Universo Online - UOL Inc. SA, the Leading
Spanish and Portuguese Online Portal in South
America Selects VCampus as the Exclusive Partner
for e-Learning to Serve More Than Ten Million
Registered Users in Eight Countries
Business Wire - August 22, 2000 06:16
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RESTON, Va.--(BUSINESS WIRE)--Aug. 22, 2000--
VCampus Will Offer Publishing, Hosting, and Delivery of Online
Courses in Spanish and Portuguese to Audiences in Brazil, Spain,
United States, Mexico, Argentina, Chile, Venezuela, and Colombia
VCampus Corporation (Nasdaq: VCMP), a leading e-Learning Application Service
Provider (ASP) today announced that UOL, South America's largest horizontal
information portal and access provider, has agreed to partner with VCampus as the
exclusive provider of e-Learning services for its eight million users. VCampus will offer
publishing, hosting, and delivery of online courses in Spanish and Portuguese to audiences
in Brazil, Spain, United States, Mexico, Argentina, Chile, Venezuela, and Colombia.
VCampus, the leading e-Learning solution provider, develops, manages and hosts
turn-key, web-based learning environments for corporations, academic institutions and
government agencies allowing them to offer global distance learning solutions to their
customers, employees and students.
While the full potential of the partnership is still being explored, the deal will generate
additional revenue based on sales of VCampus content through UOL portals. The
partnership will also open many more doors for VCampus in Latin America with the
strategic partnership including entres to key Latin American corporate government
contacts.
VCampus will offer its full courseware library of more than 1,300 web-based courses to
UOL's more than 10 million unique visitors. UOL Inc. has consolidated its positioning as
the clear leader on the Internet throughout Latin America, reaching more than 4 billion
page views and close to 7 million registered users in the second quarter of this year. In
Brazil only, the company has more than 750,000 access subscribers in 169 cities; a
monthly average of 7 million unique visitors and a market reach of over 80 percent.
"The partnership with VCampus will offer to UOL's users exclusive, top-tier on-line
courses in Latin America, United States and Europe. We consider e-Learning to be a
very lucrative segment in the next years in our markets, and being early adopters will give
us a clear competitive edge. The expertise and technology of VCampus are very
important for our success in that field." said Mr. Mihai Crasneanu, Vice President of
UOL International.
Nat Kannan, Chairman and CEO of VCampus said, "As a result of this agreement,
VCampus has gained a tremendous competitive advantage in one of the fastest growing
online markets in the World - Latin America. The partnership allows us to build on our
existing global distribution of online courses by including courses in Spanish and
Portuguese distributed throughout South America. This is just another in a series of
strategic steps to firmly establish VCampus as a truly global player in e-Learning."
Mr. Kannan added, "At the beginning of this year we decided to utilize strategic
partnerships as a principal vehicle to drive the rapid growth of our revenues. This
agreement is the third in a series, with iGate Capital signed in January and Qwest/US
West in April, and we are rapidly adding top management talent to execute on the plans
and maximize the benefits of the relationships."
UOL Inc. SA has given VCampus exclusive status as an e-Learning partner for the next
three and a half years and will also help in translation of VCampus' hot courses into
Spanish and Portuguese. The full offering is expected to be up and running early next year
offering Information Technology, Telecommunications and Data Communications, Human
Resources, and other courses as well as offer full blown degree programs from
VCampus academic partners Park University, University of Texas Telecampus,
Northeastern University and others. In addition UOL will help VCampus publish and
host courses for major universities, government, and academic institutions in the eight
countries.
About VCampus
VCampus Corporation (Nasdaq: VCMP) is a leading e-Learning Application Service
provider (ASP). The company develops, manages and hosts turn-key, web-based
learning solutions for corporations, academic institutions and government agencies. It
enables these organizations to offer global distance learning solutions to their customers,
employees and students. VCampus' e-Learning solution helps clients improve the
performance of their distribution channels, measure and develop their employees'
knowledge, skills, and abilities, and increase their customers' satisfaction and loyalty.
VCampus distributes a courseware library of more than 1,300 web-based courses and
has delivered more than 1,000,000 courses to over 350,000 adult learners as of the end
of June 2000. VCampus Corporation is headquartered in Reston, Va. For more
information, call 800-915-9298, or visit the VCampus Web site at
vcampus.com.
About UOL Inc. SA
In Latin America UOL maintains portals in Brazil, Argentina, Mexico, Chile, Venezuela
and Colombia, and has also set up a portal in the United States to reach the Hispanic
community in this country. In Europe, UOL has a presence in Spain. With more than 50
million pages seen every day, UOL Inc. has a daily average audience of over 10 million
unique visitors throughout its market reach. These figures put UOL among the most
visited sites in the world.
With the exception of the historical information contained in the release, the matters
described herein contain forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve a number of risks and uncertainties including but not
limited to difficulties in managing rapid growth (including future capital needs),
development of its target market, risks associated with acquisitions, and economic,
competitive, governmental and technological factors outside the control of the Company.
For more information regarding these risks and uncertainties see the Company's
Registration Statement on Form S-1 and other SEC filings, copies of which are available
upon request from the Company.
CONTACT: MHI
Ramona Oliver, 202/835-3000 |
