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EDT Learning Wins Exclusive State Contract; LearnLinc Web

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Investorman Member Level  Thursday, 03/27/03 06:09:56 PM
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EDT Learning Wins Exclusive State Contract; LearnLinc Web Conferencing Software Wins in Blind Evaluation Against Other Industry Leaders
March 27, 2003 09:08:00 AM ET

PHOENIX--(BUSINESS WIRE)--March 27, 2003--EDT Learning, Inc. EDT announced today the signing of a contract with a state government for the next two years. The Company won the contract through a blind evaluation process in which Web conferencing software vendors submitted their products and pricing to an independent state evaluation committee for review. The committee judged each organization on their product's functionality, stability, support, and overall value. The LearnLinc(R) software was chosen by this independent committee as having the highest overall rating among the Web conferencing market leaders competing in the evaluation.

Commenting on the announcement, James M. Powers, Jr., EDT Learning's president and chief executive officer, said, "In side-by-side comparisons, LearnLinc consistently defeats other market leaders with its more robust feature set. Although EDT operates with a smaller sales and marketing budget than the companies we compete against in the Web conferencing space (WebEx, PlaceWare, and Centra), we continue to win business by delivering superior products with excellent support and an array of award-winning services. We believe this contract will result in revenues of $500,000 to $1 million over the next two years. We see the awarding of this contract, the referrals our existing clients give us, and the demonstrated success we have over our competition in third-party evaluations as a validation of the superiority of our software."

LearnLinc will be the exclusive collaboration software for the state and their more than 50 agencies for the next two years. EDT Learning estimates that this contract will allow thousands of users within the state to take advantage of LearnLinc's virtual classroom, Web conferencing and collaboration capabilities.

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