LRCM here's news....I'd say some have been expecting this from all the talk earlier.
LearnCom, Inc. Acquires TrainSeek.com
BENSENVILLE, Ill.--(BUSINESS WIRE)--March 20, 2001--LearnCom, Inc. (OTCBB:LRCM - news) announced today that it has reached agreement in
principle to acquire certain assets of TrainSeek.com of Salt Lake City, Utah, one of the country's leading e-commerce websites (www.trainseek.com) for marketing
of training videos, courseware, e-learning, books, manuals, CD-ROMs, seminars, and consulting services. TrainSeek's library totals more than one million titles from
2000 vendors, partners and producers. Subjects range from IT to employee and management training, safety, technical skills, etc. TrainSeek started developing and
marketing its huge site two years ago and opened for business in March, 2000. Closing is expected within 30 days.
Said Lloyd Singer, President and CEO of LearnCom, ``The acquisition of TrainSeek is a major milestone for us. Not only will we continue to build on the
outstanding vision of its founders and employees, but we will expand the products and services offered through the site, license the site for corporate extranets, enter
into additional distribution partnerships and continue to improve its functionality.
Said Rob Chipman, co-founder and CEO of TrainSeek: ``LearnCom is the ideal buyer for the TrainSeek website. With their four operating units including the recent
acquisition of VideoLearning, LearnCom has the well-trained sales staff necessary to service the many thousands of customers that use the TrainSeek site each
month to research, preview and acquire their training resources.''
About LearnCom, Inc.:
LearnCom, Inc.'s four Business Units provide single-source learning resources and consulting services to businesses, government agencies and other non-profit
organizations. The Company focuses on HR, safety, and management training - specializing in diversity and critical compliance areas including harassment prevention,
employment law and OSHA-required training. LearnCom's resources are provided in a variety of e-learning formats including Internet and Intranet delivery, video
and CD-ROM. On January 24, 2001, LearnCom acquired major video distributor VideoLearning Systems, Inc. For additional information, visit
www.learncom.com.
This news release contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from the results
discussed in these forward-looking statements Factors that might cause such differences include, among others, terms and deployment of capital; general economic
and business conditions; industry trends; changes in demand for the Company's products; the timing of orders received from customers; announcements or changes
in pricing policies by the Company or its competitors and availability of management.
Contact:
LearnCom
Lloyd Singer, 630/227-1080
toolkit1@aol.com |
