Greenwood Hall, Inc. (OTCBB:ELRN) entered into an agreement to acquire SaaS cloud based learning management platform from Gambassa, Inc. on November 18, 2014. Gary Glass will join Greenwood Hall, Inc. as Chief Creative Officer when the transaction is finalized. The closing of the transaction is subject to approval by the Boards of Directors of Greenwood Hall, Inc. and Gambassa, Inc. and expected to close in the first quarter of 2015. Financial Profiles, Inc. acted as investor relations advisor and PondelWilkinson, Inc. acted as communication advisor for Greenwood Hall, Inc.

Greenwood Hall, Inc. (OTCBB:ELRN) cancelled the acquisition of SaaS cloud based learning management platform from Gambassa, Inc. on November 18, 2015.