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Exhibit 99.1

MOUNT KNOWLEDGE HOLDINGS, INC. SIGNS A LETTER OF INTENT TO
ACQUIRE A LEADING U.S. BASED E-LEARNING COMPANY, SERVICING THE U.S.
FEDERAL GOVERNMENT AND LARGE CORPORATE CLIENTS

Novi, Michigan – June 27, 2011 – Mount Knowledge Holdings, Inc. (MKHD) an educational software development, sales and training company offering proprietary learning products and training services worldwide, announced that on May 27, 2011, it executed a Letter of Intent with C 2 Technologies, Inc. (C 2 ) of Vienna, VA, to purchase one hundred (100%) percent ownership of the company including all of its intellectual property.

“We are thrilled to be acquiring a recognized market leader in e-learning technologies for human performance improvement, which is proudly servicing most U.S. Federal Government agencies as well as several Fortune 500 companies. C 2 ’s award-winning technology and product implementation will allow us to quickly expand towards our vision of becoming a global provider of e-learning technologies for enhancing human performance, to governments, corporations, schools, and direct consumers,” stated Daniel A. Carr, President and CEO of Mount Knowledge Holdings, Inc.

“C 2 ’s established operating history, growing revenue, solid existing contract base and proprietary technologies will assist us in creating a broader global presence in each of our market niches.” “We believe that the impact of combined technologies and teams at C 2 and Mount Knowledge, will lead to industry defining technolog


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