NOVI, Mich., June 15, 2010 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc. (OTCBB:MKHD) is an educational software development, sales and training company offering innovative and proprietary learning products and training services worldwide.
The Company has developed a suite of market specific "real-time self learning" software applications 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™."
The Company believes that the Mount Knowledge™ products and services are changing the way consumers of all ages are learning and retaining subjects starting at childhood and continuing for the rest of their personal and corporate learning lives. The Company's software learning tools and teaching methodologies are currently being offered in China to the more than 300 million students, from grade school to university, seeking to learn English, including the vast number of people in the Chinese workplace increasing their English fluency to achieve greater income earning potential.
The Company's primary goal is to target the 1.3 billion Chinese population where learning English is a passport to opportunity and greater wealth. Three products are being offered to create revenue streams from both consumer and business markets.
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Syntality™ Training is the training methodology that completes the students' life long journey of converting information to knowledge.
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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. The use of a constructivism approach creates a true 21st century learning tool. 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.
The Company has a three part strategy for growth which they believe has positioned the Company to become the standard for accelerated learning tools and to provide the only real-time personal learning system:
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Learning Centers - the establishment of both corporately owned and partnered 21st Century Learning Technology Centers (LTC) where excitement is created for students as they learn through hands-on interaction with the latest technology.
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English Language Training - providing language training services to major corporations with a blended approach of on-site training and the use of Mount Knowledge software to provide online tools and custom content development in a corporate licensing revenue model.
- Web-based Applications - providing browser-based and mobile software applications to allow online connectivity (e-portal) to Mount Knowledge™ learning tools and to foster interaction among users (online community) applicable to all markets.
The Company's sales and marketing strategy combines decades of time-proven direct sales and service-based techniques, while maximizing the advantages of living in the digital age. In certain markets, a "physical presence" approach (Learning Centers) is the primary strategy due to various government and technology restrictions, and in other markets, one-on-one training in conjunction with a monthly residual "web-based" business model and/or a direct internet sales and marketing approach is the most cost-effective and efficient method.
In addition, marketing channel alliances will play a significant role in the Company's sales strategy, capitalizing on existing marketing and distribution channels. However, the Company's long-term strategy is to maximize all sales and marketing channels available, including corporate and direct consumer alliances and co-marketing channels.
Daniel A. Carr, President and CEO of Mount Knowledge Holdings, Inc., commented, "I am very excited to be at the edge of what we believe is a true learning breakthrough. Initially, our systems will help millions of Chinese students and corporations achieve economic gain by turbo charging the process of learning English. Longer term, our vision is to use our technologies to accelerate the learning process of many subjects on a global basis. We have partnered technology with the science of learning to create a personal, interactive learning system that draws students in to the learning process like never before. We continue to obtain testimonies to validate our efforts and we are ready to make our mark on the history of education and learning."
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 SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.