Prospect Park Capital Corp. announces that Tutors On Demand is launching development of the first English as a Second Language (ESL) school in the metaverse
Initiate the planning and conceptual construction of the learning environment so that it can accommodate a number of students, teachers, desks, chairs and teaching tools
Educators with an ESL background will have full control and the ability to move freely around the classroom
Students will have the opportunity to learn English in a classroom in the Decentraland of the Metaverse
VANCOUVER, British Columbia, Feb. 08 2022 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (CSE: PPK (“Perspective“or the”Society”) is pleased to provide a corporate update regarding 102130706 Saskatchewan Inc. (dba Tutors On Demand) (“Tutors on demand”), a wholly owned subsidiary of the Company. Tutors On Demand began to initiate the conceptual construction of the very first English as a second language (“ALS”) school within Decentraland, one of the major decentralized Metaverse worlds. Further to the Company’s press release dated December 8, 2021 announcing the Company’s virtual desktop services agreement with TerraZero Technologies Inc. (“TerraZero”), the office will now be a shared collective space where on-demand tutors and Diitalk Communications Inc. (“Diitalk”), a wholly owned subsidiary of the Company, may operate. The ESL school will operate through ‘EDSY’, Tutors On Demand’s recently launched TelEdTech product. Tutors On Demand and Diitalk will have direct access within Decentraland to showcase and market their products and services.
Tutors On Demand intends to drive traffic to its location using concerts, events, and educational open houses both within Decentraland, as well as other metaverses. The office space is located near the Decentraland University District.
Anthony Zelen, director of Prospect Park Capital Corp. and Tutors on Demand, commented:
“We are very excited to be the first ESL school within the Metaverse. This will help establish Tutors On Demand as the future leading provider of online virtual learning tools. Tutors On Demand will promote and advertise its unique EdTech online learning platform “EDSY” to Metaverse students. Students will be able to start studying the English language and participate in the Metaverse ESL class. In the future, Tutors On Demand plans to offer additional languages and other subjects Tutors On Demand will roll out a variety of programs and initiatives over time Web 3.0 and specifically the Metaverse provides a safe, efficient and fun environment and represents a new way to reach and interact with students and customers Tutors On Demand will establish an early presence within the Metaverse and we believe this will provide us with new users, marketing opportunities and re nforce the Tutors On Demand brand. We are delighted to work with TerraZero, a knowledgeable and experienced Metaverse company.”
Over the next few weeks, Tutors On Demand intends to finalize the design and plan for its virtual office, including the creation of avatars to assist potential users and customers in its Decentraland office. The company will announce a grand opening of its Metaverse office space and learning environment when it is ready and open to the public and students around the world.
About the Metaverse
“The Metaverse is a vast network of persistent, real-time rendered 3D worlds and simulations that support the continuity of identity, objects, history, payments and entitlements, and can be experienced in ways synchronously by an effectively unlimited number of users, each with an individual sense of presence.”1
The metaverse is a digital universe that combines multiple technological elements for a range of human activities, including the integration of virtual spaces and virtual economies. Humans can enter the metaverse using a virtual reality headset and can interact with each other in virtual events. Word “Metaverse” is composed of the prefix “meta” (meaning beyond) and the stem “verse” (a counter formation from “universe”); the term is generally used to describe the concept of a future iteration of the Internet, consisting of persistent and shared 3D virtual spaces linked to a perceived virtual universe. Metaverse in a broader sense can not only refer to virtual worldscorn the Internet as a whole, including the entire spectrum augmented reality.
Decentraland is a decentralized virtual global platform where users (avatars) can create, experience and monetize content and applications. Visit: www.decentraland.org.
About On-Demand Tutors
Tutors On Demand is a Canadian EdTech company that connects qualified tutors with student learners looking for additional educational support. The platform is an efficient, flexible and affordable solution developed with a view to responsiveness and security of interactions between tutors and students. Tutors On Demand’s mandate is to help deliver online lessons in a multitude of subjects, including math, science, and languages, in a secure, safe, and efficient environment.
ON BEHALF OF THE BOARD OF DIRECTORS
PROSPECT PARK CAPITAL CORP.
“Jim Greig” CEO and Director
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Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy of the accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
This press release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements. that certain actions, events or results “may”, “could”, “should”, “should” or “potentially” or “probably” occur. Such information and statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release and include, without limitation, statements regarding discussions of future plans, estimates and forecasts and statements such as management’s expectations and intentions regarding , among others: the virtual office that can accommodate several students, teachers, desks, chairs and teaching tools; educators have full control and the ability to move freely in the classroom ; office space operated by EDSY; Tutors On Demand and Diitalk have direct access within Decentraland to showcase and market products and services; Tutors On Demand’s intention to drive traffic to its virtual outlet using events and educational open houses both within Decentraland, as well as other metaverses; establish Tutors On Demand as a future leading provider of online virtual learning tools; Tutors On Demand promoting EDSY to Metaverse students; Tutor’s On Demand plans to offer additional languages and other subjects; Tutors On Demand rolls out a variety of programs and initiatives over time; that establishing an early presence within the Metaverse will provide Tutors On Demand with new users, marketing opportunities and strengthen the Tutors On Demand brand; and the timing and announcement of the opening of the office space and learning environment in the metaverse.
These forward-looking statements involve numerous risks and uncertainties, and actual results may differ materially from the results suggested in the forward-looking statements. These risks and uncertainties include, among others, risks relating to the Company’s inability to obtain the necessary approvals, permits or licenses to operate the business; impact of technological changes on the industry; disruptions or attacks (including cyberattacks) on the Company’s information technology, Internet, network access, or other voice or data communication systems or services; the impact of new laws and regulations, changes or enforcement thereof; competetion; increased operating costs; the risk of loss of key employees and executives; the ability to implement business strategies and seize business opportunities the inability of counterparties to perform their obligations; the impact of the Covid-19 pandemic on the Company’s ability to operate and hire staff; adverse economic, market or general business conditions; as well as the risk factors discussed or referred to in the Company’s disclosure documents filed with the securities authorities of certain provinces of Canada and available at www.sedar.com
In making the forward-looking statements in this press release, the Company applied several important assumptions, including, without limitation, assumptions regarding the ability to accommodate a certain number of students, teachers, offices, chairs and educational tools; Tutors On Demand’s ability to implement and offer its products and services within Decentraland and other Metaverse platforms; an early presence within the Metaverse will provide Tutors On Demand with new users, marketing opportunities and strengthen the Tutors On Demand group; the student and consumer base within the Metaverse; finalizing the design and blueprint for the Tutors On Demand virtual office, including the creation of avatars.
Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or information, there may be other factors that cause the results are not those anticipated, estimated or intended. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on this information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, forward-looking information or financial outlook which are incorporated by reference herein, except in accordance with applicable securities laws. We seek shelter.
1 Matthew Ball, author of the vast Introduction to the Metaverse.