ASI Solutions Acquires Stake in CyberU.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Oct. 17, 2000 Strategic alliance creates the most comprehensive eLearning player in the market ASI ASI, n See Anxiety Sensitivity Index. Solutions Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASIS 1. ASIS - Application Software Installation Server. 2. (language) ASIS - Ada Semantic Interface Specification. ), a leading global provider of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. consulting and outsourcing services, announced today that it has formed an equity based alliance with a $3 million investment in CyberU, Inc., a leading provider of online education and corporate training. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. ASI's Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bernard F. Reynolds, the Company's strategic investment in CyberU will enable ASI to take advantage of the accelerating trend toward online corporate training, a market that is estimated to increase to more than $11 billion by 2003. ASI intends to extend its range of services to new and existing clients and provide a new distribution channel for its Performance Improvement Service offerings. "This alliance establishes our strategic commitment to corporate eLearning," said Mr. Reynolds. "We are particularly excited about the opportunity to extend the reach of our assessment programs in support of individual and organizational training needs analysis, the starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the for any effective corporate wide eLearning initiative." Mr. Reynolds went on to say, "based on an extensive review of offerings in this field, CyberU has the most compelling ASP based content, training and tracking model we have seen, producing a turn-key corporate wide solution. CyberU has put together an outstanding management team dedicated to achieving their corporate success through absolute customer satisfaction - a vision we both share deeply." CyberU's CEO, Adam Miller Adam Wain Miller (born November 26, 1984, in Plano, Texas), is a right handed pitcher who is currently a top prospect in the Cleveland Indians organization. He started the 2006 season as a starting pitcher with the Double A Akron Aeros. , commented that ASI represents an ideal partner for the company. "ASI supplements CyberU's unmatched Corporate Educational System with world-class assessment and customer support training. In addition, ASI's 22 years as a leader in creating and implementing human resource solutions brings tremendous experience to complement CyberU's cutting-edge technology and educational services. We are delighted to associate with a company as successful and effective as ASI has demonstrated itself to be." About CyberU: CyberU is a comprehensive source of online education and corporate training to corporations, small business and individuals. Founded in 1999, CyberU has become the premier guide to education over the Web, providing one-click access to thousands of educational resources and over 17,000 online courses for personal and professional development. CyberU's Corporate Education System provides training managers with a comprehensive solution for cost-effectively administering enterprise-wide corporate education, integrating online and offline educational content. CyberU's network of affiliates and distribution partners provides businesses with access to top-tier online corporate training. The Company has formed a number of strategic alliances for content, services and distribution. CyberU is based in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, . To learn something today, visit CyberU at www.cyberu.com. About ASI: ASI Solutions Incorporated (NASDAQ: ASIS) is a leading provider of a unique blend of human resources consulting and outsourcing services for organizations seeking to hire, train and develop a higher quality, more effective workforce. The company offers services in three areas: Performance Improvement; Employment Process Outsourcing; Compensation & Market Share Studies (McLagan Partners). Proudfoot Reports Incorporated, a subsidiary of ASI, has provided customized pre-employment background investigation solutions for over 100 years. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such statements are subject to risks that could cause the actual results to vary materially, including those discussed in our quarterly and annual filings with the Securities and Exchange Commission, negative developments relating to unforeseen order cancellations or push-outs, ASI's strategic relationships, the impact of intense competition on our ability to maintain existing business and generate new business, and changes in our industry. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We will not undertake and we specifically disclaim any obligation to announce revisions to any such forward-looking statements to reflect events or circumstances occurring after such statements were made. |
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