Caliber and Enron Announce Alliance to Improve eLearning Experience for Global 2000 Customers.Business/Technology Editors BALTIMORE, Md.--(BUSINESS WIRE)--July 5, 2000 Caliber Learning Network, 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 :CLBR CLBR Costa Linda Beach Resort (Aruba) ), the leading developer and global distributor of integrated corporate eLearning and training solutions, today announced an alliance with Enron Broadband Services, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Enron Corp. (NYSE NYSE See: New York Stock Exchange :ENE), to deliver portions of Caliber's WebCORE suite of distance learning solutions over the Enron Intelligent Network. Enron's broadband network and embedded streaming media See streaming audio, streaming video and digital media hub. applications will provide an enhanced platform for enriching the online viewing and participation learning experience of Caliber's Global 2000 customers. By using Enron's network and application delivery services and expertise, Caliber gains additional high-quality and reliable transmission capabilities, and an enhanced viewing environment for its Internet-based learning programs. Caliber's WebCORE platform combines streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. , presentation slides and a suite of interactive communications tools for effective learning over the Internet. This alliance will enhance Caliber's overall client offerings for delivering WebCORE livecasts, WebCORE on Demand and WebCORE inClass services. Further, Enron and Caliber have agreed to jointly sell and market this premium product for online learning services and share market and client relationship management data. "Caliber's Global 2000 customers are especially concerned with the success of corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. and training programs," said Kenneth Rice, chief commercial officer of Enron Broadband Services. "By deploying Caliber's leading eLearning services across the Enron Intelligent Network, we are helping to decrease training communications expenses and improve the efficiency and availability of these important tools." Enron's distributed server, Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) broadband network delivers high-quality video and sound to the desktop, dramatically improving the viewing experience for end users. Streaming media over the Enron network bypasses the congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. of the Internet, delivering rich media content at speeds 50 times faster than the public Internet. Enron's distributed server network architecture and network intelligence allow content to be served from the edge of the network, closer to viewers, at broadband speeds. "Our relationship with Enron represents an ongoing commitment to enhance the delivery quality of our eLearning services and to surpass the expectations of our corporate clients," said Chris Nguyen, president and 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. of Caliber. "Enron enables Caliber to offer guaranteed high-quality broadband service levels that our clients were increasingly demanding. We are pleased this relationship with Enron allows us to surpass our clients' requirements." About Enron Broadband Services Enron Broadband Services is a leading provider of high quality, high bandwidth delivery and application services See ASP and Web services. . The company's business model combines the power of the Enron Intelligent Network, Enron's Broadband Operating System, bandwidth trading and intermediation services, and high-bandwidth applications to fundamentally improve the experience and functionality of the Internet. Enron's Broadband Operating System allows application developers to dynamically provision bandwidth on demand for the quality of service necessary to deliver broadband content. Enron is also creating a market for bandwidth that will allow network providers to scale to meet the demands required by increasingly complex applications. Enron Broadband Services can be found on the Web at www.enron.net. Enron is one of the world's leading electricity, natural gas and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron "Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best Company for "Employee Talent." In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work for in America." Enron's Internet address is www.enron.com. The stock is traded under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "ENE." About Caliber Learning Network, Inc. Caliber Learning Network, Inc. (NASDAQ: CLBR) is a leader in Internet-based business communications and corporate training solutions. Through its WebCORE platform, Caliber enables its clients to use the Internet for their traditional training and communications programs, dramatically increasing the reach of these programs while simultaneously reducing the costs. For more information about Caliber, visit the company's Web site at www.caliber.com. 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. language: This release may include information that could constitute forward-looking statements made pursuant to the safe harbor 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion