StockNight Newsletter - LearnCom Recaps its Strategy and Results
Stocknight ListServer
bounce-stocknight-163101 at lyris.stocknight.com
Thu Jun 7 09:20:08 PDT 2001
[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. This
compensation constitutes a conflict of interest as to MPs ability
to remain objective in its communication regarding the subject
company. Write or call MP for detailed disclosure as required by
Rule 17b of the Securities Act of 1933/1934. MP is not an
investment advisor and this report is not investment advice. This
information is neither a solicitation to buy nor an offer to sell
securities. Information contained herein contains forward-looking
statements and is subject to significant risks and uncertainties,
which will affect the results. The opinions contained herein
reflect our current judgment and are subject to change without
notice. MP and/or its affiliates, associates and employees from
time to time may have either a long or short position in
securities mentioned. Information contained herein may not be
reproduced in whole or in part without the express written consent
of Market Pathways Financial Relations Incorporated.
---
You are currently subscribed to stocknight as: cypherpunks at algebra.com
To unsubscribe send a blank email to leave-stocknight-163101P at lyris.stocknight.com
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: text/html
Size: 9452 bytes
Desc: not available
URL: <https://lists.cpunks.org/pipermail/cypherpunks-legacy/attachments/20010607/ca8ddc66/attachment.txt>
More information about the cypherpunks-legacy
mailing list