[Stocknight.com] [Image] [Image] Issue 7 June 6, 2001 Editor's Note [Image] Today, in our continued effort to bring you breaking after market news we have chosen to feature a company whose business model revolves around corporate risk management. Secretary of Labor Elaine L. Chao recently stated "Every day 16 workers still lose their lives in this country. And every hour 650 workers experience an injury or illness on the job. While these numbers are steadily coming down, they are still far too high." OSHA compliance and workplace safety is just one of the areas of Risk Management in which LearnCom engages. Read on! Breaking News [Image] LearnCom, Inc.'s (otcbb: LRCM) four Business Units provide single-source learning resources and consulting services to businesses, government agencies and other non-profit organizations. The Company focuses on human resources, management and safety training - specializing in diversity and critical compliance areas including harassment prevention, employment law and OSHA-required training. LearnCom's resources are provided in a variety of formats including Internet and Intranet delivery, video and CD-ROM. For additional information, visit www.learncom.com, www.videolrn.com and www.trainseek.com. Today at approximately 38 minutes after the market's close, LearnCom (otcbb: LRCM) issued a press release. Obviously, due to the late release the market as yet has not been able to react. The release has been excerpted below. Click here for the entire relase: LRCM BREAKING NEWS LearnCom Recaps its Strategy and Results CEO Provides Recap of Strategy and Progress. LearnCom CEO Lloyd Singer stated, ``Our goal is to become the major supplier of soft skills training resources and related services in the highly fractionated $60 billion training industry. The (company's) first acquisition in January, 1999 included the high quality video assets (several hundred titles) of WingsNet, Inc. and provided the foundation to get the business started. By midyear, '99 we were cash neutral on just $750,000 in sales and provided our backers with the confidence to fund further growth. In August, 1999, we acquired the stock of BNA Communications, a 50 year producer/distributor of high quality video courseware specializing in harassment prevention, diversity and employment law. The company had been a subsidiary of The Bureau of National Affairs, the large Washington, D.C. publisher and information provider to the legal and HR professions. In January, 2001, we acquired the stock of venerable distributor, VideoLearning Systems, Inc. (VLS). This deal provided an additional eight salespeople, and three excellent managers. Integration is proceeding on schedule. VLS is on track to generate $2.5 million in revenue in 2001. Again, this is just part of the entire release issued after the close today. Click here to read it in its entirety: LRCM NEWS Related links, Due Diligence & Financials: LearnCom Corporate HomePage More LearnCom Financial Data LearnCom Chart Full 10Q for LRCM (PDF Format) Disclaimer & Safe Harbor Statement: SafeHarbor: This fact sheet contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of the 1934. These forward-looking statements can be identified by the use of forward-looking terminology such as may, could, expected to and believes. Actual events or performance involve risks and uncertainties that could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in forward-looking statements include competition, themanagement of our growth and the ability to deliver new products to market on time. Such forward-looking statements are subject to other risks and uncertainties, which are detailed in the Companys filings with the Securities and Exchange Commission. Disclaimer: StockNight.com is a property of Market Pathways Financial Relations Incorporated (MP). The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. This report is for information purposes only and should not be used as the basis for any investment decision. MP has been paid $15,000 by Buena Vista Consulting Inc., which holds an investment in the subject company, for the preparation and dissemination of this report. 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