| Editor's
Note |
 |
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 |
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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 Company’s filings with the Securities and Exchange
Commission.
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