HONG KONG, May 6, 2011 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc. ("Mount Knowledge") (OTCBB:MKHD), a provider of business English and communication skills training, announced today, that The Language Key Training Ltd., its indirect wholly owned subsidiary in Hong Kong, entered into a training contract with Hsin Chong Construction Group, Ltd. to conduct training for Hsin Chong's Hong Kong staff.
"We are very pleased that Hsin Chong Construction Group Ltd. decided to partner with Language Key as their training provider," stated Dirk Haddow, CEO of Language Key Asia Ltd, Hong Kong. "This reinforces our belief that companies identify Language Key as being the stand-out brand for delivering a professional and quality training service."
About Hsin Chong Construction Group Ltd.
Established in 1939, Hsin Chong Construction Group (HCCG) is one of the leading providers of comprehensive construction services in Asia. Our expertise covers Building Construction, Civil Engineering, Electrical and Mechanical Engineering, Project and Construction Management, Fitting out and Renovation/Conservation, and Strategic Property Development. The group was listed on the Hong Kong Stock Exchange in 1991 (Stock code: 404).
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.
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 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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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