This news on Reality Interactive (RINT OTC BB .06/.12) came out late in the day yesterday and a quick 47k went by before the close. RINT files with EDGAR, had $522k cash on hand in the Sept 30, 1998 10q and in that filing had positive shareholder equity of $1m. 4.6m shares outstanding, no pref. Company is losing money and rev for the Sept qtr was well down from comparable qtr prior year. But they do have a blue chip client list and products that meet corporate requirements for various training programs thru the internet. Stock price was as high as a buck last April, and stock got hammered in the summer. Float is shown by market guide to be about 2m. I think it is trading under book val. If they are good enough for Boeing, GM, 3M and other companies the stock has got to be worth more than a dime. Do your own DD.
Boeing Licenses Reality Interactive Web-based
Training for Intranet
Enterprise Agreement Makes Quality Awareness Course Available to All Employees
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 1998-- Reality Interactive, Inc. (Reality) (OTC BB: RINT), a leader in
Web-based learning and knowledge management solutions, announced today that it has concluded an enterprise license with
Boeing for its intranet-based training course, ISO 9000 in the Workplace. Under the agreement, Boeing is using the course to
provide low-cost, consistent ISO 9000 awareness training to more than 13,000 employees in the Puget Sound, Wash., area.
The license provides for unlimited use of the course by 220,000 Boeing employees corporate-wide.
Paul Wendorff, President/CEO of Reality Interactive said, ''Employee awareness training for best practice initiatives such as
quality is a recurring need we see in corporations worldwide. Intranet-based delivery makes that training convenient and
consistent for thousands of employees. Reality Interactive views the Web as the ideal medium for enterprise-wide learning and
knowledge transfer to support a broad range of corporate best practices.''
About Reality Interactive
Reality Interactive, Inc. provides technology-based knowledge solutions for improving performance and productivity. Reality's
approach integrates Web-based learning, with online documents, electronic performance support tools, and collaborative
platforms. Clients include General Motors, Sundstrand Aerospace, 3M, and Robert Bosch. Based in the Minneapolis area, the
company can be reached at (800) 675-7789, (612) 253-4700, or on the Web at realityint.com
Contact:
Reality Interactive, Inc.
Andy Keith (612) 253-4729
andyk@ry.com |
