InfoCast Signs $8 Million Distribution Agreement For South Africa
InfoCast Appoints Ukukhanya Information Solutions to Distribute Virtual Learning Academy Portal, Virtual Call Center (VCC), and Best-of-Breed Online Courseware
TORONTO, June 7 /CNW/ - InfoCast Corporation (OTC BB: IFCC), an e- enabling Application Service Provider (ASP), today announced an agreement to appoint Ukukhanya Information Solutions as an authorized reseller with rights to market and distribute InfoCast products in South Africa and the Indian Ocean Islands. Under the agreement, Ukukhanya will distribute InfoCast's Virtual Learning Academy Portal product, Virtual Call Center (VCC) solution, and third party best-of-breed courseware in CD-ROM and online format. Ukukhanya has committed to purchase $8 million of InfoCast's products over a five-year period, with minimum quarterly purchases of $250,000 in the first two years and $500,000 per quarter for the balance of the term. InfoCast has received a purchase order for the first $250,000, which will be delivered this month.
"InfoCast is excited to be building relationships with key business partners like Ukukhanya Information Solutions," said Jim Leech, president and CEO, InfoCast. "This definitely represents an international strategy that will lay the foundation of an exceptional growth opportunity for InfoCast and for our partners."
"We are thrilled by the partnership with InfoCast" said Lungi Sisulu, Group Chairman of Ukukhanya Information Solutions, "and we are proud to be following the lead of North America's e-Learning industry."
This announcement compliments the recent launch of InfoCast's e-Learning strategy, that provides enterprises, educational institutions and virtual learning organizations with the integration of best-of-breed courseware, a hosted technology platform, learning management system, live online learning support, learning communities and portal development. Learners are able to access up-to-the minute content anytime, anywhere. InfoCast products are offered via a cost-effective infrastructure-on-demand delivery mechanism.
Ukukhanya customers using InfoCast solutions receive secure, scalable, ready-for-operation e-learning infrastructure and products in the shortest time possible. This ASP model eliminates the capital costs required to develop an in-house solution. InfoCast provides hosting, software, and technical support infrastructure on a pay-per-transaction basis.
About InfoCast
InfoCast Corporation is an e-Enabling Application Service Provider (ASP) for the new economy. The company develops, hosts, provides and supports unique e-Enabling solutions for businesses seeking fast, cost-effective ways of employing E-commerce. Core InfoCast offerings include virtual call center, e- Learning and custom portal applications, delivered via secure, scalable infrastructure-on-demand. More information about InfoCast Corporation can be found on the Web at www.infocast-corp.com, infocast-corp.com.
About Ukukhanya Information Solutions
Ukukhanya Information Solutions is an internet service provider (ISP) as well as an education and training company in South Africa. The Group was established in 1998 when Source Electronics (Pty) Ltd acquired a number of synergistic IT companies to take advantage of rampant opportunities in the South African technology and training markets. The South African government has recently introduced mandatory training and skill development requirements for the country's employers, and Ukukhanya intends to be the market leader for this initiative.
Ukukhanya was one of the first corporations to set the precedent of addressing a meaningful black empowerment opportunity in South Africa, and is today reaping the benefits of this policy. |
