SAN DIEGO, Calif., June 24, 2003 (PRIMEZONE) -- EduLink, Inc. (OTCBB:MYIQ):
EduLink today announced the completion of consultancy agreements with Shawn Gross, Boris Berenfeld, Cathy Lockwood, Paula Cruz Takash and Justin Quis Quis. Charlie Guy, EduLink's newly appointed CEO, stated, "We are very pleased to have been able to create the first members of a team of recognized specialists we are forming to work with us in conjunction with our technology developmental partner, SAIC. Each of these individuals, and the others we intend to engage, will be of great assistance to us as we focus on implementing a series of revenue generating products and services built upon our Knowledge Sharing System. Our core system is based on the integration of the three core foundations for digital asset and knowledge management: Storage & Retrieval, Repurposing, and Distribution. This system will allow for the secure and managed delivery of enhanced digitized assets utilizing one of four delivery systems: the Internet, CD-Rom, Print, or Print on Demand."
Mr. Guy continued by stating that, "We are more than gratified that these individuals believe so deeply in our vision that they all have agreed to provide their services in return for stock and stock options, with no additional compensation provided, illustrating their commitment and belief in our company and our plans to move from the development stage to an operating, revenue generating enterprise. Three years ago, people invested in a dream based upon the company's promise to develop, with SAIC, a unique product that would bring great value to the process of educating and learning. After three years of R & D, the company is ready to deliver on that promise, and has appointed me as CEO with a mandate to take our unique Knowledge Sharing System to the global marketplace. I have a passion for education and I feel so very fortunate to be able to offer something that I know can be of such immense value to so many segments within the education processes. Offering a solution that can be of such great value to so many is itself rewarding. Adding to this mission, the opportunities we now have to generate significant revenues while creating a brand that could be recognized by my unborn great grandchildren makes my involvement in this whole endeavor something that I never thought possible."
Speaking of these consultants, Mr. Guy said:
"Shawn Gross, a member of our Board and the former National Education Manager for the Global Education & Research Division of Sun Microsystems and the former Director of the Education Technology Business Unit for TRW Systems & Information Technology Group, will be a great asset in assisting us to finalize our K12 market deployment plans and efforts into both the US and internationally. We believe that he can help us develop national alliances with hardware and software vendors, while also creating nationally best use case study opportunities.
"Boris Berenfeld is now working to assist us in licensing several of our learning tools and our core system throughout Russia and the countries within the former Soviet Union. A Russian born educator and biophysicist, he is a renowned authority on educational Technologies. He is co-founder and Principal Investigator of the Global Laboratory Project, an innovative telecommunications-based science curriculum funded by the NSF. Dr. Berenfeld is also co-Principal Investigator of the GLOBE program, which engages thousands of classrooms from thirty nations in authentic science investigations. Since 1990, Dr. Berenfeld has been a Senior Scientist for TERC, a leading educational research and development firm in Cambridge, Massachusetts. Before this he was a pioneer in linking Soviet and American schools via telecommunications.
"Cathy Lockman, while with Jostens Learning and Lightspan, demonstrated her abilities to successfully develop and manage systems for curriculum development and training, and also to create Internet products with accompanying staff training procedures. Her largest project was for NetSchools, where she developed and managed the staff development implementation process for the company's largest deployment (9,000 students) of wireless laptop computers in El Paso, Texas. Cathy will assist EduLink in refining its K12 product and service portfolio, while also developing the company's staff development model for integration into the schools.
"Dr. Paula Cruz Takash, Assistant Professor, UCLA Cesar E. Chavez Center for Interdisciplinary in Chicana and Chicano Studies, is going to assist us in obtaining bi-cultural and bi-lingual educational resources and in structuring the way those resources are interrelated so as to facilitate search and retrieval functionalities for researchers using an EduLink repository.
"Justin Quis Quis, a member of the San Pasqual Band of Mission Indians in San Diego County, California and a member of the tribe's Casino Executive Committee, is to assist us in implementing our core technology in Indian reservations throughout the United States for use by tribal members whether or not on the reservation."
To learn more about EduLink and hear the recent interview with CEO, Charlie Guy, please visit www.smallcapvoice.com.
About EduLink
EduLink was founded with a mission to create a seamless, integrated, and dynamic solution that stores and retrieves, re-purposes, and distributes vast amounts of different types of digital assets, such as text, pictures, audio and video files, which can then be utilized as learning resources for either educational or business purposes. EduLink's initial and primary goals are to help children learn more effectively and assist their educators in this quest. For more information, visit www.edu-link.com.
Safe Harbor Statement: Except for the historical information contained herein with regard to the past markets or research and development of EduLink's products, the matters in this news release contain forward-looking statements as defined in Section 27(A) of the Securities Act of 1933 and Section 21 (E) of the Securities Exchange Act of 1934, as amended. Such forward-looking statements and information involve risks and uncertainties, including but not limited to, primary customer order rates, cancellations, dependence on certain customers of the company's specialized business products, and late delivery of vendor supplies, equipment, or services, future financing or funds available to the company, that may cause production delays. Other certainties related to the company's business and securities, which are traded over the counter, are outlined in the information and materials available upon request, by contacting the company's Investor Relations Unit, either by website or telephone.