OTTAWA, Ontario, Jan. 29, 2019 – betterU Education Corp. (the “Company” or “betterU”) is pleased to announce the successful acquisition of two corporate training contracts with Larsen & Toubro (L&T) and Maharashtra State Electricity Transmission Company Limited (Mahatransco), both located in Mumbai, India. These two training programs come on the heels of betterU’s efforts to enhance their revenue focus and after the successful completion of other such training programs and custom development projects with groups such as Central Bank of India, Dena Bank, Confederation of Indian Industries (CII), Indian Oil Corporation Limited (IOCL), Blue Star, Dimension Data, Evry India and Acliv Technologies.
The contract awarded by Larsen & Toubro (L&T) focused on training in Effective Communication for Sales, which was delivered at Pune and successfully completed mid November 2018. L&T is valued at US$17 billion and is one of the largest Indian multi-national companies headquartered in Mumbai, Maharashtra, India. The company has business interests in engineering, construction, manufacturing goods, information technology, and financial services, and has offices worldwide.
The contract awarded by Maharashtra State Electricity Transmission Company Limited (Mahatransco) focused on Management Development training and was delivered in two batches at Mahabaleshwar. Training was successfully completed mid December 2018 and early January 2019. Mahatransco is wholly owned by the Government of Maharashtra, is the largest electric power transmission utility in state sector in India and owns and operates most of Maharashtra’s Electric Power Transmission System.
Corporate training for B2B enterprises is just part of betterU’s education-to-employment ecosystem. Many organizations understand that employees need new and updated skills to remain productive and engaged. There is great value for small, medium and large corporates to purchase and access training content through betterU because of the customizable and flexible options available. betterU’s global partnerships offer many cutting-edge and forward-thinking training options that will keep any organization competitive in today’s fast paced economy. “With these two prestigious wins, betterU positions itself as one of the leading training providers for corporate training in Leadership Development and Business & Management skills training. We are also at the forefront of providing an immense learning experience for corporates with the launch of our Upskill Platform.” said Sameer Vatsa, Country Head for India.
betterU, a global education-to-employment platform, 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 several broad functions: to complement 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.
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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.
On behalf of the Board of Director,
betterU Education Corp.
Brad Loiselle, CEO