Digital Learning Management's Virtual University Appliance Unveiled at the Annual South Bay Economic Forecast Conference
November 03 2004 - 8:00AM
PR Newswire (US)
Digital Learning Management's Virtual University Appliance Unveiled
at the Annual South Bay Economic Forecast Conference Company
Positioned to Substantially Increase Revenues From New Product
Sales in Fiscal 2005-2006 Year LOS ANGELES, Nov. 3
/PRNewswire-FirstCall/ -- Digital Learning Management Corporation
(OTC:DGTL) (BULLETIN BOARD: DGTL) , a provider of private
post-secondary education and supporting internet-based learning
systems, recently announced that it had 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. Digital has already received
commitments for over $75,000 of VU Appliance product, representing
5 units. Sales forecasts for the VU Appliance indicate potential to
sell upwards of 500 units per year, which could result in revenues
of over $12.5 million dollars to the company for the lower end
version and approx. 500 units of the higher end version resulting
in approx. $28.0 million in revenue. Zeb Bhatti, CEO of Digital
commented, "We are extremely pleased with the reception that our
innovative turn-key e-Learning product received. The Conference
attendees indicated strong interest in the product and we believe
that we have created a solution that will fill an important and
potentially lucrative niche in the e-learning space." He added,
"Most organizations embarking on e-learning know that cost of
entry, time to implement, ease of use and reduced on-going costs
are major data points in decision making for e-learning solutions.
We believe our all-in-one solution addresses these issues head-on."
Digital has eight salespeople currently working on the marketing
and sale of the VU Appliance. The company anticipates strong demand
due to the attractive price point of the product, which is between
$18,000 and $50,000 dollars per unit. About the VU Appliance 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. 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. Digital
Learning Management Corporation Zeb Bhatti 310-921-3444
http://www.dlmcweb.com/ Investor Relations Cinapsys, Inc. Mark
Moline 949-497-6684 866-EASY-IRM 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 risk 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. DATASOURCE: Digital Learning Management Corporation
CONTACT: Zeb Bhatti of Digital Learning Management Corporation,
+1-310-921-3444; or investor relations, Mark Moline of Cinapsys,
Inc., +1-949-497-6684, or +1-866-EASY-IRM, Web site:
http://www.dlmcweb.com/ Web site: http://www.coursemate.com/
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