Caliber Learning Network, Inc. and Deloitte & Touche LLP Extend Contract to Deliver Innovative Tax Advisor Institute.BALTIMORE--(BUSINESS WIRE)--July 9, 1999-- Caliber Learning Network, Inc. (Nasdaq: CLBR CLBR Costa Linda Beach Resort (Aruba) ) announced today that Deloitte & Touche LLP LLP - Lower Layer Protocol has renewed and expanded its contract. Caliber will now deliver distance learning programs for the Deloitte & Touche Tax Advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in Institute through December 31, 1999. The financial terms of the contract extension have been withheld for reasons of confidentiality. In 1998, Deloitte & Touche launched the Tax Advisor Institute through Caliber's nationwide network of campuses. The Tax Advisor Institute allows Deloitte & Touche instructors to collaborate twice a week with tax consultants in forty cities through live satellite broadcast, interactive videoconferencing, computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. and the Internet. "Caliber Learning Network enabled us to answer the age-old paradox of keeping our professionals' knowledge at the cutting edge while minimizing their time away from clients," said Rod Foster Roderick Allen Foster (born October 10, 1960 in Birmingham, Alabama) is a retired American professional basketball player (6-1, 160) who played for the Phoenix Suns of the NBA. He was drafted out of UCLA in 1983 in the second round of the NBA Draft (28th pick overall). , National Director of Tax Professional Development at Deloitte & Touche. "In 1998, the Tax Advisor Institute reached more than 350 professionals with key tax developments and provided a forum to share best practices," he added. Chris L. Nguyen, President and Chief Executive Officer of Caliber Learning Network, Inc. commented, "We are pleased that Deloitte & Touche found the Caliber learning model helped solve their key business issues and we are looking forward to our continued partnership." Deloitte & Touche LLP is one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, providing accounting, auditing, tax and management consulting services through 28,000 professionals in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , a global leader in professional services with more than 82,000 people in 130 countries. Caliber has established an extensive professional development and education distribution network of more than 40 centers throughout the United States designed to meet the needs of prominent universities, major corporations, and working adults. The Company distributes graduate-level courses and certificate programs developed by leading universities and offers professional development and education programs and training services to Fortune 1000 corporations. Caliber Learning Network, Inc., (Nasdaq: CLBR) is an affiliate of Sylvan Learning Systems, Inc., (Nasdaq: SLVN). The Company has leveraged Sylvan's educational expertise to create a leading-edge distribution network for adult education and professional development services. This release may include information that could constitute forward-looking statements 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. provision 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 forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward- looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings. Media contact for Caliber: Laurel Peltier, Product Marketing. Phone: 410-843-1061. E-mail: laurel.peltier@educate.com or information on Caliber Learning Network, Inc., visit the company's web site: www.CaliberLearning.com |
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