By: Matt Rego
Digital professional services and entertainment company, Golden Edge Entertainment, Inc. (OTC Pink: GDEE), saw shares rally 15% on Thursday, June 30, 2016. The digital media company has experienced average daily volume of around 27,134 shares over the past three months. However, nearly 76,300 shares or around $79,352 in dollar volume has already exchanged hands during Thursday’s trading session.
The big news that is driving the stock higher comes from an announcement from Golden Edge Entertainment, Inc. (OTC Pink: GDEE) that details a partnership with Ivek International Education, Inc. The new partnership will be improving and designing new tools and learning experience for Ivek International Education, Inc. and its lineup of pre-recorded and live video streaming services. Here is a press release detailing of the recent agreement:
Miami, Florida, June 29, 2016 (GLOBE NEWSWIRE) — Bid Data Media llc. (BDM), a subsidiary of Golden Edge Entertainment Inc. (GDEE) announced today that it has signed a collaboration agreement to develop online education worldwide in corporation with Ivek International Education Inc. (Ivek), a provider of education resources for both live and online students.
According to the agreement BDM will develop, add and improve Ivek’s pre-recorded and live video streaming systems. The system currently delivers blended learning education through Ivek’s wholly owned subsidiaries, Canadian Language and Learning Centre at http://studyclc.com , and Kiosk Education Group (Kiosk) http://torontoprep.ca and http://csp.kiosk.on.ca.
The portals provides a number of targeted products such as: Communication Skills for Professionals, Professional Development Certificates, Secondary School Diplomas, English as a Second Language and post secondary courses and programs.
According to Ambient Insight’s Self-paced eLearning Market report. “The worldwide market for self-paced eLearning reached $42.7 billion in 2013. The five-year compound annual growth rate is 4.4% and revenues will reach $53.0 billion by 2018.”
The acceptance and use of online learning continues to grow each year. BDM and Ivek plan to leverage the company’s in-house industry expertise, the advancement in technologies, and the increase in mobile learning usage to provide scalable products that appeal to an international audience.
This news release contains forward-looking statements about our business, or financial condition and prospects, that reflect our assumptions and beliefs based on information currently available. The Company can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as “believes,” “expects,” “intends,” “plans,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including risks discussed in the company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
Investors should refer to the risk factors disclosure outlined in our periodic reports filed from time-to-time with the Securities and Exchange Commission.
Golden Edge Entertainment Investor Relations