OTTAWA, Jan. 8, 2018 —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 15th2018. 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.
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 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 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.
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.