OTTAWA, Nov. 08, 2017 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Company” or “betterU”), is pleased to
announce that they have been awarded contracts from both Blue Star India and Evry India to support their employee training
programs. betterU will work with Blue Star to transform their content to an online program helping advance their training across
human resources, sales, manufacturing processes and technical. betterU is also working with Evry India to provide instructor-led
programs to their software engineers in react Native and Redux training. In additional to the customized corporate programs,
betterU will also continue to support both companies in their growth requirements through its library of training programs and
partners available on its global education marketplace.
The combined opportunity value for these new initiatives are approximately $100,000. Our enterprise sales team
continues to achieve great successes in developing relationships with some of India’s largest corporations. While only launching
betterU’s corporate programs a few months back, betterU has in this short period not only closed many such corporate accounts, but
has also received repeat business from several Corporates including Central Bank of India and Dimension Data. Each order for
instructor-led training ranges between $1,000 to $3,500 on average. While many of these orders are Instructor-led leadership &
technology training programs, it aligns with one of betterU’s objectives for establishing a national network of trainers and
developers to support the need for both online and offline training. These corporate contracts will continue to grow in frequency
and size as betterU advances its relationships with the corporations as well as its team and support programs.
“We continue to advance our marketplace by putting in place key partnerships and infrastructure to support
the education needs of the country. Learning is not simply one line of business or a single method of delivery, it is a multitude
and collection of learning options. As a global education marketplace, it is important that we can supply and support variable
learning programs across offline, online, custom development and more. Our ability to adapt to the needs of the market as it
matures is what we will make our company even better and stronger for the future”, said Sameer Vatsa, India’s Country Head for
betterU Education Corporation.
About Blue Star
Blue Star is India's leading air conditioning and commercial refrigeration company, with an annual revenue of
over US$ 681 million, a network of 35 offices, 5 modern manufacturing facilities, 2700 employees, 2200 dealers and 600
retailers. Blue Star's integrated business model of a manufacturer, contractor and after-sales service provider enables it to offer
an end-to-end solution to its customers, which has proved to be a significant differentiator in the market place.
https://www.bluestarindia.com
About Evry India Pvt ltd.
Evry India Pvt ltd is a part of Norwegian company called Evry ASA (www.evry.com) which has revenue over one billion USD. Globally they have over 10,000
employees with over 2,500 in India. Evry India offers IT consulting and Services solution.
About betterU
betterU, a global education marketplace, aims to provide access to quality education from around the world to
foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the
education and job industry and enhance the lives of its prospective learners by developing an integrated ‘education-to employment’
ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12
programs preparing children for next stage of education, to foster an exceptional educational environment by providing befitting
skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training
them and lastly, to connect the end user to various job opportunities.
www.betterU.ca and www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and
uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors
that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth,
the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements
of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any
intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or
otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date
of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial
statements, are available at www.sedar.com.
For further information, please visit http://www.betteru.ca/investor-overview/
Investor contact:
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca
