Greenwood Hall, Inc. revised earnings guidance for the period from September 1, 2015 to August 31, 2016. Based on new service contracts and current new business pipeline for the company’s strategic EdTech offerings, management expects 2016 revenues related to the company’s EdTech business to increase by over 50% and be in the range of $6.3 million – $6.5 million, compared to EdTech revenues of approximately $4.32 million in 2015. Revenue pertaining to the company’s legacy and non-strategic offerings is anticipated to be in the range of $1 million – $1.2 million, compared to legacy revenues of approximately $4 million in 2015, the majority of which were one-time in nature, event driven, and not strategic to the company’s current EdTech focus. While the company will continue to incur net losses on an Adjusted EBITDA basis for the remaining quarters of 2016, primarily due to substantial investments in sales and marketing, Management anticipates at least 50%-60% improvements in the company’s Adjusted EBITDA in both third and fourth quarter of 2016 when compared to the same respective fiscal quarters in 2015. Based on current contracts and the present new business pipeline for the company’s strategic EdTech offerings, management’s early estimates for revenue growth related to the company’s EdTech business should be between 80%-100% during the first half of 2017.