Celerity Systems Adds TeachStream Content to Schools Solution.Business Editors & Technology/Education Writers KNOXVILLE, Tenn.--(BUSINESS WIRE)--Dec. 15, 2000 Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) today announced that they have entered into an agreement with TeachStream, Inc., formerly The Video Journal of Education of Sandy, Utah Sandy (also known as Sandy City) is a city in Salt Lake County, Utah and a suburb of Salt Lake City. As of the 2000 census, the city had a total population of 88,418. A 2006 estimate placed its population at 94,203, making it the fifth-largest city in Utah. , to incorporate TeachStream's innovative professional development content in the interactive digital video systems it is seeking to provide for schools. "Following the positive response from the National School Board Association Technology and Learning show in October, it became clear to us that professional resources and skills development are key elements in the programming which schools want and need today. Most content in schools is targeted toward student teaching, but stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in the educational process want teachers to have all the tools they need to provide the most effective learning experience," said Cabot Longnecker, Director of Worldwide Sales and Marketing for Celerity Systems. "TeachStream's extensive library of content for teacher professional development is outstanding and covers a wide range of important topics including Accountability, Assessment, Brain Research, and Conflict Resolution. This relationship with TeachStream is the first step in Celerity's plans to offer a comprehensive end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for schools that encompasses the needed hardware, software and educational content." "We are pleased to be part of Celerity's digital delivery solution," added Chet D. Linton, 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 TeachStream. "Our company was formed with the mission of increasing learning in today's schools by giving educators a complete set of skills training tools so that the quality and cost effectiveness of education can be maximized. The lack of a robust digital platform to deliver this programming within schools and school systems was our biggest issue, but with Celerity, we have confidence that the programming will be accurate, timely, and very compelling." Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets. Celerity can also provide end-to-end systems through strategic relationships with leading companies including Cisco, Battelle Laboratories, Innovacom, Marconi, Nortel, nCube, and Minerva Systems. 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. Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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