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ProsoftTraining.com Names David Perl as President and COO; Former President John Buckley to Retire.

AUSTIN, Texas--(BUSINESS WIRE)--Feb. 24, 1999--ProsoftTraining.com (Nasdaq:POSO), the global leader for Internet certification, training and courseware, Wednesday announced the promotion of David Perl to president and chief operating officer.

The current president, John Buckley, will retire at the end of next month. The changes come as the company completes a major strategic transformation and begins to benefit from a series of recently completed contractual alliances.

Perl joined Prosoft in June 1998 as chief operating officer, after 10 years at United Technologies Corp. in a variety of managerial and leadership positions. He holds degrees from Harvard Business School and the Wharton School at the University of Pennsylvania.

During the eight months since he joined Prosoft, Perl has led a team that cut operating costs by almost half and developed numerous new partnerships that have positioned the company for sustained and profitable growth. Cost reductions resulted from a strategic decision to transform ProsoftTraining.com into a company that supplies Internet training services and materials to other training organizations, rather than continuing as a retail training company.

Under Perl's leadership, ProsoftTraining.com has completed several key licensing and distribution agreements with industry leaders ExecuTrain, ComputerPREP, CompUSA and IBM's Catapult and PBSC Computer Training subsidiaries, among others.

The company also initiated its Prosoft Certified Training Center (PCTC) program, which allows training organizations to deliver ProsoftTraining.com courses to students seeking to acquire Internet expertise at a level sufficient to become certified under the CIW Internet professional skills program.

"David played a key role as the organization identified its core strengths and pursued as many ways as possible to capitalize on them," said Jerry Baird, ProsoftTraining.com chairman and chief executive officer.

"With his leadership, we have been successful in expanding the distribution network for our products from fewer than 50 training centers to more than 750. As the new relationships mature and others are developed, the results of his team's work will reward our shareholders and go a long way toward filling the current Internet skills gap that holds back the growth of e-business."

Buckley will retire after having been a member of the management team at Prosoft since the company's inception. Buckley is responsible for the company's early and exclusive focus on Internet technologies. Most recently, he led the growth of the company's presence in Europe, which culminated in the acquisition of the Ireland-based Internet Certification Institute International in November 1998.

"John is the father of our Internet strategy and played a crucial role in the early history of the company," noted Baird. "We all wish him well in his retirement."

ProsoftTraining.com is an Internet solutions company committed to providing comprehensive curriculum and skills-based Internet certification programs. The company offers more than 50 instructor-led Internet skills courses ranging from distance learning and one-day end-user workshops to 10-day certification programs.

The Certified Internet Webmaster program offered by ProsoftTraining.com creates the professional skills required to develop and implement e-business solutions in the Internet age. The certification testing program is administered worldwide by testing leader Sylvan Prometric.

Except for historical information contained herein, the matters discussed in this news release are statements of a forward-looking nature that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, without limitation, the company's dependence on the timely development, introduction and acceptance of courses and products, the impact of competition and downward pricing pressures, the effect of changing economic conditions, the company's ability to attract and retain key management and other personnel, risks in technology development, continued adoption of Internet technologies and the other risks and uncertainties outlined in the company's filings with the Securities and Exchange Commission, including, but not limited to, the company's Annual Report on Form 10K. The company undertakes no obligation to update this forward-looking information.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 24, 1999
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