Asymetrix Learning Systems, Inc. Announces Acquisition of Strategic Systems Associates, Inc.; Asymetrix to Provide Online Learning Solutions to Retail Industry.BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 12, 1998--Asymetrix Learning Systems, Inc., (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 :ASYM) a leading provider of Internet-based enterprise learning solutions, recently announced the acquisition of Strategic Systems Associates, Inc (SSA (Serial Storage Architecture) A fault tolerant peripheral interface from IBM that transfers data at 80 and 160 Mbytes/sec. SSA uses SCSI commands, allowing existing software to drive SSA peripherals, which are typically disk drives. ), a Chicago-based multimedia training provider, specializing in providing customized Internet and computer based training solutions to the retail industry. "Asymetrix is committed to providing comprehensive online learning solutions for the retail industry," said Kevin Oakes, President of Asymetrix Learning Systems, Inc.. "The acquisition of SSA validates this commitment and strengthens Asymetrix's presence in the retail industry, as well as provides Asymetrix with a larger presence for custom development and training on our products in the greater Chicago area." The acquisition of SSA consolidates Asymetrix Chicago area offices, creating a single office with a substantial workforce located near Chicago's O'Hare airport. Seminars on Asymetrix' popular ToolBook II line of authoring products, and Librarian training management system will be held regularly at the new office location. Asymetrix will also increase the number of training classes currently being offered in the Chicago area to better service the midwest market. Additionally, Asymetrix announced the appointment of Gary Johnson Gary Johnson may refer to:
About Asymetrix Learning Systems Asymetrix Learning Systems, Inc. (NASDAQ:ASYM) is a leading provider of online enterprise learning solutions that enable organizations to author, deploy and manage Internet-based training and education. Asymetrix offers a single source training solution incorporating learning management and authoring software products with professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , including custom development, strategic consulting and integration services. For more information on Asymetrix solutions, call 800/448-6543 or 425/462-0501. Asymetrix Learning Systems Inc. is located on the World Wide Web at http://www.asymetrix.com Forward looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. Investors are cautioned that 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. , including the forward looking statement concerning contribution to Asymetrix from this acquisition, involve significant risks and uncertainties, including and without limitation: the ability of Asymetrix to retain and motivate key acquired company personnel who are not subject to employment contracts or noncompetition agreements; risks to Asymetrix of the increased operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. arising out of this and other acquisitions; the ability of Asymetrix to integrate successfully the acquired company's products or personnel with Asymetrix's products and personnel and the risk of unforeseen delays in the integration process; market acceptance of the integrated product and customer uncertainty resulting from the acquisition; and risks related to the business of Asymetrix as detailed in the Company's Prospectus dated June 12, 1988 on file with the SEC. Asymetrix Learning Systems, Inc. International Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Contact -------------------------------------- Europe The Weber Group 2 Endell Street Covent Garden Covent Garden (kŭv`ənt), area in London historically containing the city's principal fruit and garden market and the Royal Opera House. , London Tel: 44 171 240 6189 Fax: 44 171 240 6195 ars publicandi Am Grauen Stein Stein , William Howard 1911-1980. American biochemist. He shared a 1972 Nobel Prize for pioneering studies of ribonuclease. 6 D-56244 Freilingen, Germany Tel: (0 26 66) 95 29 11 Fax: (0 26 66) 95 29 29 (c)1998 Asymetrix Learning Systems, Inc. All rights reserved.
CONTACT: Asymetrix Learning Systems, Inc., Bellevue
Carrie Morris, 425/637-1525 or 425/637-1682
carriem@asymetrix.com
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