiple funding opportunities motivated by the ongoing delays from the $100M investment from TUC Co, Ltd. (“TUC”). These delays have not been explained in detail to betterU because according to GDS Holdings Ltd. (“GDS”), they are under confidentiality agreements with their investment partners. betterU has received over 400 emails over the last year with discussions not only with TUC and GDS, but also with other organizations that are also part of TUC’s investment portfolio. betterU has been in active discussions with the CEOs for multiple groups in Canada and the USA with whom TUC and GDS have also promised funding. Despite the ongoing support and assurances made by TUC and GDS however, with these ongoing delays, it is not sustainable for betterU to rely solely on TUC or GDS, so betterU has had no choice but to seek other investment opportunities as outlined further below. betterU’s agreement with TUC and GDS will remain active and when and if GDS funds are released they will be in accordance with the terms of the agreement executed by TUC and betterU on February 1, 2018.


The Term Sheet with AIP Asset Management Inc., AIP Inc. (“AIP”) for financing of $2.5 Million previously announced October 15, 2018, is currently under review by betterU. AIP requires as a condition to closing the financing that a subordination agreement (“SA”) be executed by the creditors of betterU. After betterU’s creditors reviewed the SA provided by AIP, they felt it was punitive to their rights as creditors and decided not to sign it. betterU has been in discussions with AIP to determine alternative solutions and while AIP is willing to provide betterU with more time, at a cost, they still require that betterU’s creditors execute on the SA. A further update to the market will be forthcoming as this materializes further.


Additionally, in early October 2018, betterU was invited to present to dozens of investors organized by a Montreal investor relations firm known to betterU, Mi3. During these events, betterU was introduced to the CEO of Quantiium Capital Management Corporation (“QCMC”) an alternative funding group located in Montreal QC who expressed interest in betterU. Over subsequent months, betterU met with their leadership teams in Montreal, Toronto and at betterU’s office in Ottawa. Following QCMC’s due diligence process, a Letter of Intent was offered and executed by both parties on December 5, 2018 which supports an investment of 5 Million Euro (approximately CND$7.5M) through a credit facility backed by QCMC. The agreements are currently under development with QCMC and the credit facility is expected to be issued in favour of betterU this month. Further details will be provided to the market as the agreements and timelines materialize. All investments are subject to board of director and TSXV approvals.


betterU wants to emphasise that they have no control over the timelines of these investments and are providing an update to the market with the information they are provided with. An update on the betterU’s advancements in revenue, technology and growth objectives will be made available by next week.


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 perspective 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 perspective job requirement by training them and lastly, to connect the end user to various job opportunities.


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: 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

!
Thumb 8020 monitor 200200 2

8020 Admin

10 months ago

8020 Admin posted a press release betterU Education Corporation provides update on US$100M Equity Investment Amendment in BETTERU EDUCATION CORP

OTTAWA, Oct. 30, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OG) (the “Company”) announces that it has received an update from GDS Holdings Ltd indicating that they have completed the Amendment as described in a new release issued by the Company on September 26th, 2018.  


According to a written update provided to betterU on October 28th, 2018 by Mr. Kenny Ho, CFO and Chairman of TUC Co. Ltd., (“TUC”) Mr. Ho indicated that he arrived in Tokyo, Japan to review the amendments on Wednesday, October 17th and that they completed the required documents on Friday, October 19th.  Mr. Ho further indicated in writing to betterU that he has decided to remain in Tokyo until the funds have been released. Mr. Ho expects there will be no further delays yet has not provided betterU with definitive timelines for the release of funds. While Mr. Ho also indicated that he expects the funds to be released shortly, betterU is reluctant to commit to any dates having experienced many previous delays. “While we remain confident in this opportunity, the ongoing delays and missed timelines provided by TUC have proven to be difficult in managing market expectations. Our focus has been and continues to be on the development and growth of betterU,” said Brad Loiselle, President/CEO of betterU. 


As previously announced on October 15th, 2018, betterU entered into an agreement with AIP Asset Management Inc., (AIP) for an investment of $2.5 million to support ongoing operations and growth until the TUC funding is received. AIP and betterU are currently working through all the definitive agreements in connection with this.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


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 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  https://ir.betteru.ca/investor-overview/press-releases/


On behalf of the Board of Director,

better Education Corp.
Brad Loiselle, CEO     
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

!
Thumb 8020 monitor 200200 2

8020 Admin

10 months ago

8020 Admin posted a press release betterU Announces Multiple Financings in BETTERU EDUCATION CORP

OTTAWA, Oct. 15, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the “Company” or “betterU”) announces that it has entered into several loan agreements totalling $613,000 and a Term Sheet for an additional $2.5 Million convertible note financing.


The first loan agreement is with M&N Lee Holdings Ltd. (“MNL”). Terms were agreed upon on or about August 28, 2018 and the final loan agreement was executed on October 11th, 2018, pursuant to which:



  1. MNL had extended one (1) credit advance to the Company in the amount of $363,000 (the “MNL Loan”).


  2. The Company agreed to pay to the Lender interest calculated on the principal of the MNL Loan at an annual rate of 15%.


  3. The Company agreed to pay a $10,000 facility origination fee on the full amount of the MNL Loan.


  4. The maturity date of the MNL Loan is October 31, 2018 (the “Term”).


  5. The MNL Loan will be secured by a general security agreement against the assets of the Company.


As additional consideration for such advances, the Company has agreed to issue 453,500 common share purchase warrants (the “Warrants”) to MNL. The Warrants are exercisable for a period of 1 year at a price of $0.80 subject to the following:



  1. the issuance of the bonus shares and bonus warrants is subject to the Company receiving acceptance from the TSXV therefor; and


  2. the Common Shares issuable pursuant to the Warrants are subject to a hold period which will expire 4-months and a day from August 28, 2018.


The second loan agreement entered into was with Venbridge Ltd. (“Venbridge”) A loan agreement was executed September 28th, 2018, pursuant to which:



  1. Venbridge had extended one (1) credit advance to the Company in the amount of $250,000 (the “Venbridge Loan”).


  2. betterU will pay interest calculated at a rate of 2.30% per month, compounded monthly (or 31.4% per annum) and calculated monthly, not in advance.
     

  3. betterU shall pay Venbridge a commitment fee of CAD$2,000 paid out of the Venbridge Loan.
     

  4. betterU agreed to pay a placement fee of $8,750 and legal fees of $2,901.38 to Venbridge by way of deduction from the principal of the Venbridge Loan.
     

  5. The maturity date of the Loan is October 31, 2018
     

  6. The Venbridge Loan will be secured by a general security agreement against the assets of the Company.


The third agreement is a Term Sheet with AIP Asset Management Inc., AIP Inc., related or affiliated companies or designated assigns (“AIP”) for financing of $2.5 Million dated October 5th, 2018, pursuant to which and subject to TSXV approval:



  1. AIP has agreed to advance $2.5 Million with $1 Million being the initial tranche to be made available 7 days after the closing date of the term sheet and the completion of the primary due diligence, completion of funding agreements, board of directors and TSXV approvals.
     

  2. The second tranche is expected to be complete within 30 days upon completion of AIP’s full due diligence.
     

  3. AIP will receive convertible notes in denominations of $250,000, with a 15% fixed coupon, pre-paid for the maximum term of each advanced note out of the closing proceeds (the “Convertible Notes”).
     

  4. The Convertible Notes will mature 12 months from the date of issuance, subject to quarterly reviews
     

  5. The Convertible Notes may be convertible into units, in whole, or in part, at the market price as at the close of trading on October 5, 2018. Each unit will consist of 1 common share and 1 full warrant. Each warrant can be exercised at market price as at the close of trading on October 5, 2018 within 24 months from the date of conversion.
     

  6. The Convertible Notes shall be subject to a borrowing base and secured in first priority to all other creditors of the Company.
     

  7. betterU will pay AIP the following fees: $50,000 non-refundable deposit to cover all legal and due diligence expenses covering the first and second tranches. A Closing Fee of $100,000 and a Facility Fee of $100,000 are also to be paid at time of closing. All fees will be withheld from the first tranche of funds issued, with no additional fees to be applied to the remaining $1.5 Million.
     

  8. If betterU decides not to take the remaining $1.5M, there is a break fee of 10% to the maximum issue.


Proceeds will be used to support ongoing operations, the reduction of short-term obligations, and to increase the company’s team to support revenues and growth opportunities. betterU plans on hiring a team of resources, both in Canada and India, to support their corporate sales initiatives and skill initiatives leveraging its recently developed skilling platform.


Hundreds of millions of people in India need skill advancements ranging across a wide variety of leadership, communication, negotiation and other such soft skills as well as technical skills from upgrading their current skills to new technology requirements. With so many people, across so many industries all with variables needs, one educator cannot support a full solution. betterU however, has spent years building a foundation that could address the skilling challenges of individuals in India and has completed the first platform, leveraging their global education platform to support these efforts.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


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 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


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 Director,

better Education Corp.
Brad Loiselle, CEO     
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

!

BetterU Education Corp

lockPrivate Group

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.

people7 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


BetterU Education Corp

lockPrivateGroup

betterU, a global education to employment platform, aims to provide access to quality education from around the world......

people7 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

8 hours ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order in BETTERU EDUCATION CORP

OTTAWA, Aug. 14, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019.


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.

The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

13 days ago

8020 Admin posted a press release betterU Education Corp. Mobile App launch a success in India in BETTERU EDUCATION CORP


OTTAWA, Aug. 02, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce the launch of their mobile app in parallel to their National Skills Development Corporation (“NSDC”) partnership announcement held at a Press Conference on July 15th 2019 in Delhi India. The Company has been waiting to see how the app has been performing before announcing the details of the launch.


The launch of the Company’s mobile app is an important milestone required to support betterU’s revenue strategy and drive more awareness and user access to their library of global educators. India has the highest average data usage per smartphone in the world according to the latest Ericsson Mobility Report released in June 2019. It has also become the world’s fastest-growing market for mobile applications on both the Apple iOS and Google’s Android Play Store and leads in the greatest number of mobile app downloaded across both platforms, according to app market data and insights company App Annie. betterU has been focused over the last year on developing the right tools to ensure that their offering can be accessed through the most common channels in India.

betterU’s app, which can be downloaded from the Google Play Store, has already been downloaded over 1600 times in the last two weeks, is receiving good ratings and has no application crashes. The beta launch was a great test of the development efforts of the Company, having integrated their entire catalogue of global education partners as well as integrating betterU’s Upskill Engine, which is focused on supporting individualized skill development for jobs across industries within India. The development of Upskill Engine is ongoing and will continue to advance as more partnerships are realized through NSDC and India’s 38 Sector Skill Councils (SSC) which NSDC is working to support betterU on. The Upskill Engine is a key priority for betterU as it helps guide a user to through a self-assessment defined by each SSC, then it will provide a learning path of recommended courses the user would require to complete in order to advance their skills specifically for their job of interest.   


All marketing efforts going forward will be to drive users to download the mobile app so that no matter where they are, they can access the best education from around the world.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


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


!
Thumb 8020 monitor 200200 2

8020 Admin

13 days ago

8020 Admin posted a press release betterU Announces BDO Canada LLP as Company Auditors in BETTERU EDUCATION CORP

OTTAWA, Aug. 02, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce that after review of multiple proposals, the Company has approved and executed on an agreement with BDO Canada LLP as their new auditors to support not only the Company’s annual financial audit for the financial year ended March 31, 2019 but also ongoing advisory services and as a long-term partner. The audit process is expected to commence immediately. 


BDO was selected because of its deep experience with technology and global focused companies such as betterU. BDO serves over 1,500 companies in the Canadian technology sector and over 5,000 across North America. With dedicated Centres of Excellence across Canada and around the world, BDO is structured to support the technology sector’s requirements for rapid growth, while being able to adapt to change, understand global trends and support companies that are pioneering disruptive technologies with unique global positioning such as betterU. There are many areas that BDO will be able to support betterU including their understanding of the start-up environment from pre-revenue through scaling to a mature business, supporting both local and international standards as well as supporting betterU with more personal involvement and attentiveness as not just auditors, but business advisors providing their depth and breadth of resources and services globally.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO
Investor Relations
1-613-695-4100
Email: ir@betteru.ca

!
Thumb 8020 monitor 200200 2

8020 Admin

15 days ago

8020 Admin posted a press release betterU Education Corp. Announces Close of Private Placement in BETTERU EDUCATION CORP

OTTAWA, July 30, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce that it has decided to close the non-brokered private placement having completed $409,000, issuing 5,842,857 Units at a deemed price of $0.07 per Unit.  Each Unit consists of a Common share and a full warrant (“Unit”). Each full warrant can be exercised for two years at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants can be exercised for 12 months at a price of $0.15 may be paid on a portion of the private placement.


The private placement has been closed so the Company can focus on current opportunities in the pipeline. The proceeds will be used for working capital purposes.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


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

!
Thumb 8020 monitor 200200 2

8020 Admin

20 days ago

8020 Admin posted a press release betterU Education Corp. debt settlement in BETTERU EDUCATION CORP


OTTAWA, July 26, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to report as part of ongoing efforts to reduce the Company’s debt and operational liabilities that its board of directors has approved the settlement of $125,000 of debt through the issuance of common shares of the Company (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company would issue up to 1,388,888 Units at a deemed price of $0.09 per Unit to certain creditors of the Company (the “Creditors”). None of the Creditors are Non-Arm’s Length Parties to the Company. The Company will continue to make efforts in reducing its debt and operating liabilities to strengthen its cashflow position and expects to close additional Debt Settlement arrangements.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


!
Thumb 8020 monitor 200200 2

8020 Admin

24 days ago

8020 Admin posted a press release betterU Education Corp. Announces Private Placement in BETTERU EDUCATION CORP


OTTAWA, July 22, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is pleased to announce a non-brokered private placement to raise up to a maximum of $500,000 or 7,142,857 Units at a deemed price of $0.07 per Unit.  Each Unit consists of a Common share and a full warrant (“Unit”). Each full warrant can be exercised for two year at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants and can be exercised for 12 months at a price of $0.15 may be paid on a portion of the private placement.


The private placement has been opened due to an increased level of investor interest. The round is expected to close shortly. The proceeds will be used for working capital purposes.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


 


!
Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release National Skill Development Corporation and betterU hold press conference in Delhi, India to officially launch their partnership in BETTERU EDUCATION CORP

OTTAWA, July 15, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OG) (the “Company”) is pleased to announce, during a press conference held earlier today at the Lalit hotel in Delhi India, the company and National Skills Development Corporation (“NSDC”) officially launched their partnership to support skilling India. betterU, a global education-to-employment platform, based out of Ottawa, Canada has set out to transform the overall skill development ecosystem across emerging markets like India. Through this partnership, NSDC and betterU will provide the opportunity for Indian youth to gain global access to all the learning they need. The Company’s business model was designed to continually add global content and methods of delivery to support all types of learning for graduates, seasoned employees, and corporates amongst others.


During the media conference, betterU also announced the launch of their Mobile App and Upskill Engine that will put the world’s education in the hands of anyone across India and help support efforts for individualized learning.


This collaboration is in line with the Government’s vision to upskill the youth of India. This goes hand in hand with India’s plan to transform the complete Indian educational system and focus on bridging the skills gap, which was announced at the Union Budget, 2019 by the Indian Finance Minister Nirmala Sitharaman.  Commenting on the association, Dr. Manish Kumar, MD & CEO of NSDC said, "NSDC is focused on solutions that add value to high-quality skills development and vocational training across India. We believe our partnership with betterU could significantly contribute towards our common objectives of skill development. We look forward to working closely with betterU in the coming months for the betterment of our Indian youth.”


betterU in partnership with NSDC will also work to integrate and collaborate with other NSDC solutions, technologies and partners to build and provide a more comprehensive system. Additionally, this partnership will help drive more collaborations across the industry sectors and betterU’s ecosystem. Brad Loiselle, President and CEO, betterU explained, “We believe that education is the foundation for personal growth, which then increases the success of the household and ultimately the economy as a whole. There are still many obstacles to overcome and with so many industries, each requiring various skills, betterU has developed a solution that sources what is required. The overall challenge is that most educators are focused on a specific type of learner, type of content, type of target audience. Millions of variables cannot be supported by individual educators. betterU’s goal is to provide education support for everyone.”


With the objective to connect quality online education from leading global educators to the mass population of India, betterU focuses on developing an ecosystem that bridges the gap between education and jobs by providing the tools necessary to prepare prospective Indian learners for the jobs they want. betterU’s leadership has been travelling the world, speaking at conferences, and working to bring together global educators onto one platform, which is required to support mass education and skilling.


“For equalized education for all, we require one education platform where we can work collectively to support not only individual learners but the entire Indian youth system. We believe that betterU, with the right partners, can drive growth across all industries. This partnership with NSDC will help us achieve positive results for the masses and bridge the skills gap,” Loiselle added.


About National Skill Development Corporation (NSDC)


NSDC is one of its kind public-private-partnership with an objective to facilitate skill training in partnership with private training providers. To date, NSDC has approved 400+ training providers and 38 Sector Skill Councils, with a geographical spread of 7,000+ training centres in 600+ districts across the country. NSDC has trained more than 1.4 crore people across sectors.


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 complement 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.  


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca


Media Contact:
Perfect Relations
Shambhavi Joshi
Email: Shambhavi.joshi@perfectrelations.com
Phone: +91 8452 962 336

!
Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release betterU Education Corp. Announces Closing Private Placement in BETTERU EDUCATION CORP

OTTAWA, July 03, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA) (the "Company" or "betterU") is pleased to announce the closing of its non-brokered private placement to raise up to a maximum of $500,000 through the issuance of 10,000,000 units at a price of $0.05 per unit previously announced May 18 and June 4, 2019.  The private placement was fully subscribed.


Each unit consists of a Common share and a ½ warrant (“Unit”). Each full warrant can be exercised for two years at a price of $0.15. A finder’s fee of 7% in cash and 7% in warrants and can be exercised for 12 months at a price of $0.25 may be paid on a portion of the private placement (“Finders’ Warrants”).


Finders’ fees of $6,020 were paid by the Company and 120,400 Finders’ Warrants were issued.


The proceeds will be used for working capital purposes supporting the Company’s efforts towards revenue generation and closing of investments currently in the pipeline.


This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date of issuance.


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 compliment school programs with flexible KG-12 programs preparing children for their 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.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution.


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

2 months ago

8020 Admin posted a press release betterU's corporate training efforts paying off in BETTERU EDUCATION CORP


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.  


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  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


 


!
Thumb 8020 monitor 200200 2

8020 Admin

2 months ago

8020 Admin posted a press release betterU and the National Skills Development Corporation partner to support Skilling India in BETTERU EDUCATION CORP

OTTAWA, June 12, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce that National Skills Development Corporation (“NSDC”) and betterU have entered into a partnership effective today to support the advancing of the government’s skilling initiative in India.


NSDC, under the aegis of Ministry of Skill Development & Entrepreneurship, is a unique public private partnership (PPP) which catalyse the creation of skills development and vocational training ecosystem in India. It is also an implementing agency for several flagship programs under the Government of India i.e. Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Pradhan Mantri Kaushal Kendra (PMKK) etc.


NSDC’s objective is to contribute significantly to the overall target of training youth in India by fostering private sector initiatives in skill development programmes and to provide funding. NSDC’s mission includes:



  • Upgrading skills to international standards through significant industry involvement and development of necessary frameworks for standards, curriculum and quality assurance.

  • Enhancing, supporting and coordinating private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; striving for significant operational and financial involvement from private sector.

  • Playing the role of a ‘market-maker’ by bringing funds, particularly in sectors where market mechanisms are ineffective or missing.

  • Prioritising initiatives that can have a multiplier or catalytic effect as opposed to one-off impact.


betterU’s CEO and team met with the MD & CEO of NSDC, Manish Kumar in Mumbai last month and again the following week at their offices in Delhi along with their leadership team. After lengthy discussions and thoroughly understanding betterU, NSDC agreed that a formal partnership would enable the advancement of our collective efforts towards skilling India. “NSDC is focused on solutions that add value to high quality skills development and vocational trainings across India. After observing the offerings of betterU, we agreed that our partnership could significantly contribute towards our common objectives of skill development. We look forward to working closely with betterU in the coming months,” said Manish Kumar, MD & CEO, NSDC.


Since inception back in 2013, betterU has been focused on the developing of an education to employment ecosystem that could support education for not only India, but the world. betterU’s leadership has been travelling the world speaking at conferences and working to bring together global educators onto one platform, which is required to support mass education and skilling. “To equalized education for all, one world requires one education platform where we can work collectively together to support not only individual learners, but entire countries as well. This partnership with NSDC will help us further increase the ability to achieve positive results for the masses,” said Brad Loiselle President and CEO of betterU.


With upwards of 150 million people across 38 industry sectors requiring skill training, betterU’s partnership with NSDC will provide the opportunity for the masses to gain access to what they need at affordable fees. betterU’s business model was designed to continually add global content and methods of delivery to support all types of learning. This way employees looking for skill advancements, corporates looking to provide access to customized employee solutions, freshers looking to gain access skills development programs in preparation for work, Sector Skill Councils (SSCs) looking to support their mandates across industries and various types of skills training can all be coordinated and supported through betterU and their global partnerships. betterU in partnership with NSDC, will also work to integrate and collaborate with other NSDC solutions, technologies and partners to build provide a more comprehensive system.


betterU is planning a national launch campaign across India for the 15th July 2019 to support their partnership and to align it with the World Youth Skills Day. As part of this launch, betterU will be allocating over $600,000 of its marketing budget supported by Hindustan Times’ properties. The marketing investment will help support access to betterU’s global education partners. This national campaign is currently being planned and assembled.


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.   
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  https://ir.betteru.ca/investor-overview/press-releases/


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO     


For further information:


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


!
Thumb 8020 media relations

Media Relations posted an update in BETTERU EDUCATION CORP

4 months ago

Video interview with Company CEO, Brad Loiselle to get the full story about what has happened in 2019 and the exciting things to to look forward to for the remainder of the year.

Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Gurmit Singh, Former Managing Director of Yahoo India and CEO Forbes India enters into agreement to support betterU in BETTERU EDUCATION CORP

OTTAWA, April 23, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Company” or “betterU”) is pleased to announce that Mr. Gurmit Singh through his firm DAUWAU will work as a consultant in order to support the Company’s efforts in providing access to education across India.


Mr. Singh comes to betterU with over 20 years of experience, including most recently as the Managing Director of Yahoo! India Pvt. Ltd. (formerly known as Yahoo! Inc.). Mr. Singh managed Yahoo!'s business in India and was responsible for its growth in the country since 2012. Prior to this, he served as the Chief Executive Officer of Forbes India at Network 18. During his career, he held many leadership roles across consumer products, music, entertainment and media sectors, working for companies such as Sony Music, Hindustan Times, India Today Group, Rajshri Media, Marico Industries and Network 18.  


As India continues to grow and evolve, education plays one of the most critical roles in the country’s success. Access to quality education and skills development is one of the country’s key priorities. Currently skill initiatives such as the Government’s ‘Skills India’ push has been working to solve the skilling of over 150 million people across all sectors.  Mr. Singh, having overseen the growth of Yahoo! India, has first-hand experience with the high level of content consumption in India. After exiting from his role at Yahoo!, Mr. Singh initiated more in-depth research into the education market, which led him to betterU.  “I was pleasantly surprised to hear of the efforts betterU has been making in India. I believe that what they have been building could pioneer a shift in access to education that could support everyone everywhere. This is only possible by bringing together as many partners that betterU has been able to accomplish. When Brad Loiselle, CEO of betterU and I first spoke, I was excited to not only learn more, but to offer my support in helping them get their company more known,” said Mr. Singh.


Online education in India continues to grow at an exponential rate and according to a report by Google and KPMG, by 2021 the Indian online learning market will reach close to $2 billion in revenues.  UNESCO stated that by 2030 there will be a shortage of over 65 million teachers globally. This will have a significant impact on the world’s ability to provide access to quality education unless the world’s educators come together to solve this problem. “betterU has been focused on this problem for many years and I was thrilled that someone with Gurmit’s experience saw the value in what we have been building for India.  My team and I are looking forward to working with Gurmit and advancing betterU’s nation efforts in India,” said Brad Loiselle, President and CEO, betterU.


About betterU - www.betterU.in


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 complement 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.


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.


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION


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

!
Thumb 8020 monitor 200200 2

8020 Admin

5 months ago

8020 Admin posted a press release betterU announces new partnership with Pearson in BETTERU EDUCATION CORP

OTTAWA, March 04, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Company” or “betterU”) is pleased to announce our partnership with Pearson, a digital learning company.


To help working professionals update their skills and progress in their careers, Pearson India offers Pearson Professional Programs (PPP) in partnership with leading higher education institutions, faculty and content providers from around the world. This partnership will allow betterU to offer the courses by Pearson Professional Programs, on the education-to-employment platform.


Pearson Professional Programs has partnered with leading educational institutions, faculty and content providers like Columbia University, London School of Business and others from around the world to help working professionals update their skills and progress in their careers. The blended executive education programs offered by PPP span a variety of functions and industries, for participants of varying seniority levels (top, senior and middle management). It offers courses that are relevant to the current needs of evolving workplaces like Artificial Intelligence, Machine Learning etc.


“Pearson shares betterU’s vision of helping learners’ upskill for the needs of tomorrow,” said, Sameer Vatsa, Country Head of India, betterU.


Commenting on the partnership Varun Dhamija, Vice-President, Pearson Professional Programs, Pearson India said, “In today’s fast-paced business climate, it is important to develop the right skills among professionals to become tomorrow’s business leaders. We are delighted to partner with betterU to offer our cutting-edge programs that will help professionals sharpen skills to meet business and industry-specific needs.”


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 complement 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


About Pearson Professional Programs


Pearson Professional Programs offer custom learning opportunities that focus on blended and applied learning. The programs are learner-centric, scalable, cost-effective and most important aligned with learner’s career goals. These programs use different learning formats (Live online, Classroom, Self-Paced eLearning, Coaching etc.) which are carefully designed, based on specific learning gaps & objectives, participant profile, and other critical pedagogical considerations. Pearson partners with leading universities, faculty and content providers from around the world to curate content that supports organizations and individuals to address their diverse learning needs. For more information, please visit http://pearson-professional.com/.


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.


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


CONTACT INFORMATION


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


Level 16, D-Wing Tradeworld,
Kamala Mills, Lower Parel
Mumbai 400013
sales@betteru.in

!
Thumb 8020 monitor 200200 2

8020 Admin

6 months ago

8020 Admin posted a press release betterU launches 'Learner Assistant' browser extension and advances its 'Upskill tool' in BETTERU EDUCATION CORP

OTTAWA, Ontario, Feb. 01, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce the launch of their Learner Assistant which supports learners as they explore and access educators’ content from around the world through a Google Chrome browser extension.


One of the challenges faced while building a solution that provides access to global educators is the ability for the Company to support a learner while they are working in different learning environments. With thousands of global Ed-Tech providers, different learning technologies and varying student registration processes, a learner may experience multiple challenges as they move from educator to educator. betterU has been working to ensure that the learner’s user experience is properly guided, managed and supported for a life-time of learning.  The Learner Assistant is just one of the many solutions betterU has been putting in place to support their vision providing access to Education for All.


With the new Learner Assistant, learners can access learning content through betterU’s platform and seamlessly transition into a new learning environment while still being able to:



  • Search and compare learning content provided through betterU

  • View purchase history, wish list, recommendations and job opportunities

  • Receive recommendations of courses based on their profile

  • Access and view saved jobs and additional employment recommendations

  • Rate courses immediately after completion

  • Communicate with betterU at any time through our live chat, email support and call centre

  • Receive notifications about new courses and exclusive offers

  • Manage global learning paths, access study abroad opportunities, apply for internships, view corporate opportunities, manage skills advancements, complete assessments and much more (coming 2019)


The betterU Learner Assistant will be made available to each learner who registers with betterU. The application (app) can also be downloaded for free from Google’s Chrome Store


In parallel to acquiring content partnerships and building support technologies such as the Learner Assistant, betterU has been working to solve for the skill shortage affecting 100s of millions of people globally. There are thousands of jobs across industries such as health care, hospitality, aerospace, telecom and more. Each job carries multiple knowledge and skill requirements that many are now realizing they do not meet. betterU’s education-to-employment ecosystem brings together a collaboration of global educators whose offerings support the acquisition of skills required for employment. However, access to a massive global library of content is only part of the solution.  It is important to also integrate the understanding of the education and skill requirements for every job profile and connect those requirements and opportunities to learners in need.  


India’s National Occupational Standards (NOS) specify the standard of performance an individual must achieve when carrying out a function in the workplace, together with the knowledge and understanding they need to meet a standard consistently.1 The NOSs were produced by each industry Sector Skill Council (SSC) and are based on global standards. Leveraging the efforts of the country, betterU extracted the profiles which define the educational, professional, technical and generic skill requirements, as well as other key details and set to work on a skilling solution.


With use of technology, betterU has mapped all job profiles within the major industries and created a massive database of course recommendations which are connected to learning content offered by our global partners. Through a simple and interactive learner assessment, betterU can now analyse and recommend learning solutions to an individual by understanding their job interests and assessing their education and skill levels. After the assessment is complete, betterU can guide a learner towards appropriate learning paths to help learners achieve their goals for employment.  The Company has been focused on the skill shortage problem for years and is pleased to announce it has completed the first prototype of their Upskill Tool.  betterU expects to complete their Upskill Tool over the next quarter and be able to support India’s national skills shortages.


1 National Occupational Standards, National Skills Development Corporation https://nsdcindia.org/national-occupational-standards


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 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  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


Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/e589141f-ec4c-4449-b84a-e77f95a8b4f0
http://www.globenewswire.com/NewsRoom/AttachmentNg/83341e14-1411-41e5-aa79-b2d930f75ae5


 




 



Learner Assistant



 



Learner Assistant - Browser Extension to support learners globally



Upskill Tool



 



High-level overview of Upskill tool



!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release Rosetta Stone, HubSpot Academy, FutureLearn, Simplilearn and more join betterU's education platform to support Education for All in BETTERU EDUCATION CORP

OTTAWA, Jan. 30, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to provide an update on the Company’s global partnership growth.


Over the last several years, betterU has been focused on the development of the Company’s global business and operational pillars required to build the foundation that support Education for All through a single education-to-employment ecosystem. The scope of betterU’s vision is to address global complexities facing education and create a system that overcomes barriers such as exclusiveness, poverty, gender inequality, affordability, conflict, caste systems, and technology limitations while striving towards the goal of open access to education in all its forms across entire nations. “We believe it is only through strong partnerships and collaboration that the barriers to education can be overcome. The quality and diverse education of many creates an opportunity that no other platform will be able deliver. We are proud to be partnering with so many organizations who share this same belief,” said Kate O’Neil, Director of Partnerships at betterU.


Snapshot of betterU’s Model


betterU is pleased to be joined most recently by some of the world’s most recognized educators such as: Rosetta Stone, a global language learning leader with innovative digital solutions; HubSpot Academy, the learning arm of HubSpot Inc. and global leader in inbound marketing and sales education; FutureLearn, Europe’s largest online learning platform with partnerships with over a quarter of the world’s top universities;  and Simplilearn, a world leader in accredited professional certification training in 150+ countries.


By the end of 2016 betterU was able to offer just 235 courses through our global partnerships, by 2017 close to 12,000, by 2018 close to 30,000 and today the company is closing in on nearly 52,000 courses offered through our global partners. Over the years our partnership base has grown to include many prestigious organizations such as:  Acadgild, Adobe, Aspiring Minds, Babbel, BSE Varsity, ByDegrees, Career Academy, CareerCo, Carleton University, Global Academy, CoachTube, Digital Vidya, Ed4Training, Ed4Career, Ed4Credit, EdCast, eduCBA, Eduonix, Edureka, edX, Eliquo, Expert Rating, Finsafe, Fullbridge, FutureLearn, Genext, GetcertGo, GlobalExam, GoSkills , Henry Harvin, Hope Research & Practice Institute, HubSpot Academy, IACT Global, ICI Distance Learning, ICICI Direct Center for Financial Learning, IELTS Online, ISEL Global, Intern Theory, IL&FS (Englishbolo & Geneo), Imarticus, Imurgence, Internshala, John Academy, LabInApp, LawSkills, Meritnation, Open Colleges, Paddle, Playablo, Pluralsight, Pointsbuild, PTT, Rosetta Stone, Simplilearn, Simpliv, SKILLDOM, Skillshare, Skillsoft, Sound Basics, Stone River E-Learning, Swift Elearning, TCYonline, Technology Ed, Topper Learning, Toppr, TrakInvest, Transneuron/iTrack, Udemy, VuBiz, Wall Street Prep, Whizlabs, WIISE, Wintellect with many more in the pipeline.


The distribution of content across betterU’s platform continues to advance as their global team focuses on areas that are required to support the learning spectrum.


To drive significant revenue opportunities for a business model such as betterU, the Company has had to put in place a foundation that can support mass education and solve for the significant barriers preventing access.  The only way to be able to successfully educate and skill mass populations such as India, while meeting the individual learning needs, is to have enough partnerships providing quality and diverse educational content incorporated into one platform.


While betterU continues to pioneer and innovate, the company recognizes that what is needed to move the needle are groups like World Economic Forum and UNESCO, and a focus on UNESCO’s Sustainable Development Goals, particularly SDG4. The perceived impossibility of solving Education for All is starting to take shape as a real possibility through the Company’s efforts and continued partnership growth.


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 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 https://ir.betteru.ca/investor-overview/press-releases/


Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2935ae0b-0808-4957-9574-8e9347ea8ece and http://www.globenewswire.com/NewsRoom/AttachmentNg/6f10a7c5-c053-4bcc-9670-d617cb2f42f9


 


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


Partnerships
1-613-695-4100 Ext. 301
Email: partner@betteru.ca




betterU Model



 



betterU Model



betterU platform content distribution



 



betterU platform content distribution



!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release betterU advances its corporate training efforts in India and is awarded two contracts totalling for $26,812 in BETTERU EDUCATION CORP

OTTAWA, Ontario, Jan. 29, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (the "Company" or "betterU") is pleased to announce the successful acquisition of two corporate training contracts with Larsen & Toubro (L&T) and Maharashtra State Electricity Transmission Company Limited (Mahatransco), both located in Mumbai, India. These two training programs come on the heels of betterU’s efforts to enhance their revenue focus and after the successful completion of other such training programs and custom development projects with groups such as Central Bank of India, Dena Bank, Confederation of Indian Industries (CII), Indian Oil Corporation Limited (IOCL), Blue Star, Dimension Data, Evry India and Acliv Technologies.


The contract awarded by Larsen & Toubro (L&T) focused on training in Effective Communication for Sales, which was delivered at Pune and successfully completed mid November 2018.  L&T is valued at US$17 billion and is one of the largest Indian multi-national companies headquartered in Mumbai, Maharashtra, India. The company has business interests in engineering, construction, manufacturing goods, information technology, and financial services, and has offices worldwide. 


The contract awarded by Maharashtra State Electricity Transmission Company Limited (Mahatransco) focused on Management Development training and was delivered in two batches at Mahabaleshwar. Training was successfully completed mid December 2018 and early January 2019. Mahatransco is wholly owned by the Government of Maharashtra, is the largest electric power transmission utility in state sector in India and owns and operates most of Maharashtra's Electric Power Transmission System.


Corporate training for B2B enterprises is just part of betterU’s education-to-employment ecosystem. Many organizations understand that employees need new and updated skills to remain productive and engaged. There is great value for small, medium and large corporates to purchase and access training content through betterU because of the customizable and flexible options available. betterU’s global partnerships offer many cutting-edge and forward-thinking training options that will keep any organization competitive in today’s fast paced economy. “With these two prestigious wins, betterU positions itself as one of the leading training providers for corporate training in Leadership Development and Business & Management skills training. We are also at the forefront of providing an immense learning experience for corporates with the launch of our Upskill Platform.” said Sameer Vatsa, Country Head for India.


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 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  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


Corporate Training Sales,
Level 16, D-Wing Tradeworld,
Kamala Mills, Lower Parel,
Mumbai 400 013
Email: sales@betteru.in


 

!
Thumb 8020 monitor 200200 2

8020 Admin

7 months ago

8020 Admin posted a press release betterU Education Corporation provides update on funding in BETTERU EDUCATION CORP

OTTAWA, Jan. 17, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the “Company”) would like to provide an update on its funding activities.


betterU is pleased to announce it has completed a $1,250,000 equity investment by HT Overseas Pte. Ltd., a wholly owned subsidiary of HT Media Limited, (“HT”) for the purchase of 2,976,190 common shares of the Corporation at $0.42 per share (the “Private Placement”) with a hold period expiring on May 17, 2019. As previously announced on December 21, 2017, HT’s $10 million investment is provided to betterU in eight (8) tranches over two years, this being the 3rd tranche with the full investment immediately being paid to HT’s Media Groups by betterU to support betterU’s mass marketing efforts across India. Over the last year, HT’s marketing investment in betterU has resulted in an increase of partnerships and the content required to support our efforts in building betterU’s platform: Education for All. In 2016, betterU had only 235 courses available on its platform, by 2017 betterU reached close to 12,000 and by the end of 2018, betterU surpassed over 52,000 programs. The efforts of our team, along with the media investment from HT, has helped betterU create a larger platform of global educators, tutors, and service providers who all focused on supporting India’s education needs across many subjects and industries. Content acquisition has been part of the betterU’s core focus as it also supports technology being developed by betterU to help solve India’s mass skilling challenges across industries.


betterU, over the last few months, has been working on multiple funding opportunities motivated by the ongoing delays from the $100M investment from TUC Co, Ltd. (“TUC”). These delays have not been explained in detail to betterU because according to GDS Holdings Ltd. (“GDS”), they are under confidentiality agreements with their investment partners. betterU has received over 400 emails over the last year with discussions not only with TUC and GDS, but also with other organizations that are also part of TUC’s investment portfolio. betterU has been in active discussions with the CEOs for multiple groups in Canada and the USA with whom TUC and GDS have also promised funding. Despite the ongoing support and assurances made by TUC and GDS however, with these ongoing delays, it is not sustainable for betterU to rely solely on TUC or GDS, so betterU has had no choice but to seek other investment opportunities as outlined further below. betterU’s agreement with TUC and GDS will remain active and when and if GDS funds are released they will be in accordance with the terms of the agreement executed by TUC and betterU on February 1, 2018.


The Term Sheet with AIP Asset Management Inc., AIP Inc. (“AIP”) for financing of $2.5 Million previously announced October 15, 2018, is currently under review by betterU. AIP requires as a condition to closing the financing that a subordination agreement (“SA”) be executed by the creditors of betterU. After betterU’s creditors reviewed the SA provided by AIP, they felt it was punitive to their rights as creditors and decided not to sign it. betterU has been in discussions with AIP to determine alternative solutions and while AIP is willing to provide betterU with more time, at a cost, they still require that betterU’s creditors execute on the SA. A further update to the market will be forthcoming as this materializes further.


Additionally, in early October 2018, betterU was invited to present to dozens of investors organized by a Montreal investor relations firm known to betterU, Mi3. During these events, betterU was introduced to the CEO of Quantiium Capital Management Corporation (“QCMC”) an alternative funding group located in Montreal QC who expressed interest in betterU. Over subsequent months, betterU met with their leadership teams in Montreal, Toronto and at betterU’s office in Ottawa. Following QCMC’s due diligence process, a Letter of Intent was offered and executed by both parties on December 5, 2018 which supports an investment of 5 Million Euro (approximately CND$7.5M) through a credit facility backed by QCMC. The agreements are currently under development with QCMC and the credit facility is expected to be issued in favour of betterU this month. Further details will be provided to the market as the agreements and timelines materialize. All investments are subject to board of director and TSXV approvals.


betterU wants to emphasise that they have no control over the timelines of these investments and are providing an update to the market with the information they are provided with. An update on the betterU’s advancements in revenue, technology and growth objectives will be made available by next week.


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 perspective 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 perspective job requirement by training them and lastly, to connect the end user to various job opportunities.


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: 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

!
Thumb 8020 monitor 200200 2

8020 Admin

10 months ago

8020 Admin posted a press release betterU Education Corporation provides update on US$100M Equity Investment Amendment in BETTERU EDUCATION CORP

OTTAWA, Oct. 30, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OG) (the “Company”) announces that it has received an update from GDS Holdings Ltd indicating that they have completed the Amendment as described in a new release issued by the Company on September 26th, 2018.  


According to a written update provided to betterU on October 28th, 2018 by Mr. Kenny Ho, CFO and Chairman of TUC Co. Ltd., (“TUC”) Mr. Ho indicated that he arrived in Tokyo, Japan to review the amendments on Wednesday, October 17th and that they completed the required documents on Friday, October 19th.  Mr. Ho further indicated in writing to betterU that he has decided to remain in Tokyo until the funds have been released. Mr. Ho expects there will be no further delays yet has not provided betterU with definitive timelines for the release of funds. While Mr. Ho also indicated that he expects the funds to be released shortly, betterU is reluctant to commit to any dates having experienced many previous delays. “While we remain confident in this opportunity, the ongoing delays and missed timelines provided by TUC have proven to be difficult in managing market expectations. Our focus has been and continues to be on the development and growth of betterU,” said Brad Loiselle, President/CEO of betterU. 


As previously announced on October 15th, 2018, betterU entered into an agreement with AIP Asset Management Inc., (AIP) for an investment of $2.5 million to support ongoing operations and growth until the TUC funding is received. AIP and betterU are currently working through all the definitive agreements in connection with this.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


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 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  https://ir.betteru.ca/investor-overview/press-releases/


On behalf of the Board of Director,

better Education Corp.
Brad Loiselle, CEO     
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

!
Thumb 8020 monitor 200200 2

8020 Admin

10 months ago

8020 Admin posted a press release betterU Announces Multiple Financings in BETTERU EDUCATION CORP

OTTAWA, Oct. 15, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the “Company” or “betterU”) announces that it has entered into several loan agreements totalling $613,000 and a Term Sheet for an additional $2.5 Million convertible note financing.


The first loan agreement is with M&N Lee Holdings Ltd. (“MNL”). Terms were agreed upon on or about August 28, 2018 and the final loan agreement was executed on October 11th, 2018, pursuant to which:



  1. MNL had extended one (1) credit advance to the Company in the amount of $363,000 (the “MNL Loan”).


  2. The Company agreed to pay to the Lender interest calculated on the principal of the MNL Loan at an annual rate of 15%.


  3. The Company agreed to pay a $10,000 facility origination fee on the full amount of the MNL Loan.


  4. The maturity date of the MNL Loan is October 31, 2018 (the “Term”).


  5. The MNL Loan will be secured by a general security agreement against the assets of the Company.


As additional consideration for such advances, the Company has agreed to issue 453,500 common share purchase warrants (the “Warrants”) to MNL. The Warrants are exercisable for a period of 1 year at a price of $0.80 subject to the following:



  1. the issuance of the bonus shares and bonus warrants is subject to the Company receiving acceptance from the TSXV therefor; and


  2. the Common Shares issuable pursuant to the Warrants are subject to a hold period which will expire 4-months and a day from August 28, 2018.


The second loan agreement entered into was with Venbridge Ltd. (“Venbridge”) A loan agreement was executed September 28th, 2018, pursuant to which:



  1. Venbridge had extended one (1) credit advance to the Company in the amount of $250,000 (the “Venbridge Loan”).


  2. betterU will pay interest calculated at a rate of 2.30% per month, compounded monthly (or 31.4% per annum) and calculated monthly, not in advance.
     

  3. betterU shall pay Venbridge a commitment fee of CAD$2,000 paid out of the Venbridge Loan.
     

  4. betterU agreed to pay a placement fee of $8,750 and legal fees of $2,901.38 to Venbridge by way of deduction from the principal of the Venbridge Loan.
     

  5. The maturity date of the Loan is October 31, 2018
     

  6. The Venbridge Loan will be secured by a general security agreement against the assets of the Company.


The third agreement is a Term Sheet with AIP Asset Management Inc., AIP Inc., related or affiliated companies or designated assigns (“AIP”) for financing of $2.5 Million dated October 5th, 2018, pursuant to which and subject to TSXV approval:



  1. AIP has agreed to advance $2.5 Million with $1 Million being the initial tranche to be made available 7 days after the closing date of the term sheet and the completion of the primary due diligence, completion of funding agreements, board of directors and TSXV approvals.
     

  2. The second tranche is expected to be complete within 30 days upon completion of AIP’s full due diligence.
     

  3. AIP will receive convertible notes in denominations of $250,000, with a 15% fixed coupon, pre-paid for the maximum term of each advanced note out of the closing proceeds (the “Convertible Notes”).
     

  4. The Convertible Notes will mature 12 months from the date of issuance, subject to quarterly reviews
     

  5. The Convertible Notes may be convertible into units, in whole, or in part, at the market price as at the close of trading on October 5, 2018. Each unit will consist of 1 common share and 1 full warrant. Each warrant can be exercised at market price as at the close of trading on October 5, 2018 within 24 months from the date of conversion.
     

  6. The Convertible Notes shall be subject to a borrowing base and secured in first priority to all other creditors of the Company.
     

  7. betterU will pay AIP the following fees: $50,000 non-refundable deposit to cover all legal and due diligence expenses covering the first and second tranches. A Closing Fee of $100,000 and a Facility Fee of $100,000 are also to be paid at time of closing. All fees will be withheld from the first tranche of funds issued, with no additional fees to be applied to the remaining $1.5 Million.
     

  8. If betterU decides not to take the remaining $1.5M, there is a break fee of 10% to the maximum issue.


Proceeds will be used to support ongoing operations, the reduction of short-term obligations, and to increase the company’s team to support revenues and growth opportunities. betterU plans on hiring a team of resources, both in Canada and India, to support their corporate sales initiatives and skill initiatives leveraging its recently developed skilling platform.


Hundreds of millions of people in India need skill advancements ranging across a wide variety of leadership, communication, negotiation and other such soft skills as well as technical skills from upgrading their current skills to new technology requirements. With so many people, across so many industries all with variables needs, one educator cannot support a full solution. betterU however, has spent years building a foundation that could address the skilling challenges of individuals in India and has completed the first platform, leveraging their global education platform to support these efforts.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


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 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


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 Director,

better Education Corp.
Brad Loiselle, CEO     
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

!