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EDT Learning Releases ASP Version of LearnLinc; New

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Investorman Member Level  Wednesday, 01/22/03 01:31:28 PM
Re: thepennyking post# 34
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EDT Learning Releases ASP Version of LearnLinc; New Pricing Model Provides Customers with More Options
January 22, 2003 1:06:00 PM ET

PHOENIX--(BUSINESS WIRE)--Jan. 22, 2003--EDT Learning, Inc. EDT announced today the release of an ASP version of its award-winning software, LearnLinc(R). This ASP version of its virtual classroom and Web conferencing software provides its customers with even more options. Traditionally, LearnLinc customers could only purchase the software and install it on their own network. While large corporations like JPMorgan, EDS and Aetna benefited greatly, smaller organizations without their own IT infrastructure or capital budgets often choose to license Web conferencing software. In response to customer demand of this mid-market and in order to broaden LearnLinc's reach, EDT Learning now offers both purchase and license options.

Commenting on the announcement, James M. Powers, Jr., EDT Learning's president and chief executive officer, said, "Our LearnLinc customers have long appreciated the rich feature set that LearnLinc has to offer. For many years, LearnLinc has been recognized as the most comprehensive and powerful virtual classroom software in the training marketplace. With this ASP version, we expect to capture our share of the Web conferencing and customer support markets, providing customers with a lower initial investment. With the tightening of corporate training budgets, we have seen more requests for a smaller investment with longer commitments, so we have adjusted accordingly. What is so exciting about this new ASP version is that, although more affordable, it still provides the same rich feature set as our traditional client-server version of LearnLinc."

LearnLinc will now be available for licensing for a monthly fee and will provide the same feature set as other Web conferencing companies in the industry. The acquisition of LearnLinc by EDT Learning from Mentergy, Inc. was closed in December 2002 and provided EDT Learning with comprehensive online training software rivaling the likes of WebEx and Placeware.

About EDT Learning, Inc.

Headquartered in Phoenix, Arizona, EDT Learning is a leading provider of comprehensive e-Learning business solutions for corporate clients. EDT Learning's comprehensive e-Learning software and services enable organizations to produce effective e-Learning programs from conception to implementation to completion without the risk associated with integrating multiple vendors.

The Company's unique combination of software products in tandem with EDT's ability to produce award-winning custom content enables the Company to deliver a larger array of solutions than any other single e-Learning provider. Some of these products include:

-- LearnLinc(TM)- a Web conferencing and online training software providing a live virtual classroom using the Internet;

-- i-Canvas(TM)- a training development software tool that produces Web-based and CD-Rom-based courses and software simulations;

-- Learning Manager(TM)- a learning management system (LMS) that administers, tracks and reports training progress. Learning Manager can also be upgraded with a suite of workforce performance management software tools that help organizations find the right internal people for the right jobs; provide employees with tools to match their career objectives with internal job opportunities; and enable supervisors to establish goals and provide job performance feedback to employees; and

-- The Executive Training Library - a library of training content on business-specific topics such as innovation, leadership and communication, co-developed with respected names in business such as the Tuck School of Business at Dartmouth College and Gary Hamel's Strategos Institute.

Each of the Company's products independently wins awards for best-of-breed technology, but they also operate as an integrated system. The products also integrate easily with third party, industry-compliant technologies.

About LearnLinc(R)

EDT's virtual classroom software won first place at the Synchronous e-Learning Shootout held at Online Learning's conference in the fall of 2002. LearnLinc was voted number one in the head-to-head competition, winning over such other notable companies as WebEx, PlaceWare, and Interwise. LearnLinc, one of the first live virtual classroom software products on the market, provides its customers with one of the most comprehensive feature sets available today. You can obtain additional information about the LearnLinc software at www.EDTLearning.com/LearnLinc. LearnLinc's award-winning feature set includes:

-- Multiple party application sharing;

-- One- or two-way streaming video;

-- Full-featured whiteboard, Text Chat and Question the Presenter;

-- Audio and video clips, animation, simulations, learning exercises, and tests results;

-- Recording and playback of sessions;

-- Testing with automatic grading and database reporting; and

-- Screen capturing of any student desktop that can be shared with the rest of the class.

More Company information is available at www.edtlearning.com.

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