Advanced Teacher Training Inc.

March 11, 2005 17:39 ET

CANADIAN-JAPANESE E-LEARNING VENTURE SWEEPS HIGH-TECH AWARDS

In a joint venture with Advanced Teacher Training Inc. of London, Canada, Japanese company Edvec Inc. wins two out of three prestigious business awards in Yokohama, Japan. Attention: Business/Financial Editor, City Editor, Education Editor, News Editor, Tech/Telecomm Editor LONDON, ONTARIO--(CCNMatthews - March 11, 2005) - The High-Tech Grand Prix of Business Prizes were awarded in Yokohama, Japan on March 9 and Edvec Inc. won the Yokohama Trust and Resona Bank awards.

In 2004, Edvec signed a joint venture contract with Canadian company Advanced Teacher Training Inc. (ATT). Edvec licensed an e-learning course from ATT to train several thousand primary school teachers in Japan. The teachers need the training to teach English as a Second Language (ESL) to children.

Edvec won two out of three awards offered by large Japanese financial institutions. Edvec's project leader Basil Tonks pointed out that these institutions provide the financing for real-world projects and that the awards demonstrate the viability of the Edvec/ATT joint venture.

This is good news for ATT the small Canadian company based in London, Ontario. ATT's president Nuno Dias was very pleased, "By winning two out of the three financial company awards Edvec has demonstrated that we have a solid business plan and that this venture will be a success."

Through royalties and administration fees alone, ATT could earn as much as $1.2million over the next five years from this contract. Dias described how his company will use this money to seed other similar ventures, "We are strongly established as the world leader in a specialized field and we want to maintain this global presence by forming strategic alliances with other companies as well as universities, school boards, and government agencies."

After the teacher training program is firmly established in Japan, Edvec and ATT will likely expand their venture to the rest of the Asian market -- concentrating on China, Taiwan, and South Korea. /For further information: Advanced Teacher Training Inc. www.teyl.com Edvec Inc. http://www.edvec.co.jp/aboutus/english.html / IN: EDUCATION, INTERNATIONAL, TECHNOLOGY

Contact Information

  • Jacinta Dias, Registrar, Advanced Teacher Training Inc.
    Primary Phone: 519-645-4965
    Secondary Phone: 519-672-5810
    Toll-Free: 800-568-8715
    E-mail: jacinta@teyl.com