Hi all here is some DD on LRCM for those of u looking for a cheap penny to purchase enjoy!!!!!
Subject: LEARNCOM (OTC:BB -- LRCM) COULD BE READY TO FLY WITH CUSTOMERS
LIKE IBM and INTEL, INC.·
Trading around $.04 cents, LRCM may be undervalued.· LRCM 2001 revenues to
double for third straight year.·Fueled by its continuing aggressive
acquisition program and high quality training videos, LRCM sales are
expected to exceed $8 million for the calendar year after an audited $4.3
million in 2000, and $2.2 million in 1999.· Most investors have not yet
realized that over 90% of FORTUNE 1000 organizations use the services of
LRCM. ·
Some of the largest companies in the world put their faith in
LEARNCOM (OTC:BB -- LRCM).
Their impressive customer list includes: ·IBM · Intel, Inc. ·Prudential
*VA Medical Center ·Ernst & Young Merrill Lynch ·Schering-Plough
Corporation·Convergent Media Systems General Dynamics Telcordia
Technologies BayerCorp. ·Ameritech Pharmacia & Upjohn ·Lucas-Varity
Automotive ·Remax International United States Postal Service ·ARAMARK
Corporation ·Department of Veteran Affairs ·US Immigration and
Naturalization Service ·
LRCM operates in the highly fractionated $60 billion training field. The
popular book "How to be a Billionaire," lists industry consolidation as
one of the primary ways to increase wealth.
Here is news released after the bell today.
Provant Forms Alliance With LearnCom; Broadens Distribution of Provant
Video and CD-Rom Titles
BOSTON, Jul 10, 2001 (BUSINESS WIRE) -- Provant, Inc. (NASDAQ:POVT), a
leading
provider of performance improvement training services and products,
announced
today that it has formed a strategic alliance with LearnCom, Inc., (OTC
BB:LRCM)
currently the largest distributor of Provant Media products.
Under the terms of the multi-year agreement, LearnCom will become the
master
distributor of the CD-ROM, video-based training and print offerings in the
Provant Media library, currently totaling more than 200 titles, as well as
continuing its direct sales of Provant Media products. LearnCom succeeds
Mentor
Media as the master distributor of Provant Media's products. Provant Media
will
also continue its own direct sales of these products.
Curtis Uehlein, President and CEO of Provant stated, "Our new contract with
LearnCom expands the market for our award-winning skill-based programs. In
addition to gaining a powerful, new distribution channel, this alliance
partners
Provant's unparalleled content with LearnCom's multi-division sales and
marketing talents."
"We're very pleased to be partnering with Provant, the acknowledged leader
in
performance improvement training solutions," said Lloyd Singer, President
and
CEO of LearnCom. "We are excited about the opportunity to build upon and
expand
the outstanding network that Provant Media's distributor sales team has
already
developed."
About Provant
As a leading provider of performance improvement training services and
products,
Provant helps its clients maximize their effectiveness and profitability by
improving the performance of their people. With over 1,500 corporate and
government clients, the Company offers blended solutions combining
web-based and
instructor-led offerings that produce measurable results by strengthening
the
performance and productivity of both individual employees and
organizations as a
whole.
For the latest Provant news, or to request faxed or mailed information
about
Provant, call the Company's toll-free shareholder communications service at
1-877-PROVANT. This service is available 24 hours a day, seven days a week.
Shareholder information is also available on the World Wide Web at
www.provant.com.
About LearnCom
LearnCom, Inc.'s four Business Units provide single-source learning
resources
and consulting services to businesses, government agencies and other
non-profit
organizations. The Company focuses on human resources, management and
safety
training - specializing in diversity and critical compliance areas
including
harassment prevention, employment law and OSHA-required training.
LearnCom's
resources are provided in a variety of formats including Internet and
Intranet
delivery, video and CD-ROM. For additional information, visit
www.learncom.com,
www.videolrn.com and www.trainseek.com.
This news release may include statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of
1995. Please be cautioned that any such forward-looking statements are not
guarantees of future performance and involve significant risks and
uncertainties, and that actual results may vary materially from those in
the
forward-looking statements as a result of any number of factors, including
the
Company's limited combined operating history, risks related to
cross-selling,
conversion to technology-based delivery methods and acquisitions,
dependence on
key personnel and fluctuations in quarterly results. These factors and
others
are more fully discussed in the Company's SEC filings.
CONTACT: Provant, Inc.
Ariel Ruhlman
617-772-7406
or
LearnCom, Inc.
Lloyd Singer
630-227-1080
