LOS ANGELES, Oct. 26, 2004 (PRIMEZONE) -- Digital Learning Management Corporation (OTCBB:DGTL), a provider of private post-secondary education in North America, is pleased to announce that it has released its new Virtual University Appliance (VU), a hardware and software all-in-one solution for creating and deploying e-learning portals, environments and ecosystems.
The VU Appliance is a complete state-of-the-art hardware and software solution incorporating the company's CourseMate(tm) Virtual University system. The system, or 'appliance' as it is referred to, allows traditional brick and mortar educational institutions and commercial organizations to create a virtual e-learning presence from scratch. The appliance, which is a standard 1U rack mounted device, can be placed in the client's location behind their firewall or housed and managed at Digital's facility. The system accepts content created in multiple formats and presents that content over the Internet or intranet.
Zeb Bhatti, CEO of Digital commented, "The Virtual University Appliance represents the culmination of our efforts to create a solution that allows traditional brick and mortar institutions as well as commercial organizations to bring their curriculum and learning online quickly and efficiently. This system significantly lowers the barriers to entry into the e-learning space with lower implementation costs and reduced implementation time." He added, "We have created a price point for the VU Appliance that will allow even the smallest of institutions to develop an e-learning strategy and have a complete virtual learning environment up and running in a matter of days."
According to IDC, in a press release dated October 14, 2003, "The U.S. corporate e-learning market is showing signs of promise this year and will return to exceptionally strong growth in 2004 through 2007, when the market will reach approximately $10.6 billion. Web-based technology is becoming the game changer we predicted it would," said Michael Brennan, program manager for Corporate Learning and Performance research at IDC. "Buyers are leveraging the Web as a tool to augment classroom delivery, to more tightly integrate learning with other HR processes, and to deliver instruction in a context-sensitive manner."
Bhatti concluded, "Our VU Appliance product integrates all of the functions of traditional as well as online learning management including tools to create courses, aggregate content from existing knowledge assets, store the content in a central knowledge repository, scheduling and tracking of students and much more."
More information is available by contacting the company directly. CourseMate(tm) information is available on the web at: http://www.coursemate.com.
About Digital Learning Management
Digital Learning Management Corporation is a provider of private post-secondary education and support systems in North America. Its education institutions offer a broad range of academic programs in Information Technology, Business & Management, Telecommunications and other Applied Industrial Technologies, culminating in the award of certificates through Bachelor degrees. With its proprietary Web-based Campus Management System (CourseMate Virtual University System), its learning institutions are able to seamlessly implement a 'Blended Learning' environment and provide a powerful learning experience, whether in a traditional classroom setting or delivered directly to a desktop computer. The CourseMate Virtual University System is an end-to-end Campus and Learning Management platform that leverages the Internet to fully integrate all aspects of education, resulting in a profoundly effective way to instruct and learn.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.