This Content License Agreement involves
Title: PCS Edventures! Announces Content License and Royalty Agreement With Kindle Experiential Learning Private Ltd. of India
Industry: Schools Sector: Services
PCS Edventures! Announces Content License and Royalty Agreement With Kindle Experiential Learning Private Ltd. of India
BOISE, ID--(Marketwire -09/14/11)- PCS Edventures! (OTC.BB: PCSV.OB - News ), 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 ong