Affinity Research Learning Inc.

Affinity Research Learning Inc.

July 15, 2014 12:15 ET

Affinity Learning Signs Letter of Intent to Complete Share Exchange with Noor Energy Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2014) -


Affinity Research Learning Inc. ("Affinity Learning"), a private company supporting the commercialization of the Correlation Technology Platform (CTP) in the software education market, is pleased to announce that it has entered into a Letter of Intent (the "LOI") with Noor Energy Corporation ("Noor Energy"), a Vancouver, British Columbia based reporting issuer, to complete a share exchange on a 1:1 basis, with the result that Affinity Learning will become a wholly owned subsidiary of Noor Energy at the closing of the transaction.

The LOI also contemplates that upon the completion of the share exchange, the management of Affinity Learning will become the management of Noor Energy subsidiary; Noor Energy subsidiary will change its name to "Affinity Research Learning Inc." and the resulting issuer will apply to list its common shares on the CSE.

"We are very excited about the proposed transaction, which will immediately enhance our access to the Canadian and international capital markets in connection with our software launch. We expect the share exchange with Noor Energy to facilitate funding of our planned business expansion of the Correlation Technology Platform into edForm for the English market and edForma for the Spanish market, and create significant shareholder value," said James Hyland, the co-founder and Chairman of Affinity Learning.

The transaction is subject to certain requirements including standard due diligence; the execution of a definitive agreement; approval by the boards of both companies and various other customary conditions, including the approval of Affinity Learning's shareholders. Accordingly, while the target completion date for the transaction is October 1, 2014, no assurances can be made that the transaction will be consummated or completed by such time.

About Affinity Learning

Affinity Learning is a private company and is commercializing the Correlation Technology Platform (CTP) in the software education market. The Company has acquired a worldwide license utilizing the CTP in Education. The platform is targeted at the public and private K12 market sectors.

Utilizing the unique and patented Correlation Technology Platform as the basis for addressing education resources, edForm and edForma are able to open accurate and unique views on silos of documents for education users not available today.

The edForm and edForma education portals transforming the way students and teachers utilize learning resources on a global basis.

To find out more about Affinity Learning, visit the company's website at

On behalf of the Board of directors of Affinity Research Learning Inc.

Affinity Research Learning Inc.

Patrick Fitzsimmons, President & CEO

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of Affinity Research Learning Inc. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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