OTTAWA, Ontario, Jan. 08, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (the “Corporation” or “betterU”) is
pleased to announce that it has begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in
preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th
2018. Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the
Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships. Mr. Strub will
operate in Switzerland and report to betterU’s President and CEO until the Corporation has completed the recruitment process for
their Chief Operating Officer which is also expected to be completed by February 2018.
Mr. Strub has extensive experience in management and business development with a spark for entrepreneurship. He
holds a Master’s degree in Banking & Finance from the University of St. Gallen and a Bachelor in Economics & Business
Administration from the University of Zurich, Switzerland. For the last 6 years he has worked in the financial services industry
and has a successful track record in leading both strategy development & executing on projects in various countries across Europe,
Asia, the Americas and the Middle East. “I am always on the lookout for good talent having both intellectual and emotional
intelligence, hardworking, pleasant to work with and of course has a passion to make a difference in people’s lives. Building a
business such as betterU requires dedication and strategic thinkers who are passionate every day. I knew the first time I met
Stefan that he had the qualities to not only fit within our culture, but also help us grow our partnerships in Western
Europe,” said Brad Loiselle, President and CEO of betterU.
Having the right leaders in place to support resource acquisition and management is critical and Mr. Strub is
part of this support. Upon completion of the funding, over the course of 2018, the Corporation plans to hire several hundred
additional resources which would include:
- resources for the expansion of their Canadian head office’s core IT, financial, M&A, brand, creative, global management
and governance teams.
- resources across the USA, Europe and Australia focused on partnership development to support betterU’s marketplace
services.
- resources in India to support the maintenance and growth of betterU’s marketplace, additional Ed-Tech initiatives, national
marketing campaigns, business development, operations and overall to provide global support services.
About betterU
betterU, a global education marketplace, aims to provide access to quality education from around the world to
foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of
education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by
developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to
compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global
educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills
that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them
and lastly, to connect the end user to various job opportunities.
www.betterU.ca and www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are
forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the
Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment
will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including
any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and
"continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and
specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking
statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in
general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s
products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release.
Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information
on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
On behalf of the Board of Director,
better Education Corp.
Brad Loiselle, CEO
For further information:
Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca
