Tickers: XCNQ:CNI
Tags: Education
Entities now working together in both national & international ESL markets
Vancouver, B.C. / TheNewswire / April 24, 2018 -- Cloud Nine Education Group Ltd. (the "Company" or "Cloud Nine") (CSE: CNI) is pleased to announce the Company has signed two agreements with Stanstead College. The first extends the existing Summer Camp program offered at the college using the Cloud Nine ESL Program. The second creates a marketing and referral relationship for Vietnam where Stanstead College has deep ties with a school in Hanoi and active plans underway to develop a school in Ho Chi Minh City.
Speaking to the issue, Cloud Nine President & CEO, Al Larmour commented, "In reaching these agreements, Cloud Nine has established a runway for a significant expansion of revenue from the ESL market in Vietnam, and in the number summer camp programs we can attract across North America."
Continuing, Larmour said, "We are very pleased to expand our working relationship with Stanstead College. Their long-standing tradition of demonstrating excellence in education is consistent with the branding we wish to establish for Cloud Nine as we move forward. In that sense, I believe we are a good fit and will do well together.
For Stanstead College an association with Cloud Nine enables the long-time educator to offer their students one of the most advanced and interactive ESL programs available. Stanstead Headmaster, Michael Wolfe, addressed the issue saying, "We are confident that the ESL industry will continue to grow in the decades to come. And, having worked with them for a year now, Stanstead is confident in Cloud Nine's ability to design, develop and deliver engaging and cutting-edge ESL programs while maintaining the highest levels of academic excellence. We believe that, properly marketed, Cloud Nine's ESL Programs could do very well in in Canada and overseas.
Wolfe went on to mentioned that beyond offering the Cloud Nine General English Program, Stanstead is also interested in working with Cloud Nine to provide their students and those residing in Quebec, with access to the new IELTS Test Prep Curriculum developed by Cloud Nine and announced on February 7, 2018.
"IELTS is clearly the most widely recognized English language proficiency test in the world right now", Wolfe said. "If we are going to work with Cloud Nine it only makes sense that we would want to help market their proven and practical IELTS course to a worldwide market that just continues to grow".
The agreements were executed on April 20, 2018.
About Cloud Nine Education Group Ltd.
The Company specializes in the development and sale of cutting edge curriculums for non-native English speakers. Courses are cloud-hosted and technologically advanced. Textbooks are primarily replaced with smartphones and tablets which better meet the needs of today's highly mobile student base. Links to the internet and custom-made videos are embedded in the curriculum's core content to create a dynamic and interactive platform.
The Company also owns and operates a government accredited ESL school located in Vancouver, Canada, called Cloud Nine College Ltd (CNC). CNC provides courses in General English, Business English and IELTS Test Preparation.
About Stanstead College
Founded in 1872, Stanstead College is an independent boarding school in Canada for boys and girls in Grades 7 through 12. Students arrive at the rural campus from around the world and leave as engaged, aware and self-disciplined young men and women prepared for university and for life.
About IELTS
The International English Language Testing System (IELTS) test was developed by Cambridge and is arguably the world's most recognized standard to determine an individual's English language proficiency. English-only schools, citizenship review agencies and professional disciplines such as translation, aviation, medicine, and engineering all rely on the results to assess the applicant's linguistic capacity.
On Behalf of the Board of Cloud Nine Education Group Ltd.
"Allan Larmour"
President & Chief Executive Officer
For more information regarding Cloud Nine, please contact:
Paul Searle
Investor Relations
Telephone: +1.778.240.7724
psearle@c9eg.com
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the outlook of the business of the Company and expanded revenue streams from the agreements with Stanstead College. All statements, other than statements of historical fact, that address activities, events, or developments that the Company expects or anticipates to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by words such as "believes", "may", "likely", "plans" or similar words. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the success or failure of the Company's ESL and marketing programs, and actual impact thereof on revenues generated by sales. The statements in this news release are made as of the date of this news release. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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