OTTAWA, Dec. 27, 2017 —betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has developed a strategy that will pioneer the advancement of an education blockchain ecosystem starting early 2018, linking to the Corporation’s global education marketplace for emerging markets.
The development of the strategy comes after months of research and the further understanding of the advancement that blockchain technology can provide to the education industry. betterU’s vision has been to equalize education for emerging markets such as India by providing access to the top global educators and institutions, supporting opportunities from education to employment. The following article, written by the CEO of betterU provides insights into the potential that blockchain can provide for the advancement of global opportunities. These insights form the thinking around betterU’s strategies for the advancements of their education blockchain ecosystem.
Article: Thinking Through an Education Blockchain Ecosystem
The equalization of education isn’t just about being able to provide access to the same education to everyone everywhere, it’s also about being able to rationalize that everyone should have the same opportunities despite where they received their education or where they reside. The acceptance and validation of their credentials on a global scale is a requirement for equalization. “Blockchain enables transparency and with the involvement of globally trusted partners, we will be able to help advance the credibility and validation for all individuals, taking us that much closer to achieving our vision,” said Brad Loiselle, President and CEO of betterU.
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.