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Technology Stocks : SEVL

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To: surelock who wrote (673)4/8/1999 9:06:00 AM
From: Rajiv  Read Replies (1) of 703
 
This is why SEVL went up yesterday... Another case of "news" leaking out before the official release...

Pinacor to Offer 7th Street.com's Learning University to 25,000 Resellers for Internet-Based Learning Distribution

Learning University Added to Pinacor ChannelServe's Current Line of Service Offerings

WHITE PLAINS, N.Y., April 8 /PRNewswire/ -- 7th Street.com (Nasdaq: SEVL - news) today announced that Pinacor, Inc., (Nasdaq: MICA - news), the third largest distributor of technology products and services in the U.S., will provide its 25,000 resellers the ability to offer their customers online, Multimedia distance learning/training services through Learning University (www.learninguniversity.com). This agreement allows Pinacor to significantly expand its ChannelServe offerings to its resellers. Pinacor resellers will now be able to offer their customers proven and effective Web-based training. Pinacor will also use Learning University to train its own associates.

Learning University was developed to address current issues in today's workplace, allowing employees of corporations access to learning 24 hours a day, 7 days a week from home or at work. It offers users flexible, self-paced learning and provides the feedback necessary to maximize and measure the effectiveness of the training. Learning University features detailed reporting and administration, and includes an extensive catalog of over 200 courses ranging from Microsoft Windows 98, Office 97, MCSE Microsoft Certified Courses, Adobe PhotoShop and Lotus Notes to Programming in HTML and Visual Basic. In addition, it offers personal improvement courses like English as a Second Language, Leadership Skills and Learning How to Interview. This is a fully hosted and administered solution, which allows organizations to be up and running with educational programs for their employees within a few days.

''Through Learning University, it is possible for our customers to offer flexible, technologically advanced Web-based training from an experienced content aggregator,'' said Jim Crawford, group vice president of Service Operations and ChannelServe at Pinacor. ''This product allows Pinacor's resellers to expand into the growing Internet training market without having to develop and support proprietary training tools. Pinacor believes 7thStreet.com offers an excellent distance learning solution because their product is comprehensive and effective. It will integrate easily into our ChannelServe line of products and services for resellers.''

''We are excited to partner with Pinacor and provide them with our unique service offerings,'' said Stephen Gott, president and CEO of 7th Street.com. ''This is a tremendous opportunity for 7th Street.com to expand its presence in the corporate market with the leverage of Pinacor's 25,000 resellers who can now offer interactive, self-paced learning to their valued customers.''

7th Street.com is committed to providing its customers with the most advanced learning and high impact communication products available over the Internet and Intranets. The 7th Street.com suite of products is based on the convergence of two highly advanced Internet streaming technologies, which allow interactive multimedia and animation to be accessed instantly on the Web. Tutorials.com is the leading provider of immediately accessible Multimedia consumer training courses and tutorials. 7th Street.com provides corporations with access to the same high quality tutorials, through the Learning University, which includes additional features such as reporting and administration. For further information contact us at www.7th Street.com. On February 17, 1999, 7th Level, Inc. and privately held STREET Technologies, Inc. announced a merger to form 7th Street.com, a wholly owned subsidiary of 7th Level Inc.
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