BEIJING, March 16, 2011 (GLOBE NEWSWIRE) -- Language Key Asia, Ltd ("Language Key"), a wholly-owned subsidiary of Mount Knowledge Holdings, Inc. ("Mount Knowledge") (OTCBB:MKHD) and a provider of business English and communication skills training, announced that The Language Key China Ltd., its Wholly Foreign Owned Enterprise (WFOE) in People's Republic of China ("PRC"), signed an exclusive training contract with Renault China ("Renault China") to conduct training for staff in their Beijing office.
"We are honored Renault China has chosen Language Key as its English language training partner," stated Dirk Haddow, Chief Executive Officer of The Language Key China Ltd, Hong Kong. "Having clients of Renault (China's) reputation select Language Key, reinforces our belief that our English language training solutions set Language Key apart in the training marketplace. Our intent is to continue to build our reputation and solidify our standing as the premier corporate training solutions provider in China."
About Renault China
Renault China, which was established 110 years ago, is one of the earliest automobile manufacturers in the world. Renault designs, develops, produces and sells their automobiles using creative concepts that have safety standards and environmental protection in mind. Renault Group includes Renault, Renault Samsung and Duster. The Renault-Nissan alliance has become the fourth biggest automobile group in the world. Renault sells imported automobiles in China with over 30 authorized distributors within China.
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), which owns and operates The Language Key Training Ltd (Hong Kong) and The Language Key China Ltd (China), (collectively, "Language Key"). Language Key provides various business communications skills courses which are tailored to its clients' needs. Language Key has a client list consisting of large international companies such as HSBC, Ernst & Young, Maersk, Coca-Cola, Bayer, Deloitte Touche Tomatsu Ltd., 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 a wholly owned 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 corporate and 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 ranging from grade school to the university level, as well as, 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 and October 31, 2010, respectively, 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.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at .
CONTACT: Mount Knowledge Holdings, Inc. Daniel A. Carr, President / CEO (248) 893-4538 or (888) 682-3038 39555 Orchard Hill Place Suite 600 PMB 6096 Novi, Michigan 48375 www.mkhd.net