Charles Schwab to Use Teamscape for the Schwab Learning Intranet.

BURLINGAME, Calif.--(BUSINESS WIRE)--Aug. 2, 1999--

Teamscape Learning Portal to Enable a 100%

Web-Based Learning Environment With Personalized 

Views for All Schwab Employees

Teamscape Corporation, a pioneer in Corporate Learning Portals, announced today that Charles Schwab & Co., Inc. (NYSE:SCH) will use Teamscape Learning Portal for its Schwab Learning Intranet. The company-wide implementation is a one-stop, self-service environment on the Schwab Intranet for all training delivered to over 13,000 users across 8 separate business units worldwide.

By moving their global training operations onto the web and delivering day or night access to training for all users, Schwab expects significant operational cost-savings, enhanced productivity, and improved overall employee training.

A Unified Corporate Learning Infrastructure

"Teamscape will play a strategic role in enabling Charles Schwab to create a unified learning and training infrastructure on the web," said Irene Beiriger, Schwab's Vice President Retail Client Services Training and Development. "The end result will be employees who are better trained and a training organization ready for the 21st century."

"A key requirement for the Schwab Learning Intranet was an entirely web-based system that could be rolled out quickly to our 13,000 users and training staff worldwide," said Patrick MacKellan, Schwab's Director of Educational Technology. "Teamscape was the only major learning management system we looked at that delivered a 100% web architecture from the ground up."

Delivering on Schwab's Business Goals

"Teamscape provides a critical missing piece as we strive to be the world-class leader in employee development. This quest is crucial to our current business environment and mission-critical for the future of our company," said John Bunch, Schwab's Vice President Branch Education and Sales Training.

"Teamscape will provide one central database for all training-related data and will help us significantly improve the efficiency of our training operations," said Donna Corwin, Schwab's Director of Retail Client Services Training Operations and Technology, Charles Schwab. "Teamscape Learning Portal will help us automate previously manual and very time-consuming training processes."

"Teamscape is excited about working with an industry leader and technology innovator like Charles Schwab," said Mani Iyer, Teamscape's President and CEO. "We look forward to teaming with Schwab to deliver a company-wide learning infrastructure that is closely aligned with Schwab's overall business goals."

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     Key Features of the New System

--   Personalized Curriculums - Schwab employees can access a
     personalized curriculum tailored to their individual jobs,
     training needs, and career paths. Students will be able to enroll
     in classes, manage their training histories, and see recommended
     and mandatory training via the web.

--   New Hire Training Programs - Teamscape Learning Portal automates
     the new hire training process. As new customer service reps,
     brokers, and branch managers are hired, they are entered into all
     appropriate training programs. Managers and training coordinators
     can track employees' progress.

--   Mandatory Training and Certification - Automated tracking of
     Series 7 certification and employee training to comply with SEC
     licensing requirements. Rapid certification of service reps based
     on successful completion of online quizzes, exams, role-plays,
     and work simulations.

--   New Product Training - Ensure delivery of mandatory employee
     training on new products and services prior to their launch to
     ensure the highest levels of customer service.

--   Management of Multiple Training Groups - Schwab's 8 major
     business units have many unique needs and requirements and are
     spread across 310 branch offices and multiple service centers
     worldwide. Teamscape Learning Portal will allow them to have
     their own information views and look-and-feel, while
     simultaneously delivering the economies of scale and benefits of
     a unified, centralized system.

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About Charles Schwab & Co., Inc.

Charles Schwab & Co., Inc., serves 6.2 million active accounts with $592 billion in customer assets. Schwab currently has 2.8 million active online accounts with $251 billion in customer assets.

Schwab provides a full-service investing experience to customers through a multi-dimensional offering of the Internet, 310 branch offices, speech recognition and touch-tone telephone technologies, multilingual and international technologies, and direct access to professionals day or night. Schwab has been a pioneer in online investing and has been a leader in customer technologies. Member SIPC/NYSE (0799-4575).

About Teamscape

Teamscape Corporation is the leader in Corporate Learning Portals that provide the one place on the web to unify all learning at a company. Teamscape Learning Portal v2.5 provides full learning lifecycle functionality, including: curriculum planning, content integration, scheduling and logistics, student enrollment, course delivery, competency management, and comprehensive reporting.

The system is 100% web-based and includes personalized views for employees, customers, and partners. Teamscape's customers are large corporations and government agencies. Teamscape is privately held and is headquartered in Burlingame, Calif. For more information, visit http://www.teamscape.com.

Note to Editors: Teamscape, Teamscape Learning Portal, and the Teamscape logo are registered trademarks of Teamscape Corporation. Charles Schwab is a registered trademark of Charles Schwab & Co., Inc. All other names are trademarks and/or registered trademarks of their respective owners.