Sora Capital Makes Strategic Investment in HelpHub Services Inc.
Sora Capital Corporation Makes Strategic Investment in HelpHub Services Inc.
March 24, 2014
Vancouver, BC – Sora Capital Corp. (“Sora”) announces it has made a strategic investment in HelpHub Services Inc (“HelpHub”) through the execution of a Share Purchase Agreement. Sora has agreed to purchase 380,000 common shares in HelpHub @ $0.6579. The funds will be used by HelpHub for product and marketing development for its unique online tutoring platform.
Founded in 2013 by Vancouver student Miguel Kudry, HelpHub’s online tutoring platform connects students with tutors instantly using modern social media features including real-time text messaging and chat, as well as online voice and video. Students can utilize the tutorial services on an immediate basis, without having to pre-schedule sessions or travel to meet with their tutor.
HelpHub is poised to disrupt the supplemental educational services (SES) industry, which is projected to surpass $10 billion in North America alone by the year 2017 according to a recent report by Global Industry Analysts, by offering the unique online tutoring service providing students with instant help, anytime, anywhere; unlike conventional methods of scheduled in-person appointments or traditional online listing services. HelpHub is free to tutors and provides all the facilities to define their own rates and availability, while automatically referring appropriate students using its unique Tutor IQ Points features. Students also sign up for free and can search for appropriate tutors by subject and published profiles. They can also engage in free instant chat to determine the best fit before paying for low-cost instant and individualized services, starting at $0.17 per minute against the industry average upwards of double that figure.
The founder and CEO of HelpHub, Miguel Kudry, is a 21-year-old recently graduated Business Management student, who at the age of 14, developed a profitable web application for posting and sharing photos in social media sites. Miguel arrived in Canada from Caracas, Venezuela, at the age of 16, and has been developing web applications since he was 13 years old.
Sora President and CEO, Paul Reinhart and Greg Hope will be joining the HelpHub board of directors immediately and will advise HelpHub and mentor Miguel Kudry during the product and marketing development for its unique online tutoring platform.
The Canadian Stock Exchange has neither approved nor disapproved this release.