Broadband Learning Corporation

Broadband Learning Corporation

May 16, 2006 07:00 ET

Broadband Learning Corporation Enters into Agreement with Logic Innovations Inc.

SALT LAKE CITY, UTAH--(CCNMatthews - May 16, 2006) - Broadband Learning Corporation ("Broadband Learning")(TSX VENTURE:BLC), participant in the rapidly expanding distance learning market, is pleased to announce that it has entered into an agreement with Logic Innovations of San Diego, California (a subsidiary of SYS Technologies) to purchase the Logic Innovations Content Distribution System (CDS) to enable the delivery of Broadband University professional certification courses to institutional customers. The agreement calls for immediate delivery of a CDS with an MPEG-4 encoder, content management system, network management system, IP encapsulator, and 100 satellite receivers. The initial purchase is valued at $150,000. Broadband Learning current estimates anticipate the purchase of more than US$7,000,000 in Logic Innovations products to be used in the next 3 year period. These purchase arrangements relate to the 4,000 site distance learning deployment announced on March 21, 2006, and no specific purchase liabilities will be incurred by Broadband learning under the agreement with Logic Innovations until specific purchase orders have been received under the 4,000 site deployment.

Edwin Giles, CEO of Broadband Learning Corporation, stated "I have long admired Logic Innovations' engineering expertise. Their platform allows us to deliver our professional certification courses, live video and video on demand to the desktop in corporate environments where there may be from 10 to 10,000 users. Simultaneously, we can deliver digital signage and patron entertainment utilizing the same platform. Pairing Logic Innovation products with our Broadband University™ courseware delivery system has created a formidable product that cuts the cost of enterprise professional education platforms by tens of thousands of dollars - while improving the end user experience and the reporting and verification capabilities of our clients."

Charles Mrdjenovich, President of Logic Innovations, said "We are very pleased to be a part of Broadband Learning's comprehensive distance learning solution. This is a market that we have targeted as a significant growth opportunity, and our selection by Broadband Learning validates our position as a technology leader in the delivery of content distribution systems to large corporations and institutions. We look forward to a long and mutually beneficial relationship with Broadband Learning."

About Logic Innovations/SYS Technologies

Logic Innovations is a subsidiary of SYS Technologies (AMEX: SYS). SYS Technologies is a provider of information connectivity solutions that capture, analyze and present real-time information to decision makers. Using interoperable communications software, sensors, wireless networks, decision-support tools and Net-centric technologies, its technical experts enhance complex decision-making. SYS Technologies also provide solution lifecycle support with program, financial, test and logistical services and training. Founded in 1966, SYS Technologies is headquartered in San Diego and has principal offices in California and Virginia. For additional information, visit

About Broadband Learning Corporation

Broadband Learning Corporation produces, delivers, supports and manages distance-learning content needed by professionals, corporations and, ultimately, consumers. The distance learning market is experiencing rapid expansion; particularly in the area of continuing education for licensed professionals where Broadband Learning has a particular focus. Using proprietary technology and nationwide distribution capabilities, Broadband Learning provides the professional development market with a patented Internet-based learning system with on demand flexibility, rich multimedia educational resources, and administrative management capabilities. This enables training companies, instructors and content providers to protect their intellectual properties and realize a significant expansion of their reach. Broadband Learning serves North America and many points around the world from its offices in Salt Lake City, Utah. Many of Broadband Learning's products are delivered under the "Broadband University" trade name.

This press release may contain forward-looking statements relating to, among other things, Broadband Learning's expectations concerning future product demand and growth opportunities and customer acceptance of its products. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Broadband Learning disclaims any obligation to publicly update or revise any such statements.

This news release will not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The securities offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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