CHATSWORTH, Calif., Nov. 22, 2006 (PRIMEZONE) -- Adera Mines, Ltd (OTCBB:AAML) announced today that its wholly owned subsidiary, Chatsworth Data Corporation (www.chatsworthdata.com), a leader in forms-based data capture technology, has entered into an international joint marketing agreement with Pearson Assessments, a premier provider of assessment instruments and data capture tools and technologies for use in education, business and health care settings. Under the terms of the agreement, Chatsworth's optical mark reader (OMR) and image scanning technology will be marketed and sold by Pearson's network of 46 independent distributors in 71 countries worldwide. The agreement dramatically expands Chatsworth's global market presence, as well as its three-year relationship with Pearson, which embeds Chatsworth technology into the intelligent data capture solutions it sells into several key markets.
John Harnett, president and CEO for Pearson Assessments, said, "With rapidly growing demand for reliable, high-speed solutions to automate the capture of data from forms, tests, surveys and other documents, this is a natural evolution of our partnership with Chatsworth. Chatsworth products are technically advanced, highly reliable and economical, which is a win-win for Pearson, its distributors and our customers."
Pearson embeds Chatsworth technology into the solutions it delivers to its customers, adding software, forms, analytical assessment and data management functionality tailored to key target markets. Its tools and instruments are used by professionals in clinical, medical, forensic, correctional, public safety, K-12, career guidance and counseling settings for applications including student records management, surveys, enrollments, patient encounter, test scoring and more.
"We are very excited about this new agreement with Pearson and its distributors worldwide," commented Stewart Asbury, Chatsworth Data's President and CEO. "For us, it means we now have literally hundreds of new feet on the street representing our data capture technology around the world. We have had a strong relationship with Pearson Assessments in the education market for several years, and I'm confident that this new agreement will further strengthen the product set that we jointly bring to market."
About Chatsworth
Located in Chatsworth, CA, Chatsworth has been trusted worldwide for 35 years as a leading provider of innovative, highly accurate and economically priced intelligent data capture technology. Chatsworth provides the front end optical mark sensing and image scanning systems designed to meet the forms capture and document management needs of value added resellers, system integrators and applications developers who embed Chatsworth technology into solutions tailored for several key markets. Chief among them are gaming, educational testing, elections, surveying, and intelligence gathering. Over a million reader and optical head assemblies have been sold by the company to date, making Chatsworth one of the leading providers of forms data capture technology. Chatsworth also develops impact recording devices for packaging, shipping, insurance and transportation companies as well as organizations that manufacture fragile or sensitive products.
About Pearson Assessments
Pearson Assessments provides assessment instruments and data capture tools and technologies for use in education, business and health care settings. Backed by a half century of knowledge and expertise, Pearson Assessments -- integrating Pearson NCS and the assessment division of AGS Publishing with the original Pearson Assessments business -- offers products and services to deliver the accurate, reliable and usable information that professionals seek. Pearson Assessments is a business of Pearson Education, the world's largest integrated education company, which in turn is part of Pearson (NYSE:PSO), the international media company. Pearson's other primary operations include the Financial Times Group and the Penguin Group.
Forward Looking Statements
This release and other materials released by the Chatsworth Data Corp, as a wholly owned subsidiary of Adera Mines, Ltd. (the "Company"), from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed or to be filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.