Press Releases & Coverage

SkillSoft Releases Russian Business Skills Courses

Partnership with Noviy Disk to Deliver 30 Courses by Year End

NASHUA, N.H., June 1 /PRNewswire-FirstCall/ -- SkillSoft PLC (Nasdaq: SKIL), a leading provider of content resources and complementary technologies for integrated enterprise learning, today announced that it has released four business skills courses localized in Russian and has plans to deliver a total of 30 courses by end of 2005. The Russian courses are being developed in partnership with Noviy Disk, the largest distributor of educational software in Russia and a leading publisher of interactive learning resources.

Courses currently available cover call center communications, handling conflict, and planning and conducting effective business meetings. Courses slated for later release cover project management, customer service, performance management, finance, and management and supervisory skills.

SkillSoft's development and localization agreement with Noviy Disk is an extension of a reseller agreement, established in 2003. The company, headquartered in Moscow, has more than 150 employees including a dedicated localization team for SkillSoft courses. Noviy Disk focuses its sales on local and international corporations; current customers include VimpelCom and Megafon, two of Russia's largest mobile telecommunication companies.

"Russian businesses are rapidly moving to the adoption of e-learning for employee development and training," said Boris Gershuni, CEO of Noviy Disk. "The availability of courses translated into Russian and adapted to our country's business culture will no doubt increase the demand. We look forward to continuing our mutually productive relationship with SkillSoft."

"SkillSoft's localization model relies on trusted partners such as Noviy Disk who bring a combination of development expertise, local business knowledge, and strong language skills. This relationship is particularly successful since we've worked together as distribution partners for a several years," said Kevin Young, vice president and managing director of SkillSoft's EMEA organization. "With more than 200 million Russian-speaking individuals in Russia and surrounding countries, we see significant opportunity in this market for e-learning. Noviy Disk will help us capitalize on this opportunity."

For more information on courses scheduled for localization in Russian, contact: Kay Baldwin-Evans at kay_baldwinevans@skillsoft.com or +44 (0) 7780 687 618; Andrew Makarov at amakarov@nd.ru or +7 (095) 369 1971.

About SkillSoft

SkillSoft is a leading provider of comprehensive e-learning content and technology products for business and IT professionals within global enterprises. SkillSoft's multi-modal learning solutions support and enhance the speed and effectiveness of both formal and informal processes and integrate SkillSoft's in-depth content resources, learning management system, virtual classroom technology and support services.

Content offerings include SkillSoft's business, IT, desktop and compliance courseware collections and BusinessPro(TM), ITPro(TM), OfficeEssentials(TM), FinancePro(TM), EngineeringPro(TM), GovEssentials(TM), ExecSummaries(TM) and ExecBlueprints(TM) collections from Books24x7(R). SkillSoft's complementary technologies include SkillPort, the company's learning management system with its powerful Search-and-Learn(TM) technology and premium add-on modules, and SkillSoft Dialogue(TM) virtual classroom, a solution that allows customers to create and deliver effective blended learning programs using custom content and off-the-shelf learning resources. For more information, visit http://www.skillsoft.com.

SkillSoft, the SkillSoft logo, Ahead of the Learning Curve, SkillPort, Search-and-Learn, SkillChoice, Books24x7, Referenceware, ITPro, BusinessPro, OfficeEssentials, EngineeringPro, ExecSummaries, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries.

Content provided is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements. Factors that could cause or contribute to such differences include competitive pressures, changes in customer demands or industry standards, adverse economic conditions, loss of key personnel, litigation and other risk factors disclosed under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations - Future Operating Results" in SkillSoft's annual report on Form 10-Q for the year ended January 31, 2005, as filed with the Securities and Exchange Commission. The forward-looking statements provided by the Company in this press release represent the Company's views as of June 1, 2005. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

    Contact:
     Linda Galloway
     Apollo Associates
     203 790 1591
     lgalloway@apolloassociates.com
 
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SkillSoft Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.