TORONTO, June 17, 2010 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings Inc. (OTCBB:MKHD), an educational software development, sales and training company offering innovative and proprietary learning products and training services worldwide, announced today the Company's sales and marketing opportunities in the vast educational market of China.
The Private Training and Education Market Size in China was US $17 billion in 2005 and is forecasted to be US $117 billion by 2013, according to the National Bureau of Statistics of China, Ministry of Education. More specifically, the English Language Training (ELT) market in China in 2004 was approximately US $1.9 billion and is estimated to be approximately US $3.7 billion for 2010, according to the China Education and Training Industry Research Report 2005-2006.
Mount Knowledge is focused on taking advantage of a market in China of approximately 1.4 billion people and over 300 million students (nearly the entire population of the United States) who are facing tremendous financial incentive to learn English. An average Chinese employee can significantly increase his/her salary if certification and proficiency in the English language can be achieved.
"China is one of the fastest growing markets in the world for learning English. The Chinese people are very competitive and see mastering the English language as a way to excel in both social standings and business environments," stated Erwin Sniedzins, founder and Chairman of Mount Knowledge Holdings, Inc. He continued, "Our 21st century learning software combined with proven teaching methodologies, accelerates a student's ability to 'climb their mountain of Knowledge.'"
Mount Knowledge currently offers three specific products and services:
Knowledge Generator™ is a software product ("KG") that delivers a real-time learning system that easily converts information to knowledge. Data from any source can be quickly imported into KG and converted into meaningful interactive exercises and lessons that involve the critical senses of the user. KG's English Language Learning module specifically targets the ESL (English as a Second Language) and ELT (English Language Training) markets in China.
Examatar™ is closely related to the Knowledge Generator™ and has been engineered to accelerate the learning process of teaching English to Chinese students by focusing on the creation of unlimited quizzes and tests on any imported information, to aid students in passing TOEFL (Test of English as a Foreign Language) exams required in academic venues, as well as TOEIC (Test of English for International Communication) exams for corporate environments.
Syntality™ is a training system and methodology that along with the software products, completes the user's ability to use the Knowledge Generator™ as a lifelong tool to turn information into knowledge.
About Mount Knowledge Holdings Inc.
Mount Knowledge Holdings, Inc. (OTCBB:MKHD) is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. The Company's technology stems from an interactive and visual learning system referred to as "Syntalityä," integrated into a core application known as the "Knowledge Generatorä," which is a 21st century learning tool using a constructivism approach. The products are currently being offered in China to the more than 300 million students from grade school to university seeking to learn English, and a vast number of people in the Chinese workplace increasing their English fluency to achieve greater income earning potential.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract members; convert members into paying subscribers and retain our paying subscribers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, reliance on credit card processors and related necessary merchant account approvals, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at http://www.sec.gov.