Representatives from Six Government Agencies to Discuss e-Learning Initiatives, Training Challenges, and Workforce Trends
NASHUA, NH - March 26, 2002 - SkillSoft Corporation (NASDAQ: SKIL), a leading provider of e-learning courseware and ReferenceWare for business and IT professionals, today announced that it will host a keynote panel discussion featuring senior executives from six federal agencies at the upcoming e-Learning Conference and Expo in Washington, D.C., on April 11, from 8:00 a.m. to 9:00 a.m.
Representatives from the agencies such as the Naval Air Warfare Center Training Systems Division, Health Resources and Service Administration, and U.S. Department of Labor will discuss e-learning initiatives within their organizations, the challenges of successful implementation, the conversion of legacy training to web-based delivery, workforce trends, and other related issues. Held at the Washington Convention Center, the panel will be moderated by Cushing Anderson, program manager for learning service research for International Data Corporation (IDC).
"The U.S. government is the largest training organization in the world," said Anderson. "The complexities and significance of its training initiatives make it the ideal test bed for innovation and e-learning. Not only are government departments ultimately concerned with high quality training experiences, the nature of federal funding makes cost containment and value huge priorities. This panel will pull together training leaders who can demonstrate both the value and opportunities of government training initiatives - and provide a glimpse of how the corporate market will likely follow."
The keynote discussion is open to all e-Learning Conference registrants and to registered members of the press. Reporters are also invited to attend a special brunch immediately following the keynote session, at which panelists will be available for further discussion. For more information about the panel or the media brunch, contact Linda Galloway at 203 790 1591. To register for the e-Learning Conference, produced by Advanstar Communications and held from April 8 -11, go to www.elearningexpos.com.
About Cushing Anderson and IDC
Cushing Anderson has been studying the training and e-learning industries for six years. IDC first published a market sizing of the nascent e-learning market in 1996 and has been at the forefront of identifying business opportunities and obstacles ever since. IDC's body of research on training and e-learning can be viewed at www.idc.com (search on "elearning").
With more than 500 corporate customers and two million user seats, SkillSoft is a leading provider of comprehensive, integrated e-learning solutions for Global 2000 companies and government organizations. Customers receive comprehensive learning and performance support solutions for their workforce through SkillSoft's business skills library, comprised of more than 1,200 courses and simulations for global business markets, of which more than 600 are in U.S. English. The library, which includes more than 3,000 hours of interactive instruction, encompasses a wide array of business skills, such as management, leadership, communication, project management and customer service, as well as business subjects such as e-commerce, finance, marketing, sales, and strategy. The library also includes more than 12,000 learning objects, 2,500 job aids, 3,000 SkillBriefs.
SkillSoft complements SkillSoft courses with SkillSimulations, Web-based simulations designed to reinforce skills newly acquired through specific courses. SkillSoft courses can be managed and tracked through SkillPort, an e-learning management platform that offers rapid implementation at a cost-efficient price point, or through third-party learning management systems.
SkillSoft's subsidiary, Books 24x7, offers subscription clients detailed online searches to more than 1,900 unabridged IT and business titles and 300,000 knowledge objects. Books24x7's patent-pending technology platform gives users the ability to perform multi-tier searches of the company's ReferenceWare: ITPro, BusinessPro and OfficeEssentials. The Books 24x7 Referencware libraries include offerings from more than 65 publishers, including AMACOM, ASTD, Harvard Business School Publishing, McGraw-Hill, Microsoft Press, and Sybex and Wiley.
Additional information about SkillSoft is available by calling (603) 324-3000.
SkillSoft, SkillPort, RolePlay, Search-and-Learn, e-Learning for the Knowledge Economy, NetUniversity, and Accelerated Path are trademarks and/or servicemarks of SkillSoft Corporation. Books24x7.com and ReferenceWare are servicemarks of Books247x.com, Inc. All brand names, trademarks, or registered trademarks are the property of their respective holders
Safe harbor language: This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provisions 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 any future results encompassed within the 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 matters disclosed under the heading "Future Operating Results'' in the Company's most recent Report on Form 10-Q filed with the Securities and Exchange Commission. The forward-looking information provided by the Company in this press release represents the Company's estimates as of November 2001. We anticipate that subsequent events and developments will cause the Company's estimates to change. However, while the Company may elect to update this forward-looking financial information at some point in the future, the Company specifically disclaims any obligation to do so. 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 release.