JERSEY CITY, N.J., April 16, 2015 /PRNewswire/ -- Classroom24-7 (www.classroom24-7.com), a leading online education technology company, announced today the launch of its risk-free program to support the distance education initiatives of nonprofits. "We are committed to helping nonprofit organizations make a significant impact in their communities. We understand the realities of nonprofits' budget constraints and are excited to offer a program specifically designed to assist with fundraising to support their online education initiatives," said Michael Gervasio, Classroom24-7's Vice President of Accounts.
Through Classroom24-7's Education Sponsorship Program for Nonprofits, organizations begin working with Classroom24-7 to design and launch a customized Learning Management System even before funding has been secured. As an added benefit, the Learning Management System can be used to promote the nonprofit's sponsors and partners to assist in the fundraising process. Payment is only due after funding has been secured, and if adequate funds are not secured within a pre-determined period of time, the initiative can be put on hold at no risk to the nonprofit organization.
"Our services and technologies allow nonprofits to provide critical online education to their members, volunteers and staff while building stronger relationships with their supporters and partners. Our unique sponsorship program removes the financial barriers associated with implementing a distance education program and enables nonprofits to finally take full advantage of online education," said Ernie Liang, Chief Executive Officer of Classroom24-7.
Classroom24-7 was recently acquired by Rizk Ventures (www.rizkventures.com), a privately-held investment firm based in New York. "Through Rizk Ventures' philanthropic efforts, I've seen firsthand how education can change peoples' lives for the better. The opportunity for nonprofits to educate a far greater audience through Classroom24-7's online learning platform is a game changer in the world of philanthropy," said Linda Rizk, Co-Founder of Rizk Ventures.
About Classroom24-7, LLC: Classroom24-7 is a leading provider of online education technologies and services. The company serves hospitals, associations, non-profits, higher education institutions, and corporations. Classroom24-7 delivers a comprehensive range of services required to build large-scale, successful online education programs. www.classroom24-7.com
About Rizk Ventures, LLC: Rizk Ventures is a privately-held investment firm based in New York, founded by Thomas A. Rizk and Linda Rizk. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. With the support of Managing Partners Geoffrey Rizk and Klaus Lederer, Rizk Ventures adds value post-investment by strengthening consumer relationships, advising management teams, broadening technology, and providing operational expertise. www.rizkventures.com