Here's "another positive press release ASAP" hope it does the trick.
I'd also like to see the stock price at over a dollar again soon. But I'm looking for way over that before too long.
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Thursday October 22, 11:18 am Eastern Time
Company Press Release
Citadel Taps Into $2.5 Billion On-Line Training Market
DALLAS--(BUSINESS WIRE)--Oct. 22, 1998--Citadel Technology, Inc. (OTCBB: CITN - news) will launch Citadel Campus, one of the first on-line training applications programs using streaming technology over the internet on November 1, 1998. According to Steven B. Solomon, CEO, it will bring interactive courses to the users' desktop at home, school or business for 90% less in cost than traditional stand-up training. Citadel Campus will be a division of Citadel Technology to focus on bringing the best-of-bread to Corporations, Education, Government, VARs and individuals.
Citadel Campus will provide interactive online courseware for the industry's top software applications from companies such as Microsoft(TM), Netscape(TM), Lotus(TM), Symantec(TM), Intuit(TM) and Adobe(TM). ''Citadel's on-line training is not only cost effective, but is more efficient and effective than current methods of training,'' said Solomon. ''By delivering multi-media over the internet, you are allowing corporations to take advantage of employees being trained at their desktops as well as being trained at home. This allows companies to fulfill the need to improve individual productivity on an employee basis, as well as keeping costs at a minimum. In most cases, greater than 90% reduction in cost over stand-up training. Yet, multi-media has an effective rate which is 80% greater than any other means of training because you can hear it, see it, participate in it. Citadel campus will be there any time the user needs it so that if they have any questions they can go back to it, versus stand-up training which once it is completed, the retention level is only 15% after 3 weeks. Multi-media allows users to have access 24 hours a day, seven days a week, anywhere they have a computer and internet connection,'' Solomon said.
Citadel Campus courses are retrievable on-demand and in ''real-time'' over the Internet. Courses can be accessed 24 hours a day, seven days a week, as many times as desired. The courses contain fully synchronized, interactive multimedia content, including audio, video, graphic animation and text. In order to eliminate download time, Citadel Campus uses a proprietary streaming and compression technology for deploying multimedia. Course content is delivered without long download delay and with no special hardware demands or constraints. Citadel Campus pledges seamless playback without the delays and interruptions typically encountered when playing files over the internet.
Training courses offered include Microsoft Windows 98 and NT, Microsoft Office applications, Netscape Communicator, Microsoft Internet Explorer, Lotus 1,2,3, Adobe PhotoShop, Symantec ACT! and programming courses on Visual Basic and HTML web design.
Citadel Campus pricing is set up as a subscription-based model. Users pay a fee per week, month, or year, and receive their initial course of their choice. Users have access to all of their courses chosen during their subscription period to Citadel Campus. To subscribe to new courses, users pay a fee per additional course. For businesses, education and government, Citadel Campus offers a ''multi-user site license'' where many employees can access and use course content at a discounted price. Citadel Campus will perfectly compliment any company's training program and site. Citadel Technology plans to market Citadel Campus to its US install base and will offer special discounted rates to existing customers.
For more information, please contact Citadel Technology at 1-800-962-0701 or visit the company website at www.citadel.com.
The above statements are not strictly historical facts and include forward-looking statements that involve a number of risks and uncertainties. The actual results of the future events described in such forward-looking statements could differ materially as a result of, among other things, the following: integration of acquired technology and companies, transition of selling and distribution methods, the availability of capital on terms acceptable to the Company, general economic conditions, competition, the market for the network software products, software development costs and possible future litigation, as well as the risks and uncertainties discussed in the Company's public reports and filings and public statements.
citadel.com
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Contact:
Citadel Technology, Inc.
Steven B. Solomon, 214/520-9292
or
Media and Investor Contact:
The Investor Relations Group
Dian Griesel, Ph.D., 212/664-8489
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