Broadband Learning Corporation
TSX VENTURE : BLC

Broadband Learning Corporation

March 21, 2006 12:48 ET

Broadband Learning Corporation Receives First Purchase Order on 3-Year Program to Deploy Distance Learning Solution for up to 4,000 Sites

SALT LAKE CITY, UTAH--(CCNMatthews - March 21, 2006) - Broadband Learning Corporation ("Broadband Learning") (TSX VENTURE:BLC), a leader in distance learning, is pleased to announce it has received its first purchase order under a three year program with a major U.S. based provider of Continuing Professional Education ("CPE"). Under the program, Broadband Learning will lead the installation of satellite and internet fed distance learning video servers at up to 4000 sites, of which 100 sites are covered by the initial purchase order. Further purchase orders are expected as approvals are received from each site.

Broadband Learning will provide equipment, install, maintain and manage the network. The systems to be installed will enable the delivery of live training video to any television or desktop computer at the site. The sites at which the systems are being installed typically employ hundreds, and in some cases over a thousand professionals. In addition, the satellite video servers will enable the professional personnel to view the CPE content on demand -according to their own schedule. The video server system also provides the capacity to deliver a dedicated customer education channel, and also provides applications for digital signage tailored to each individual location.

The total value of the three year program will be up to US$12 million, of which approximately half is expected to be completed in the first year of the program. In addition to these installation revenues, a stream of ongoing revenues is expected to develop for maintenance, support, and other content that Broadband Learning is able to transmit or distribute over the network.

For competitive purposes, Broadband Learning's customer has requested that its name and the nature of the sites it is serving be kept confidential at this point.

About Broadband Learning Corporation

Broadband Learning Corporation produces, delivers, supports and manages distance-learning content needed by professionals, corporations and, ultimately, consumers. Broadband Learning uses 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.

Contact Information

  • Broadband Learning Corporation
    Edwin Giles
    CEO
    (801) 281-2266 x 215
    5936 South 350 West, Murray, Utah 84107
    www.broadbandlearning.com
    or
    Investor Cubed Business Development Corp.
    Neil Simon
    CEO
    (416) 366-0010 x 203
    49 Front St. East, 4th Floor, Toronto, Ontario, M5E 1B3
    www.investor3.ca