Mount Knowledge Holdings, Inc.: The Language Key China Ltd. Signs an Exclusive Two-Year Training Agreement with Norden
Shanghai, China--(January 24, 2011) - Language Key Asia, Ltd, Hong Kong, a Mount Knowledge Holdings, Inc. (OTCBB:MKHD) company and provider of business English and communication skills training, announced that The Language Key China Ltd., its Wholly Owned Foreign Enterprise (WOFE) in Mainland China, signed an exclusive two-year contract in the last quarter of 2010 with the shipping company, Norden to conduct training for their management trainees for its Shanghai office.
"We are delighted Norden has chosen Language Key as its partner to train their future leaders," stated Dirk Haddow, CEO of The Language Key China Ltd, Hong Kong. "Partnering with Norden reinforces our belief that our training solutions set new standards in the marketplace. We look forward to forging a long-term working relationship in China."
"We have chosen Language Key to meet our training objectives since they offer top quality training." stated Michael Bonderup, GM of Norden.
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on NASDAQ OMX Copenhagen A/S. The market capitalization at 16 November 2010 was DKK 8.5 billion.NORDEN was founded in 1871, making it one of Denmark's oldest internationally operating shipping companies. NORDEN operates in dry cargo and tankers worldwide.
About Language Key Asia Ltd.
Established in 1994 and headquartered in Hong Kong, Language Key Asia Ltd is a leading provider of corporate training solutions in Asia through its operational subsidiaries consisting of Language Key Publishing Ltd (Hong Kong) and Language Key Corporate Training Solutions Ltd. (Hong Kong), with owns and operates The Language Key Training Ltd (Hong Kong) and The Language Key China Ltd (China), (collectively, "The Language Key"). Language Key provides custom-tailored Business English and Communications Skills courses, Soft Skills workshops, Executive Coaching and other related services to public and private sector clients, including government entities in Hong Kong and Mainland China and Fortune 500 corporations. Language Key's solid reputation and performance has resulted in a client list consisting of well-recognized international companies such as HSBC, Ernst & Young, Maersk, Coca-Cola, Bayer, Deloitte Touche Tomatsu, Citibank, FedEx, Canon, Pepsico, Shangri-La, UBS, Thyssen Krupp, Zurich Insurance, Swatch, Philips Electronics, Standard Chartered Bank and many others. Language Key currently employs approximately 52 full-time employees, as well as 38 part-time trainers in Hong Kong, Shanghai, Beijing, and Guangzhou, China. Language Key Asia Ltd is wholly owed subsidiary of Mount Knowledge Asia Ltd, a Hong Kong regional holding company wholly owned by Mount Knowledge Holdings, Inc.
About Mount Knowledge Holdings Inc.
Mount Knowledge Holdings, Inc. (OTCBB:MKHD) is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. The Company's technology is based on an interactive and visual learning system referred to as "Syntality" which is integrated into a core application known as the "Knowledge Generator." The Company is offering its products and services in China to students from grade school to university and members of the Chinese workforce seeking to increase their English fluency.
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This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future. We caution readers that any forward-looking statements are not guarantees of future performance and that actual results could differ materially from those contained or implied in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the transactions described herein, future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations about the Company's future performance and the future performance of its subsidiaries, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended October 31, 2009 filed with the SEC, not all of which are known to the Company. The Company will update this forward-looking information only to the extent required under applicable securities laws. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements.
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Mount Knowledge Holdings, Inc.
Daniel A. Carr, President / CEO
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