VANCOUVER, British Columbia--(BUSINESS WIRE)--Serebra Learning Corporation (TSX VEN: SLC) (“Serebra” or “the Company”) and Blue Drop Inc. (“Bluedrop”) are continuing their due diligence investigations into the proposed business combination announced March 24, 2011. In accordance with the policies of the TSX Venture Exchange trading of the shares continue to be halted. In compliance with the requirements set forth by the Exchange, trading in the company’s shares will remain halted until a sponsor has been engaged and satisfactory documents have been provided to the Exchange in accordance with Policy 5.2.
Serebra is also pleased to announce a reseller agreement with Bluedrop for a portion of Serebra’s sales team to sell Bluedrop’s Coursepark product. Coursepark is a leading online learning site that offers individuals access to skills that promote career development, and small businesses a training solution that allows them to build and/or buy courses, and implement, track and manage users’ completion of courses.
“We are very excited about the opportunity to expand our suite of products on offer to current and future clients,” said Taleeb Noormohamed, President and CEO of Serebra. “Coursepark is rapidly becoming a leading global learning site and we are thrilled at the opportunity to help expand its ever-growing user base. It is an excellent complement to Serebra Campus, allowing our sales team a different target market to pursue.”
In addition, Serebra and Bluedrop have negotiated a separate service agreement to have select members of Serebra’s development team provide specialized technical assistance to support Bluedrop’s roadmap for the Coursepark product.
“As we continue to negotiate the terms of a reverse takeover, these reseller and service agreements provide an opportunity to expand our mutual understanding of our products and business models,” added Taleeb.
About Serebra Learning Corporation
Serebra Learning Corporation provides innovative e-learning solutions to companies, organizations and individuals worldwide. Through Serebra Campus, Serebra provides an extensive course catalogue and versatile learning management system (LMS) for delivering and managing professional training and development. Serebra's easyLearning program helps people in developing nations gain valuable skills and qualifications, while Serebra Connect is a marketplace solution for industry leaders seeking to build direct-to-consumer market environments. For more information about Serebra and our programs, visit www.serebra.com.
Founded in 1992 out of a class engineering project by four students at Memorial University, Bluedrop has evolved to become an award-winning developer of custom courseware. The company is dedicated to helping clients create a culture of true performance learning within their organizations. Bluedrop focuses on training in the areas of technical training, health and safety, products and systems, and corporate compliance. Bluedrop clients are broadly based, but are concentrated in Defence and Aerospace, government, technology, oil & gas, and pharmaceuticals. In eight different industries Bluedrop counts the global industry leader as its client. Bluedrop’s Coursepark product (www.coursepark.com) is a learning management platform for individuals and corporations that has quickly grown to include 25,000 users in 52 countries. For more information about Bluedrop visit www.bluedrop.com.