Vocational education and training provider Australian Careers Network (ASX:ACO) has received a contract with Metricon Homes Pty Ltd to train and assess its trade contractors.
Metricon is the largest residential contract builder in Australia by volume, with over 5,000 staff and subcontractors.
The comprehensive training and assessment courses will certify successful trainees, with ACN initially conducting training in Certificate III Tiling, Concreting and Construction Waterproofing, which is expected to generate additional revenues to ACN in the current financial year.
The agreement envisages the expansion of the relationship to encompass other trades in due course.
ACN is currently in discussions with a number of other parties in regards to the provision of training in 2015.
The company has also made progress with the pending launch of online training.
Contracts have been signed with both a student management system provider and an online learning platform provider to provide this facility.
Significant progress has also been made with the acquisition and development of a number of courses for online delivery.
Separately, ACN has currently received one term sheet and is awaiting two further term sheets from financial institutions for the provision of a debt facility to the company for future acquisitions.
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