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AKM

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Share Name Share Symbol Market Type
TSXV:AKM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ACT360 Solutions Announces Implementation of Strategic Growth Plan with India Partnership

03/01/2014 12:15pm

Marketwired Canada


Editors Note: There is an image associated with this press release.

ACT360 Solutions Ltd. (the "Company" or "ACT360") (TSX VENTURE:AKM), a provider
of Internet-based testing and international marketing programs for higher
education, has announced that it has acquired a license to operate and monetize
the websites www.learnhub.com and www.jumbotests.com. As part of the three-year
exclusive license, ACT360 will pay an annual royalty calculated on revenue
generated from the website assets to Savvica Inc, a subsidiary of Educomp
Solutions Ltd., India's largest education company. 


According to Vincent Wong, CEO of ACT360, "This transaction represents the first
part of ACT360's strategy to achieve order of magnitude sales growth while
minimizing dilution to shareholders during the Company's revenue realization
stage. We seek synergistic assets that we can aggressively monetize via our
proprietary international education marketing platform."


ACT360 will use the websites and associated social learning technology to scale
its international student recruiting business which grew 161% in the 12 months
to September 30, 2013. ACT360 will gain access to:




--  2.5 million registered users; 
    
--  Social learning network with integrated college search, test
    preparation, financial planning, and career planning tools; 
    
--  College directory database listing 5,873 institutions in the USA,
    Canada, UK, and India; 
    
--  Social media marketing and advertising platform that enhances ACT360's
    service offering to its higher education clients.



About ACT360 Solutions Ltd.

ACT360 Solutions helps colleges and universities qualify and recruit
international students. We are committed to assisting students from South
America, Europe, Africa, the Middle East, and Asia achieve their study abroad
goals. 


About Educomp Solutions Ltd.

Educomp Solutions Limited, founded in 1994 is a globally diversified education
solutions provider and the largest education company in India.  Educomp
Solutions reaches out to over 34,500 schools and 22.8 million learners and
educators across the world. Educomp Solutions is listed on the Bombay Stock
Exchange and the National Stock Exchange in India. 


FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding revenue estimates and future plans and objectives of ACT360 Solutions
Ltd. - are forward-looking statements that are subject to various risks and
uncertainties. Forward-looking statements are based on current expectations and
analyses, including the effects of anticipated product, service, and
distribution changes and the potential benefits of such efforts and activities
on the Company's results of operations in future periods. There can be no
assurance that such statements will prove to be accurate; actual results and
future events could differ materially from those anticipated in such statements.


To view the image associated with this press release, please visit the following
link: http://www.marketwire.com/library/20140102-learnhub800.jpg


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ACT360 Solutions Ltd.
Vincent Wong
President and CEO
(604) 638-1553
vincentw@act360.com
www.act360.com


Educomp Solutions Ltd.
Sumita Kaul
Head, Corporate Communication
91-124-4529098
sumita.kaul@educomp.com
www.educomp.com

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