Mount Knowledge Fulfills Large Contract Successfully in Saudi Arabia with New Opportunities under negotiations in Kuwait and UAE.

TORONTO, Oct. 23, 2012 /CNW/ - Canadian owned Mount Knowledge announced today the company successfully oversaw the installation of a 5 year contract for its "Knowledge Generator" eLearning software in Saudi Arabia.  Several Telco's and VAR's in other Middle Eastern countries are currently negotiating with Mount Knowledge to provide through their existing distribution channels in 16 different countries throughout the Middle East and North Africa the eLearning educational KG software, courseware and eCloud real time learning functionality for educational markets to their existing client bases.

"This is a large opportunity and a significant step in this market and is separate from previous contracts and existing business in China and in North America", CEO and President Erwin Sniedzins commented, "The reception in the Middle East for the Mount Knowledge product was significant and provided new markets and distribution channels that will enhance our eCloud and SaaS product development. I look forward to these exceptional opportunities as the company continues to grow."  This represents a significant new market segment to pursue through new distribution channels for Mount Knowledge and enhances the SaaS and subscription based eCloud business developed by the company over the past 2 years.

ABOUT MOUNT KNOWLEDGE INC:

Mount Knowledge Inc. is a privately-held Ontario Corporation formed in October 2005 by Erwin Sniedzins; the founder and author of its Syntality™ and Knowledge Generator™ (KG), learning software.  Its aim is to expand the already successful software programs used in China to an online SaaS cloud-based functionality for global clients.

The patent pending eLearning delivery engine "Knowledge Generator" has shown to increase learning of any subject matter many times faster than any other existing learning platforms.  Used extensively throughout the globe for students from JK-12, the KG teaches, tests and tracks individual knowledge in real-time with any subject matter.  Corporate training in all industries, personal teaching curriculum in numerous languages - no teacher required just coaches or facilitators.

SOURCE: Mount Knowledge Inc.

Richard Myers, Vice President, Sales & Investor Relations
Mount Knowledge Inc
2300 Yonge Street, Suite 1600
Toronto, Ontario M4P 1E4
416.549.1638
[email protected]
www.mountknowledge.ca