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To: bigbuk who wrote (103539)	4/18/2002 11:56:24 AM
From: amadeus	Respond to of 150070

FMDAY news today: B: FUTUREMEDIA: Futuremedia plc purchases content production company PalmTeach and launches Futuremedia Content Studio Arundel, England, Apr 18, 2002 (M2 PRESSWIRE via COMTEX) -- E-learning solutions provider Futuremedia Plc (NASDAQ: FMDAY) today announced the completion of the purchase of the assets of the content production company PalmTeach in an all share deal for a total of 759,700 Futuremedia shares. PalmTeach will be integrated with existing Futuremedia content production resources to form the Futuremedia Content Studio - enhancing the Company`s position as a single source provider of e-learning solutions. Mats Johansson, CEO of Futuremedia, said: "Our strategy is to provide customers with a single source of fully integrated e-learning solutions. The production of customised e-learning content has rapidly increased in importance as many of our e-learning applications are addressing company specific strategic issues beyond the scope of generic published e-learning courses. We have previously out-sourced this work but through the acquisition of PalmTeach and the formation of the Futuremedia Content Studio can now provide this service directly and as a result improve our margins, expand our contact platform and broaden the revenue base with each customer." Mr. Johansson added: "We have for some time worked with PalmTeach and I expect our combined content production business to grow rapidly and contribute positively towards our return to profitability within the coming three quarters." Stephen Copeland, Managing Director of PalmTeach commented, "Our ability to consult on client content needs and produce customised solutions will significantly enhance Futuremedia`s existing capability as a total solutions provider. The ability both to produce training solutions and deliver them to the desktop is often the preferred route for those large corporates wishing to make rapid strategic change. We are pleased to add our expertise to that of Futuremedia`s and to create a significant single source provider in this exciting and growing e-learning market." Stephen Copeland will take up the position of Head of Learning Production of Futuremedia Content Studio. Stephen (29) is an Honours graduate in Business Studies from Kingston University`s School of Excellence and in addition to PalmTeach has held main board directorships with several companies in the media field. James Copeland, also a director of PalmTeach, will take up the position of Head of Content Development of Futuremedia Content Studio. James (28) is an Honours graduate in Computer and Information Science from Brighton University with previous experience as manager in British Airways IT Support division and subsequently as PalmTeach`s content development specialist. PalmTeach is expected to add an additional GBP250,000 ($355,000) in revenues to the company in the first 12 months and contribute positively towards profitability and cash flow. About PalmTeach PalmTeach was established in 1996 to deliver bespoke training content using its own patented technology and design methodology. Having worked with blue chip clients such as Lloyds TSB, Ford Motor Company and the UK`s National Health Service (NHS), PalmTeach has a proven track record in delivering professional tailored training on a number of hardware platforms. About Futuremedia Futuremedia PLC is a proven provider of innovative and effective e-learning solutions to corporate clients including Consignia (formerly The Post Office), Ford Motor Company and BT. Futuremedia develops and markets the easycando range of e-learning solutions that integrate market-leading content, learning management technology, professional services and support. Easycando solutions can be delivered over an intranet basis or on a hosted ASP basis. Solution partners include SmartForce, Centra Software, SkillSoft and NETg. The easycando technology platform builds on the proven performance of Solstra, the learning management system (LMS) co-developed by Futuremedia\ and BT. Solstra 2000 is the UK`s first AICC certified LMS. Futuremedia can be found on the Web at www.futuremedia.co.uk Easycando can be found at www.easycando.com This press release contains forward-looking information that involves risks and uncertainties, including statements about the Company`s plans, objectives, expectations and intentions. Such forward-looking statements include, without limitation, discussions concerning the Company`s strategic direction and new product introductions and developments. Readers are cautioned that such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. The risks and uncertainties include, without limitation, the ability of the Company to integrate acquired assets and other risks typically associated with such acquisitions, the early stage of the Internet and intranet learning and communications market, the management of growth, the ability of the Company to develop and successfully market new products, rapid technological change and competition, as well as other factors detailed from time to time in the Company`s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company`s expectations or any change in events, conditions or circumstances on which any such statement is based. CONTACT: Kay Phelps Tel: +44 (0)1932 761 889 e-mail: kay.phelps@btinternet.com Mats Johansson Tel: +44 (0)1243 555 000 e-mail: mats.Johansson@futuremedia.co.uk M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at presswire.net on the world wide web. Inquiries to info@m2.com.