EDT Learning Releases LearnLinc Version 7.0; Company Improves Award-Winning Software Capabilities and Announces Future Product Suite.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--May 22, 2003 EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT Learning, Inc. (AMEX AMEX See: American Stock Exchange :EDT) announced today the release of LearnLinc(R) Version 7.0. This release is the latest improvement of the software that won first place at the Synchronous e-Learning Shootout Shootout Venture capital jargon. Refers to two or more venture capital firms fighting for the startup. held at Online Learning's Conference in the fall of 2002, winning over such other notable companies as WebEx, PlaceWare, Interwise, and Eluminate. LearnLinc 7.0 incorporates significant product enhancements derived from the LearnLinc customer base, which has logged millions of hours collaboratingin real-time with the software. "LearnLinc and real-time collaboration are the major initiatives at EDT," said president and chief executive officer James M. Powers, Jr. "LearnLinc has superior functionality when contrasted with other collaboration software See collaborative software. , and we consistently defeat our competition on feature strength in third-party evaluations by consultants and customers. Our product depth, in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with superior voice-over-IP capabilities, and our flexible and competitive pricing options (licenses can be hosted and leased through EDT or clients may purchase the software and install it on their own servers) make LearnLinc a very attractive Web communication and collaboration solution." The Company also announced the scheduled release in late June of OfficeLinc(TM), a suite of collaboration products See collaborative software. that complement LearnLinc's virtual classroom and online meeting functionality. Commenting on the future direction of the software, Dr. Powers noted, "Although our clients use our software for many types of collaboration activities, LearnLinc has traditionally been categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat as software for virtual classroom instruction. We anticipate delivering new versions of the software that enable organizations to collaborate in new ways. Our new four-product suite of products will include LearnLinc for online instruction as well as new products specifically designed for other collaboration activities including technical support, marketing events, and online meetings." New Features LearnLinc 7.0 delivers a large set of new features specifically developed to meet and/or exceed the capabilities of the physical classroom. "I was impressed with the new features in LearnLinc 7.0. With this new version, EDT Learning has enabled the instructor to make a stronger connection with the students. We are excited about using this new release," noted Dave McGann, coordinator for satellite programming & distance learning for the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Office of Children and Family Services. New LearnLinc 7.0 features include: -- Web Casting - In the 7.0 release, EDT has incorporated Web casting as an additional way to collaborate. Users now have a solution for very large meetings (100 or more) in which many participants need to receive information at one time. This new functionality contains a simplified interface that restricts attendees from disrupting the presenter, but allows them to use text chat to communicate with each other or the presenter and to respond to polling questions. -- Participation Meter - The Participation Meter continuously measures the activities of each participant and reports back to the facilitator (and assistants) if the people in the meeting are engaged, somewhat engaged, or not paying attention. Facilitators can check the levels of participation by each individual person or look at an overall rating for the group. -- Smart Push - This feature automatically copies content to each participant's local PC before a session starts so that valuable bandwidth is not used during the session. Whiteboard The electronic equivalent of chalk and blackboard, but between remote users. Whiteboard systems allow network participants to simultaneously view one or more users drawing on an on-screen blackboard or running an application. and Powerboard files are sent to a local temp directory See temporary folder. for use during class. Content is only sent to participants that are registered for the respective sessions and is automatically deleted if the participant is unregistered or the content is removed. Smart Push can be enabled and disabled for each class, meeting, or Web cast. -- Event Scheduling Event scheduling is the activity of finding a suitable time for an event such as meeting, conference, trip, etc. It is an important part of event planning that is usually carried out at its beginning stage. and License Management - Classes, Meetings, and Web Casts can be scheduled as recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. events. Users may now easily schedule the same class to occur every week at the same time or have it occur every week at several different times. LearnLinc 7.0 also allows users to schedule the use of their concurrent licenses so they will never have participants trying to join a session without enough licenses. -- Classroom Email Invites and Reminders - LearnLinc 7.0 now allows users to automatically send an email "invitation" to all of the registered participants. These email invitations allow participants to click on a link that instantly creates a calendar event for the meeting or class inside Microsoft Outlook. LearnLinc will also automatically send a reminder email the day before the class is scheduled to start. Participants can join any type of collaborative session simply by clicking on a link in their email or on their calendars. -- Instructor-Assisted Scoring - Classroom instructors can now assign scores to each student from inside class. These scores are written to the LearnLinc database in AICC AICC anti-inhibitor coagulant complex. SCORM-compliant format and can be accessed from the LearnLinc Virtual Campus. LearnLinc will also display how long each student stayed in class. -- Increased Server Efficiency - LearnLinc will now support up to 500 users on a single server. This feature reduces the total cost of ownership for the software. As with previous releases, servers can also be cascaded to support very large numbers of users and to reduce bandwidth. About EDT Learning, Inc. Headquartered in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , EDT Learning is a leading provider of collaboration and training software for corporate, government, and education clients. EDT Learning's products include: -- LearnLinc(R) - A Web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. , collaboration and online training software providing live collaboration and virtual classrooms using the Internet. -- TestLinc(TM) - A software product that allows tests to be created, delivered, graded, and reported in a standard Web browser. -- i-Canvas(TM) - A training development software tool that produces Web-based and CD Rom-based courses and software simulations. -- The Executive Training Library - An off-the-shelf online library of content on business-specific topics such as innovation, leadership, and communication, co-developed with respected names in business such as the Tuck School of Business at Dartmouth College Dartmouth College, at Hanover, N.H.; coeducational; chartered 1769, opened 1770, the ninth colonial college (see Wheelock, Eleazar). Originally a men's college, Dartmouth began admitting women in 1972. . More Company information is available at www.edtlearning.com. About LearnLinc(R) LearnLinc is software that supports online collaboration, Web conferencing, and virtual classrooms. LearnLinc is installed in corporate, government, and educational organizations with 18,000 concurrent usage licenses, an estimated 144,000 users and millions of virtual collaboration Virtual Collaboration - Two or more people collaborating together to accomplish a task without the use of face to face interaction. Examples of Virtual Collaboration include Audio Conferencing, Video Conferencing, or Computer mediated communication. hours logged. Developed in 1994, the collaboration software was the first of its kind and has become globally accepted with versions available in six different languages including English, French, German, Japanese, Portuguese, and Spanish. LearnLinc won first place at the Synchronous e-Learning Shootout held at Online Learning's Conference in the fall of 2002, winning over such other notable companies as WebEx, PlaceWare, Interwise, and Eluminate. You can obtain additional information about the LearnLinc software at www.edtlearning.com. This press release contains information that constitutes 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. made pursuant to 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. provisions 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 involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Factors that could contribute to such differences include the rate of acceptance of e-Learning and changes in the e-Learning market in general, use of the Internet, acceptance of new products, the need for working capital, payments from affiliates, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and other matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. |
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