CBT Group Signs Definitive Agreement to Acquire Personal Training Systems.CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Group PLC (Nasdaq:CBTSY) today announced it has signed a definitive agreement with Personal Training Systems, based in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. Consummation of the acquisition is subject to various conditions, including receipt of any required regulatory approval. The purchase price is expected to be approximately $5.8 million payable in CBT stock. Personal Training Systems (PTS PTS put to sleep; a common euphemism for euthanasia, but also used to describe general anesthesia. ) develops and produces audio-based 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). training software for personal computer users. Its revenues were $2.8 million in fiscal 1995. The Company currently has a variety of training titles including training software for Netscape, Lotus, Microsoft and Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. (Quicken). The titles are distributed through computer retail channels such as Computer City, Frys and Price/Costco. "PTS has established a position in the market for consumer education software," said Bill McCabe William Francis McCabe (October 28, 1892 in Chicago, Illinois - September 2, 1966 in Chicago, Illinois), was a professional baseball player who played outfielder in the Major Leagues from 1918-1920. He would play for the Chicago Cubs and Brooklyn Dodgers. , chief executive officer of CBT Group. "The consumer education market represents a strategic opportunity for CBT to expand its presence as the leader in interactive education software, and PTS has a sound foundation in this important consumer education software market." CBT Group is a leading provider of interactive education software designed to meet businesses' information technology education and training needs. The Company develops, publishes and markets a broad library of software titles focused on client/server technologies and delivered on networked and standalone PCs. The Company's products are used by hundreds of the world's leading corporations to train employees to effectively develop and apply client/server technologies. Each CBT Group customer is supported by a network of experienced sales, service and support professionals and specialists. CONTACT: CBT Group PLC, South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. Bill McCabe, 415/737-9050 or Morgen-Walke Associates Doug Sherk/Jenifer Kirtland/David Gennarelli, 415/296-7383 Jill Ruja/Elissa Grabowski, 212/850-5600 |
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