Newburyport, MA, Nov. 7, 2012 (GLOBE NEWSWIRE) -- Trunity Holdings Inc. (OTCBB:TNTY), a leading provider of eLearning content and solutions, today announced the launching of its Indian distributor, Trunity India, which will service customers in India, Burma, Pakistan, Bangladesh, Nepal, and Sri Lanka.
With the establishment of Trunity India, the company is now poised to capitalize on the rapidly growing eLearning market in the region. Currently, the eLearning market in India and neighboring countries is valued in excess of $60B and is projected to grow at an annual rate of 20% through 2016.
"The Trunity solution provides an opportunity to not just address the delivery of learning content to students, but the content itself," said Rajesh Alreja, General Manager of Trunity India. "The ability to seamlessly combine top-notch learning content with a scalable, flexible learning management environment made the decision to work with Trunity the obvious choice."
"The Indian market for elearning is one of the single largest markets for learning and education, and we are excited to seize this opportunity with Trunity India," said Terry Anderton, Chairman and CEO, Trunity. "We're committed to this tremendous opportunity to bring our solutions to a large market."
In addition to its global headquarters in Newburyport, MA, Trunity has sales personnel operating in the United States, Canada, Russia and now India and the surrounding region.
About Trunity Holdings Inc.
Trunity Holdings Inc. (OTCBB:TNTY) is a leading provider of eLearning content and solutions that enable institutions and other organizations to create learning environments that reflect the goals of their organizations and needs of their personnel. Trunity's clients include higher education, K-12, and healthcare as well as other leading organizations. Founded in 2009, Trunity has personnel in the United States, Canada, Russia, and India. For more information, visit: www.Trunity.com or call 978-829-0909.
Trunity Holdings Inc Statement Under the Private Securities Litigation Reform Act
As contemplated by the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future, anticipated, or projected plans, performances and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates or predictions of future results or events and there can be no assurance that actual results or events will not materially differ from expectations. Further information on potential factors that could affect Trunity Holdings Inc. is included in the Company's filings with the Securities and Exchange Commission. We expressly disclaim any intent or obligation to update any forward-looking statements.