Academic Systems Sees Dramatic Shift to Web-Based Version of Courseware; Lightspan, Inc.'s College Division Sees Unprecedented Demand for Internet-Based Learning.Business Editors and Education/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 9, 2000 Academic Systems, Lightspan, Inc.'s (Nasdaq:LSPN) higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. division and a leading provider of multimedia instructional programs for college students, has just shipped new Web-based releases of its award-winning Interactive Mathematics and Interactive English courses. Academic Systems shifted to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the in response to faculty requests for student and instructor access at anytime, from anywhere. As a result, the majority of their 280 partner campuses have adopted the new versions for use this fall. These new Web-based releases of Interactive Mathematics and Interactive English are available at the same price as the current CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). versions, but enable faculty to incorporate Web links and notes and generate Web-based reports, in addition to gaining increased accessibility. "Clearly, the market for online education is exploding, and Academic Systems is in line with the trend," said John Brandon, president of Academic Systems. "The enthusiasm for our Web-based courseware Educational software. See CBT and OpenCourseWare. (application) courseware - Programs and data used in Computer-Based Training. is evidence that faculty and students demand the flexibility Internet instruction offers. The majority of our customers have made the switch, and we expect even more of our campuses to do so during this academic year." Some of the largest college and university systems have adopted Academic Systems' new Web- based products. These include various California State University Enrollment Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). ; the Dallas County Community College District The Dallas County Community College District (or DCCCD for short) is a network of seven community colleges in Dallas County, Texas (USA). The district was founded in 1965 and the first school, El Centro College, located in downtown Dallas, was established in 1966. ; and the St. Petersburg Community College and Valencia Community College The college was founded in 1967 as Valencia Junior College, taking its current name in 1971. It has several campuses in Orlando with additional campuses in Kissimmee and Winter Park. More than 50,000 students enroll each year. Districts in Florida. Brandon observed that college students' use of online education is accelerating even more rapidly than most people anticipated. "There are many reasons for this stunning growth," he said. "But essentially, the combination of high quality interactive instruction with the convenience of the Web is the clear winner. While much of Web-based instruction is like an electronic correspondence course, Academic Systems offers so much more. Faculty and students love our rich, multimedia content. And now they've gained greater accessibility to teaching and learning." About Academic Systems Academic Systems Corporation, the higher education division of Lightspan, Inc. (Nasdaq:LSPN), has focused on meeting the needs of higher education faculty and students since it was founded in 1992. Its first products were interactive, multimedia instructional programs that offer an enhanced learning environment in mathematics and writing for college students in developmental and entry-level courses. Created in concert with educators, Academic Systems' Interactive Mathematics and Interactive English programs have demonstrated increases in learning and achievement. Academic Systems' CD-ROM and Web-based courses are offered at more than 280 college campuses nationwide and are used by more than 250,000 students. academic.com, Academic Systems' newest Web-based product, offers a complete eLearning solution for online general education courses across many disciplines. For more information, visit the Website at www.academic.com or call 800/694-6850. Statements in this press release that are not historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, our belief that more campuses will choose Web-based products in the future, and that the market for on-line education will continue to grow. These statements involve a high degree of risk and uncertainty and are predictions only; actual events or results may differ materially from those projected in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Factors that could cause or contribute to differences include volatility of the Company's expenses and operating results, market acceptance of the Company's curriculum-based software and Internet products, management of growth, risks associated with expanding the Company's Internet business, risks associated with new product releases, risks associated with hosting of customer data and server availability, changes in funding for schools, technological advances and risks related thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. , and risks associated with the Company's rapid growth. These factors and others are more fully described under "Risk Factors" in Lightspan, Inc.'s Annual Report filed on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other filings with the Securities and Exchange Commission. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion