PCS Edventures! Announces Content License and Royalty Agreement With Kindle Experiential Learning Private Ltd. of India
September 14 2011 - 11:37AM
Marketwired
PCS Edventures! (OTCBB: PCSV), which designs and delivers
educational products and services to the K-16 market, today
announced that, as a result of the Company's focus on international
markets for its STEM Learning Centers, it has reached a content
license and royalty agreement with Kindle Experiential Learning
Private Ltd. of India ("KEL").
"PCS has been actively engaged in exploring and evaluating
various international market opportunities involving the potential
for the Company's proprietary content and curriculum in STEM
Learning Center environments," stated Valerie L. Grindle, Chief
Executive Officer of PCS Edventures!.com, Inc. "The Learning Center
model represents a strategic market opportunity for PCS, and we
believe individuals and companies in other countries are interested
in this type of STEM learning opportunity. While early in the
rollout process, we are in various stages of discussions with such
parties. The Learning Center concept evolved from the original
roots of our Company, which was founded over 20 years ago as a
provider of afterschool programs. Learning Centers are experiential
learning-focused, with a primary emphasis on the subjects of
Science, Technology, Engineering and Math. Students develop
hands-on experience using high-tech tools, while acquiring critical
21st century skills that will enable them to be more competitive in
the global economy. For the past decade, PCS has focused on the
development and deployment of experiential STEM products and
programs in afterschool and school-based sites around the world.
The extensive library of STEM-related content developed by PCS
represents a comprehensive resource for afterschool and student
enrichment applications."
Robert O. Grover, President of PCS International, said,
"Returning to the Learning Center business is like coming home for
me. PCS International targets the potential to take full advantage
of the foundational principles of our Company on a global scale.
With that in mind, this is a wonderful opportunity for PCS to
expand its reach into India, which represents one of the largest
educational markets in the world. The fact that we are doing this
in partnership with the seasoned entrepreneurial team at Kindle
Experiential Learning speaks volumes. The discussions with KEL have
been ongoing for over a year, and we were very impressed with KEL's
thorough evaluation of the market opportunity. The entire PCS team
looks forward to the launch of this relationship and the official
opening of the first center in India."
"We are pleased to work with PCS Edventures! as the knowledge
partner for our STEM offerings," observed Hari Verma, Chief
Executive Officer of Kindle Experiential Learning Private Ltd. of
India. "The quality of content, depth of research and passion of
the entire PCS team made the company a very compelling choice for
the partnership. With our plans to introduce 'Experiential methods'
to make learning more interesting, engaging and child-centric, we
hope to usher in much needed changes that can prepare our children
for the future."
"While we look forward to this new relationship with great
enthusiasm, we feel compelled to caution our current and future
shareholders that the Indian contract will not become effective
until we receive KEL's initial payment; that Kindle Experiential
Learning is a start-up business, although its founders have over 30
years of combined experience in the education field; and that KEL's
business plan anticipates the opening of Learning Centers at a
conservative pace," concluded Ms. Grindle.
About PCS Edventures!
PCS Edventures!.com, Inc. (PCS) designs and delivers educational
products and services to the K-16 market that develop contemporary
skills for the 21st Century, including critical thinking, problem
solving, innovation, creativity, and communications. PCS programs
emphasize hands-on experiences in Science, Technology, Engineering
and Math (STEM) and have been deployed at over 7,000 sites in all
50 United States and 17 foreign countries. Additional information
is available on the Internet at http://www.edventures.com.
PCS Edventures! is headquartered in Boise, Idaho, and its common
stock is listed on the OTC Bulletin Board under the symbol
"PCSV."
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. These forward-looking
statements are based largely on the expectations or forecasts of
future events, can be affected by inaccurate assumptions, and are
subject to various business risks and known and unknown
uncertainties, a number of which are beyond the control of
management. Therefore, actual results could differ materially from
the forward-looking statements contained in this press release.
Additional information respecting the factors that could materially
affect the Company and its operations are contained in its annual
report on Form 10K for the year ended March 31, 2011, and Form 10-Q
for the three months ended June 30, 2011 as filed with the
Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement.
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