For Second Consecutive Year, Military Training Technology Magazine Awards Ribbon to SumTotal Systems.Software Maker to Exhibit Award-Winning Technology at I/ITSEC I/ITSEC Interservice/Industry Training, Simulation, and Education Conference Conference 2006 MOUNTAIN VIEW, Calif. -- Military Training Technology magazine and Kerrigan Media International have placed SumTotal([R]) Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SUMT SUMT Sequential Unconstrained Minimization Technique ) on the Military Training Technology 2006 Top 100 List for the second consecutive year. The list includes companies that have made significant contributions to the military training industry. SumTotal makes software that not only delivers and manages training over the Internet but also automates employee performance appraisals. Selection criteria for this year's list included customer feedback, innovation and volume of military sales. Military Training Technology magazine also awarded SumTotal an orange ribbon The orange ribbon is a symbol adopted for a wide variety of uses.
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the magazine, SumTotal "received contracts this year from U.S. Northern Command, Defense Security Service, U.S. Army Military Intelligence School, Defense Acquisition University and Defense Ammunition Center." "We believe our mission is giving warfighters a range of cutting-edge training and development tools that will help them complete their mission anywhere, anyplace and anytime," said Jim Gill, SumTotal Systems' director of Government Solutions. "Earning this ribbon and place on the Top 100 confirms we've kept our focus upon our mission and our expertise." The magazine's editorial board and panel of independent experts also noted SumTotal's acquisition of MindSolve Technologies Inc., a privately held provider of performance management software, in describing why SumTotal earned a place on this year's Top 100 list. According to industry analysts, the MindSolve solution provides best-in-class, patented technology for analyzing skills and appraising performance. The SumTotal Enterprise Suite 7.2 now combines the industry's leading learning management system (LMS) (http://www.sumtotalsystems.com/products/stlms.html), learning content management system (LCMS LCMS Lutheran Church--Missouri Synod LCMS Learning Content Management System (Docent, Inc.) LCMS Living Conditions Monitoring Survey LCMS Louisiana Center for Manufacturing Sciences LCMS Lindero Canyon Middle School ) (http://www.sumtotalsystems.com/products/stlcms.html), virtual classroom service (VCS (1) (Verilog Computer Simulator) See Verilog. (2) (Version Control System) See version control. ) (http://www.sumtotalsystems.com/products/stvcs.html), dashboard (http://www.sumtotalsystems.com/products/stdash.html) measurement system and performance management solution on a single, integrated platform. From December 4 - 7, 2006, SumTotal executives will showcase the software maker's award-winning technology -- the SumTotal Enterprise Suite - at the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC), booth #646, at the Orange County Convention Center The Orange County Convention Center (OCCC) is the primary public convention center in Central Florida. The large complex is located on International Drive, a major tourist area in Orlando, Florida. on International Drive in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. . About SumTotal Systems, Inc. SumTotal Systems, Inc. (NASDAQ: SUMT) is the largest provider of talent and learning solutions. SumTotal deploys mission-critical solutions that align talent and knowledge with organizational processes and business goals to generate significant bottom-line results. With more than 17 million users worldwide, SumTotal has helped accelerate performance and profits for more than 1,500 of the world's best-known companies and government agencies including Accenture, Aetna, Cendant, DaimlerChrysler, Delta Air Lines, Harley-Davidson, Microsoft, Novartis, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank, U.S. Army, U.S. Air Force, U.S. Navy, U.S. Coast Guard, U.S. Bancorp You can assist by [ editing it] now. , United Airlines, Vodafone, Wachovia and Wyeth. SumTotal has offices in the United States, London, Paris, Frankfurt, Singapore, Sydney, Tokyo, Hong Kong and Hyderabad. For more information about SumTotal's products and services, visit www.sumtotalsystems.com. SumTotal and the SumTotal logo are trademarks or registered trademarks of SumTotal Systems Inc. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners. 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/ Forward-Looking Statements Information in this press release contains forward-looking statements. These statements represent SumTotal Systems' expectations or beliefs concerning future events. These statements are not historical facts or guarantees of future performance or events and are based on current expectations, estimates, beliefs, assumptions, goals and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. Additional factors that could cause actual results to differ include, but are not limited to: (i) the ability to successfully implement SumTotal Systems' solutions; (ii) unknown errors or bugs in SumTotal's software suite; (iii) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of SumTotal's software; (iv) the ability to successfully address technological developments and standards; (v) the acceptance of SumTotal's software suite and future product offerings; and (vi) other events and other important factors disclosed previously and from time to time in SumTotal Systems' filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on March 28, 2006, its quarterly report on Form 10-Q Form 10-Q See 10-Q. filed on November 9, 2006, its Form S-3/As filed on September 28, 2006, and October 2, 2006, and its Form 8-Ks. The forward-looking statements contained in this release are made as of December 4, 2006, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release. |
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