NOVI, Mich., July 16, 2010 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc. (OTCBB:MKHD), an educational software development, sales and training company offering proprietary learning products and training services worldwide, is pleased to announce the execution of a revenue sharing sales agreement with the Hebei Normal University, College of Foreign Languages.
In May 2010, Mount Knowledge Inc. and Hebei Normal University, College of Foreign Languages (the "University") signed a three year revenue sharing sales agreement for the marketing and sale of Mount Knowledge™ products and services at the University. Under the terms of the agreement, the University has agreed to establish a classroom teaching program using the Syntality™ learning system combined with Knowledge Generator™ and Examatar™ software training.
The agreement is a result of various pilot programs and product tests conducted over a two year period at the University. The products were tested by University teachers and students to evaluate product performance with respect to product receptiveness, simplicity of use and effectiveness. The test programs were conducted under the close supervision of Dr. Li Zhengshuan, Dean of the College of Foreign Languages in Shijiazhuang, the Capital City of Hebei Province.
Dr. Li commented, "After extensive evaluation of the Mount Knowledge™ products, we have found them to be one of the most versatile and interactive products that we have seen to date. We have seen many English learning software technologies, but never such an encompassing and powerful student-centered learning application combined with interactive tools as provided by the Mount Knowledge learning suite."
Mount Knowledge Chairman and founder Erwin Sniedzins commented, "We originally approached the Hebei University to simply conduct tests on our products and for a response as to the effectiveness of our methods. We are thrilled and gratified that the University's leadership was so impressed with the results that they were willing to create a relationship to actively promote our learning system products to their student body. We believe that this is a rare occurrence and we are proud of this accomplishment."
About Mount Knowledge Inc.
Mount Knowledge Inc was founded in 2005 by Erwin Sniedzins in Toronto, Canada. The Company is a Research and Development company which has developed a Real-Time Self-Learning (RTSL) system incorporating interactive multi-media and content enablers that help to transfer information into knowledge faster than traditional methods. This patent pending learning engine technology takes a third party's dormant textual content and automatically creates exercises, tests and scores to enable learners to acquire knowledge. Mount Knowledge Holdings, Inc has licensed the technology from Mount Knowledge Inc., including the Knowledge Generator™, Examatar™ and Syntality™ products exclusively in a worldwide software licensing agreement dated January 21, 2010.
About Hebei Normal University
Hebei Normal University is located in Shijiazhuang, China. The University originated from the Beijing Shuntianfu School that was created in 1902 and Tianjin Beiyang Female Normal School that was created in 1906, which is one of the earliest and most scaled advanced normal universities in China. Since the establishment of the People's Republic of China, the University has trained more than 180 thousand professionals for the country.
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 "Syntality™," integrated into a core application known as the "Knowledge Generator™," 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.