Michael Hunter, CEO of Cloud Nine Education Group (CNSX:CNI), says he expects the outcome to significantly enhance Cloud Nine’s share valuation and reward investors
SmallCapPower | April 4, 2017: Shares of Cloud Nine Education Group Ltd. (CSE: CNI) rose 13% to $0.135 on Tuesday after the provider of English language curriculum technology announced that it will now be providing its ESL program for more than 72,000 students at three institutions in Michoacan State under a Mexican government scholarship program, which is exclusive to Cloud Nine.
Participating students would travel to Vancouver to study ESL at the Company’s wholly-owned subsidiary, Cloud Nine College (“CNC”).
It’s estimated that the scholarship program will result in more than 70 students per month registering for classes at the College, which would double annual tuition revenues. But keep in mind, the actual number of students taking advantage of the program could end up being two or three times that figure in which case, tuition revenues would increase accordingly.
Company President & CEO, Michael Hunter said, “This agreement positions the Company to reach our milestone of becoming cash flow positive on schedule and keep the college at full capacity.”
Mr. Hunter told SmallCapPower, “Revenues from the scholarship program will help facilitate corporate development and position the Company to expand sales of our Cloud Nine ESL Program. Collectively, we expect the outcome to significantly enhance Cloud Nine’s share valuation and reward investors.”
A successful first year of the initiative could result in more than 500,000 additional students in Michoacan State becoming eligible to participate in the program. Looking forward, Cloud Nine will seek to expand the market for its ESL program by integrating it directly into classes at institutions in Michoacan state.
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below: