UOL VCampus(TM) Enters New Markets With Payback Training Systems
MCLEAN, Va., June 3 /PRNewswire/ -- UOL Publishing, Inc. (Nasdaq: UOLP), announced today that Payback Training Systems will use the web-based VCampus(TM) distance learning platform to provide training to its clients in the service industries, including the supermarket, foodservice, general retail, and hospitality sectors.
Payback, a leading developer of technology-based training, including computer-based training solutions for large employee populations, is using the unlimited availability and reach of the VCampus to expand its services, which already include CBT and stand-up training.
"We are very excited to partner with UOL and to bring our quality training courses to the Internet through the power and global presence of the UOL VCampus," said Wade Baker, President and CEO of Payback Training Systems. "UOL has provided Payback with a complementary technological competency. This has enabled Payback to jump-start its web initiative in non-value added programming and hardware resource deployment."
Nat Kannan, Chief Executive Officer of UOL, expressed his enthusiasm about the opportunity to expand into the foodservice and hospitality industries with the Company's Internet-based training technology. "We can host thousands of courses with the VCampus," said Kannan, "and the unique staffing and training needs of the hospitality industry are dynamically matched to the capabilities of our completely outsourced solution for providing a global reach to a global workforce."
UOL, through its VCampus system, is the number one provider of administrative, hosting and delivery systems for web-based education. The centralized hosting of VCampus within the UOL server farm means there is no requirement for specialized programming or software and no need for dedicated client servers to be operational. It is designed to deliver millions of courses and is totally scaleable. In addition, all VCampus courses are run in a standard format, so that users need learn only one navigation style.
Wade said the VCampus administrative monitoring tools, central hosting, user-friendly Courseware Construction Set(R) and reasonable course fees were all factors in the company's decision to go with the VCampus.
"The VCampus administrative tools will enable Payback to monitor the student's progress, both by company and by course. The Courseware Construction Set is user friendly and instructionally sound," Wade said. "We are optimistic that our VCampus will add value to the training process and reduce training costs."
Payback provides training to such clients as Hilton Hotels and the American Hotel & Motel Association. On the food store side, they deliver to Giant Eagle, Price Chopper and Ahold, among others.
Payback initially will be using courses from more than 220 titles in the VCampus courseware library. UOL's entire content library, including proprietary courses, is one of the largest in the industry, with a total of more than 1,100 courses. The VCampus has delivered more than 200,000 courses to 120,000 students to date, and leads in the delivery of web-based education and training.
About UOL and the VCampus
VCampus is a full-service, centrally hosted, totally scalable distance education platform. It allows for the registration, enrollment, teaching, tracking, testing, grading and certification of distance learners. UOL Publishing, Inc. develops, manages and hosts Internet-based training and education for corporations, government agencies and academic institutions through VCampus. With a courseware library of more than 1,100 web-based courses and more than 200,000 courses delivered to date, VCampus is the clear industry leader in web-based learning. UOL is headquartered in McLean, Virginia.
For more information, call 800-915-9298, or visit the VCampus web site at www.uol.com.
About Payback Training Systems
Founded in 1994, Payback Training Systems is the leading developer of technology-based training including computer-based training solutions for large employee populations in the service industries, including the supermarket, foodservice, general retail, and hospitality sectors. In 1998, PTS received the CINDY (Cinema in Industry) Award from the International Association of Audio Visual Communicators. Considered one of the most prestigious awards for informational media professionals, winners are recognized worldwide as the very best in their field. PTS' client list includes AHOLD USA, Hilton Hotels, The Fleming Companies, Giant Eagle, Price Chopper, Nash Finch, Spartan Stores, and SUPERVALU, as well as the U.S. Government. The company recently relocated its headquarters to Cedar Knolls, N.J. The Center for Interactive Training Development, PTS' development and production facility, is located in Utah.
For additional information on UOL Publishing, via fax at no charge, dial 1-800-PRO-INFO and enter the Company's symbol UOLP. Or visit The Financial Relations Board's web site at www.frbinc.com.
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.
SOURCE UOL Publishing, Inc.
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