Wey Education Plc (LON:WEY) the educational services provider, announced today that in September 2017 it will expand its activities by opening an Online Language School using the IT platform, newly developed for its mainstream online schools business.
The new language school to be called “Quoralexis” will initially offer tuition in English as a Foreign Language (“EFL”) but is intended in due course to expand the offering into a range of foreign languages. The Company has considerable experience in teaching EFL to secondary school age pupils attending its online schools but this will create a new profit centre within the group and will facilitate an expansion into teaching all age groups rather than just secondary school pupils and will be available on a global basis.
Wey Education PLC has developed considerable experience of teaching foreign languages at iGCSE and A level online, where in addition to modern European Languages such as French, German and Spanish, the Company has offered more exotic choices such as Latin. The Company believes that there is an attractive opportunity to provide interactive online language teaching to students of all ages, either seeking an academic qualification or a better working knowledge of the relevant language. The business will be operated from the Company’s existing offices with a dedicated General Manager using the Company’s existing systems and resources.
Private Investor Evening 19 July 2017
The Company will hold a briefing session for private investors in London on 19 July 2017 commencing at 5.15 p.m. The intention of the evening is to enable both existing and interested private investors to gain a better understanding of the Company’s activities and to give them an opportunity to meet senior management and directors. It is proposed that the briefing will consist of a description of the Company’s activities and markets, a demonstration of an online lesson utilising the Company’s new IT platform together with an explanation of the Company’s expansion strategy. It will be followed by a Q&A session. Refreshments will be served.
Numbers are limited and entrance is by invitation only. To obtain an invitation, those wishing to attend should email david.massie@wedu.co.uk giving:-
1. Your name and address; and
2. A contact telephone number
For statistical purposes it would be helpful if those seeking an invitation would advise in their application whether they are an existing shareholder or not.
