Global Policy and Education Experience Brings New Dimension to Eleutian Technology; Executive Team to Focus on Bringing the World to Wyoming

CODY, Wyo. -- (BUSINESS WIRE) --

Eleutian Technology, a leading provider of online English education to students in Asia, today announced it has named Josef Merrill as SVP, Business Development. Merrill's significant experience brings additional expertise to the executive team allowing the company to further pioneer online English instruction.

Merrill comes to Eleutian from Apollo Global, a joint venture between the Apollo Group (Nasdaq: APOL) and the Carlyle Group that invests in and manages a network of private educational institutions around the world. Prior to working with the Apollo Group, Merrill directed international mergers and acquisitions in Korea, China and the U.S. while at John Deere (NYSE: DE). Earlier in his career, Merrill spent several years with the U.S. State Department as a diplomat with assignments that included Washington, DC; Sarajevo, Bosnia; Abuja, Nigeria; and Seoul, Korea.

"We have been strategically growing our business for the past several years, combining the right people with the right business model in the right place," said Kent Holiday, CEO, Eleutian Technology. "Joe's experience, coupled with our private equity partner Cheyenne Capital, is imperative as we continue to gain market share within our core space."

Eleutian Technology offers online English education to students around the world through one-on-one and group video sessions with native English-speaking instructors based in Wyoming. Beyond their required U.S. certification, Eleutian's teachers must complete a rigorous 30+ hour training course focused on methods for teaching English as a second language.

"Joe Merrill has a strong track record in our key market of online education," said Robert Grady, Managing Director, Cheyenne Capital Fund. "We think he will be a huge asset to the company in going after the large and growing market for online English instruction."

Eleutian Technology is one of first global companies to recognize the business-friendly environment available in Wyoming and is an increasingly powerful economic driver for the area, providing job opportunities and development in the state. Eleutian is bringing the world to Wyoming by providing the technology and opportunity for qualified teachers to lead English courses from Wyoming to students throughout Asia.

"I am pleased to have the opportunity to work with the Eleutian Technology executive team," said Merrill. "The company is poised to leverage the strong foundation it has built and ultimately own the market for English instruction."

About Eleutian Technology

With over 30,000 tutoring sessions per month, Eleutian Technology is the industry leader of online language instruction for global business and education entities. Eleutian's effective teaching methods have earned endorsements from many world-class organizations, including The Korean Ministry of Education, Sumitomo Corporation, Incheon Metropolitan city Office of Education (Korea), Gwangju Metropolitan city Office of Education, and Yoons English Academy.

CONTACT:

Media:
Coltrin & Associates for Eleutian Technology
Kelly Rees, 212-221-1616
kelly_rees@coltrin.com