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Technology Stocks : Lightspan Inc, (LSPN)

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To: Xenogenetic who started this subject9/27/2001 12:39:08 PM
From: Paul Lee  Read Replies (1) of 58
 
Lightspan Signs Multi-Year, Million Dollar Internet Subscription Contract With Texas School District
SAN DIEGO, Sept. 27 /PRNewswire/ -- Lightspan, Inc. (Nasdaq: LSPN - news; the Company), a leading provider of quality curriculum-based software and Internet products and services used in schools and homes, announced today that it has signed a three-year, million dollar contract to supply Internet subscription products and professional development services to the San Antonio Independent School District (ISD).

San Antonio ISD is the 8th largest school district in Texas, serving over 55,000 students in 93 schools. Under terms of the agreement, Lightspan will provide The Lightspan Network to 73 schools and eduTest.com to 81 schools. Lightspan currently has over 3,300 Internet subscription schools across the country.

John Kernan, Lightspan Chairman and Chief Executive Officer, said, ``This million dollar order for our Internet subscription service is second only to the $2.7 million dollar Internet contract that we received from the New York City public school system. This significant commitment is not only an investment in a proven educational technology, but also an investment in the district's entire school community. We commend the San Antonio school district for taking a leadership role in improving academic achievement.''

Chula Boyle, Assistant Superintendent of Curriculum in the San Antonio school district, said, ``We chose Lightspan after very carefully reviewing many products provided by several companies. We knew of Lightspan's solid reputation and proven track record in many school districts, which was very important to us. Their field staff helped us do a thorough needs analysis, and showed us how The Lightspan Network and eduTest.com provide a complete assessment and accountability solution for teachers, administrators, parents, and the entire school community. It became clear that Lightspan was a perfect match for our school district.''

The Lightspan Network® is a premier, subscription-based online resource. The Lightspan Network combines assessment, content, instructional tools and resources, professional development, and add-on modules-all in an online program that is easily personalized for administrators, teachers, students, and families. The Lightspan Network is secure, and everything aligns to state standards.

eduTest.com(TM) is a comprehensive online assessment and accountability solution that allows districts and schools to quickly identify their strengths and needs. Assessments and benchmarks can be created for individual students, classrooms, and schools or for the entire district. Powerful reporting features help guide implementation of targeted learning solutions to meet standards and improve performance at all levels
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