CeleXx Corporation's Subsidiary Awarded Dow Chemical Contract.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Dec. 21, 1999 CeleXx Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXX) announced today that its 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. , Pinneast.com has been awarded an open-ended contract and preferred vendor status with Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. (NYSE NYSE See: New York Stock Exchange :DOW). Pinneast.com is a developer of Interactive Web and intranet based training solutions and will develop and host Dow Chemical Company's worldwide computer based training programs. The contract entails instructional design Instructional design is the practice of arranging media (communication technology) and content to help learners and teachers transfer knowledge most effectively. The process consists broadly of determining the current state of learner understanding, defining the end goal of , graphic and program development. The program will be developed in six languages to include: French, German, English, Portuguese, Spanish and Dutch. Pinneast is presently working with Dow Chemical's five worldwide divisions on training programs that include: Environmental Health and Safety, Engineering, Manufacturing, Sales and Human Resource Development. Mitch Smith Mitch Smith (born 04 September 1966 in U.S.) is former professional basketball player. He played most of his career in Turkey. Career
Lyn Hamilton, Dow Chemical's Global Training Manager said, "Dow initiated its web based training program in 1998 and launched it in early 1999. Our training program system serves approximately 40,000 Dow employees globally." She also added, "They were able to push the envelope. They took into account Dow's limitations of bandwidth and technical requirements and yet were able to produce a totally superior product. Their biggest value is they can take a course development and move it far beyond the basic page turner. They know how to structure, how to design and how to maximize the capabilities of this technology within the restrictions of the Web world today." The Private Securities Reform Act of 1995 provides a "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. " for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the companies and success of current product offerings. Such forward looking information involved important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. |
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