EDT Learning Releases Version 1.5 of i-CANVAS; New Version Merges Best Features from Both i-Canvas and LearnLinc.Business/High-Tech/Education Writers PHOENIX--(BUSINESS WIRE)--Jan. 9, 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 i-Canvas version 1.5. The e-Learning authoring software has been recognized as one of the industry leading content development tools and won first place at the 2001 Software Simulation Shootout Shootout Venture capital jargon. Refers to two or more venture capital firms fighting for the startup. at Online Learning Expo. This version of i-Canvas not only provides its users with additional features, but also integrates online courses created with i-Canvas with LearnLinc(R). The acquisition of LearnLinc by EDT Learning from Mentergy, Inc. was closed in December 2002 and provided to EDT Learning a comprehensive 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. and online training software rivaling the likes of WebEx and Placeware. In this version, an i-Canvas course can now be published either as a self-paced, online course or as a course that will run in a synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. fashion in a LearnLinc online classroom. The publishing feature only requires the instructor to drag and drop A graphical user interface (GUI) capability that lets you perform operations by moving the icon of an object with the mouse into another window or onto another icon. For example, files can be copied or moved by dragging them from one folder to another. the files into the up-loader for inclusion in the LearnLinc classroom. The online instructor then has the option of synchronizing synchronizing, n a technique that a therapist uses to coordinate his or her breath with that of the client; builds trust and establishes relationship. coursework in a traditional "follow me" format or letting each student learn on their own pace with the instructor "looking over their shoulder." Quizzes either from the i-Canvas course or from TestLinc(TM) can also be incorporated into the class to provide assessment and certification. Commenting on the announcement, James M. Powers, Jr., EDT Learning's president and chief executive officer, said, "The recent purchase of LearnLinc has enabled us to provide our customers with the most robust synchronous software in the marketplace. i-Canvas version 1.5 represents the integration of two software technologies - i-Canvas, a content authorizing tool, and LearnLinc(R), a Web conferencing and online training tool. While these products have been integrated, they still also remain standalone software products, which are best of breed on their own." In combination with its already award-winning feature list, i-Canvas version 1.5 offers new features that include: -- Advanced Control on Skill Checks and Questions - i-Canvas can now advance skill check questions within an assessment allowing course designers to decide the level of simulation for task based assessments. This gives instructional designers the ability to test students on performing a task without interruption. Instructional designers can now set an assignable unit to reset students' tests after students take a test so that a student is presented with a new test for each training instance regardless of pass/fail. In addition, students may be presented with a completely reset test or only the questions they answered incorrectly. -- Expanded Demonstration Features - Demonstrations also have increased interactivity features, allowing instructional designers to set preferences for students to stop the page advances and perform an action. They can then resume the demonstration and continue learning. -- Increased Compliancy - Content produced with i-Canvas is now compliant with several other third-party LMS including GeoLearning, Saba, and IntraLearn. These LMS join the list of other major third-party LMS that will integrate easily with i-Canvas content including Docent, Ingenium, Knowledge Planet, My SmartForce, WBT Manager, and OnTrak. i-Canvas is also industry-compliant with non-specific AICC JSAPI, non-specific AICC HACP, non-specific SCORM v1.1, and non-specific SCORM v1.2 publishing options. 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 comprehensive e-Learning business solutions for corporate clients. EDT has been honored with more than 55 awards for excellence from notable e-Learning authorities such as The American Society for Training and Development (ASTD ASTD American Society for Training and Development ASTD American Society of Training and Development (Alexandria, Virginia) ASTD Air-Sea Temperature Difference ASTD Air Supported Threat Defense ), Brandon Hall, Inc. Magazine, and New Media Magazine. EDT continues to develop relationships with a client base of customers inside and outside of the Fortune Global 1000 including American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Citibank, Federal Express, General Electric, Helena, Hilton, Kyocera/Qualcomm, Toyota/Lexus, Oracle Corporation, and United Airlines. EDT Learning's comprehensive e-Learning software solutions are augmented with a suite of workforce performance management tools. This unique combination of software products 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 EDT's ability to produce award-winning custom content enables the Company to deliver a larger array of solutions than any other single e-Learning provider. EDT also provides its corporate customers with access to over 100 hours of off-the-shelf e-Learning courses including marketing, finance, accounting, communications, and leadership, developed with subject matter experts such as the Tuck School of Business The Amos Tuck School of Business Administration is the business school of Dartmouth College in Hanover, New Hampshire. Founded in 1900, Tuck is the oldest graduate school of business in the world. at Dartmouth, Employment Law Technology, and the Strategos Institute. EDT's software products include: -- i-Canvas(TM) - a training development software tool which produces Web-based and CD-Rom based courses and software simulations; -- LearnLinc(TM) - a Web conferencing and online training software providing a live virtual classroom using the Internet; -- Learning Manager(TM) - a learning management system (LMS) that administers, tracks and reports training progress; and -- Workforce Lifecycle Manager(TM) - A suite of workforce performance management software that help organizations: find the right internal people for the right jobs (People Search(TM) and Job Seeker job seeker also job·seek·er n. One who seeks employment. (TM)); provide employees with tools to match their career objectives with internal job opportunities (Career Planner(TM)), and enable supervisors to establish goals and provide job performance feedback to employees (Performance Coach(TM)). About LearnLinc(R) EDT's virtual classroom software won first place at the Synchronous e-Learning Shootout held at Online Learning's conference in the fall of 2002. LearnLinc was voted number one in the head-to-head competition, winning over such other notable companies as WebEx, PlaceWare, and Interwise. LearnLinc, one of the first live virtual classroom software products on the market, provides its customers with one of the most comprehensive feature sets available today. You can obtain additional information about the LearnLinc software at www.LearnLinc.com. LearnLinc's award-winning feature set includes: -- Multiple party application sharing A data conferencing capability that lets two or more users interactively work on the same application at the same time. The application is loaded and running in only one machine; however, keystrokes are transmitted from and screen changes are transmitted to the other participants. ; -- One or two-way streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. ; -- Full featured whiteboard, Text chat and Question the Presenter; -- Animation and video clips, animation, simulations, learning exercises, and tests results; -- Recording and playback of sessions; -- Testing with automatic grading and database reporting; and -- Screen capturing of any student desktop that can be shared with the rest of the class. More Company information is available 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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