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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/