Click2learn Japan Launches e-Learning Network; New Company Poised to Take the Lead in Growing Japanese e-Learning Market.Business/High-Tech Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Feb. 1, 2001 Click2learn (Nasdaq:CLKS) today announced the launch of its strategic e-Learning solutions business to Japanese business professionals via Click2learn Japan, a joint venture between Click2learn, two Softbank (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SFTBF) companies -- Softbank Media & Marketing Corp. & Softbank Forums Japan, Inc -- and Toppan Forms Co., Ltd. The company was formed to provide the Japanese corporate training market with e-Learning courses on computer skills, professional development and management training. "As Japan's organizations adapt their businesses to respond to the changing global market, they are restructuring their workforces as well, employing younger workers and more part-time and contract workers than ever before. As a result, the need for quick and efficient training methods is on the rise, and e-Learning is being used to accelerate organizational readiness and increase human performance," said Kevin Oakes, 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 Click2learn. "The Japanese e-Learning market is expected to be a $10 billion market in this decade, and I believe we have an incredibly strong team in place to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this market. Softbank and Toppan Forms' experience and demonstrated leadership in Japan's training and information industries -- combined with Click2learn's 15 years of expertise in learning strategies -- will enable us to develop learning solutions uniquely targeted to Japanese learners and organizations," Oakes said. Japan's first e-Learning solutions will be delivered through Click2learn's e-Learning Network, an Internet-based, ASP platform that enables companies to create and manage their own proprietary online learning programs from a standard web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . Companies can create customized online courses or select courses within Click2learn's extensive library of Japanese business programs. Content can be delivered to individuals involved at any level of the business value chain -- from employees to distributors, vendors, business partners and customers -- to improve business performance. Toppan Forms, one of Japan's leading providers of business forms and comprehensive information management services, will market Click2learn Japan courses, services and strategic expertise to its 30,000 clients throughout the nation. About Click2learn Click2learn (Nasdaq:CLKS) is the leading integrated e-Learning solutions provider to Global 2000 organizations. The company provides a comprehensive solution that includes learning management and delivery systems, content creation services and tools, and e-Learning design and delivery expertise to improve workforce performance and commercialize intellectual property. Click2learn is headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , with offices in other U.S. cities, Europe and Japan. The company's customers represent a wide variety of industries, and include Microsoft, Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , Lucent Technologies, Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , Morningstar, American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the , ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Deloitte and Touche, General Motors, and GE. For more information about Click2learn's e-Learning solutions, call 800/448-6543 or 425/462-0501 or visit www.click2learn.com. This announcement contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including information contained in this document where statements are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipates" or similar expressions. For such statements, The Company claims the protection of 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. for forward-looking statements contained in 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. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include market acceptance of internet based training and the click2learn.com learning portal, the ability to successfully implement click2learn.com virtual universities and strategic relationships with content providers and other web-based companies, the ability of those relationships to result in increased users and increased revenues and the risk factors set forth in filings The Company has made with the SEC. |
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