updated 5/10/2011 10:16:33 AM ET 2011-05-10T14:16:33

HONG KONG, May 10, 2011 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc. ("Mount Knowledge") (OTCBB:MKHD), a provider of business English and communication skills training, announced today, that Language Key Asia Ltd. ("Language Key Asia"), its wholly-owned subsidiary in Hong Kong, commenced user acceptance testing of their new E-Learning Platform, ECO Learning (English Communication Online), with forty (40) companies throughout Asia.

ECO Learning's multi-media learning environment and customized content offers a unique, measurable learning experience for users to develop and improve their English and Business communication skills.

ECO Learning was initially showcased at the Salvo Global 4th Annual 2011 Global Learning Summit in Singapore on February 24th and 25th. As a Platinum Sponsor of the event, Language Key Asia's CEO and VP E-Learning presented on the topic of "Engaging language learners through user-centered design, rich media and diverse content" to 130 delegates, who included senior level HR, Training and Learning & Development Managers.

Forty (40) companies and over six hundred and fifty (650) individual participants are taking part in ECO Learning's user acceptance testing (UAT) scheduled from May 11th to June 17th, 2011. Companies include Citi, Ernst & Young, PricewaterhouseCoopers, Coats China, CB Richard Ellis, The Prudential Assurance Company, China Development Bank, Aon, Lenovo and Malaysia Airlines.

"User acceptance testing is a significant milestone for ECO Learning," stated Dirk Haddow, CEO of Language Key Asia. "The caliber of UAT clients which include a number of prestigious multi-national clients, both existing clients and potential new clients is a testament to the excitement and interest shown in ECO Learning. We are excited at the prospect ahead of us to ultimately deliver a unique, innovative and engaging learning platform for companies, government agencies, and academic institutions across the Asia-Pacific region."

"User Acceptance Testing marks the start of ECO Learning's journey to capturing the B2B and B2C English communication training market; and we look forward to growing ECO Learning's reach in 2011," said Justin Allen, VP of E-Learning.

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(TM)" which is integrated into a core application known as the "Knowledge Generator(TM)." 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.

About Language Key Asia Ltd.

Established in 1994 and headquartered in Hong Kong, 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. 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 currently employs approximately 52 full-time employees, as well as 38 part-time trainers in Hong Kong, Shanghai, Beijing, and Guangzhou, China.

Forward-Looking Safe Harbor Statement:

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 December 31, 2010 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 http://www.sec.gov .

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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