SOURCE: SmallCap.TV

October 04, 2005 13:01 ET

Market Watch Report -- Wide E-Convergence Technologies Americas Corporation Enters Into Important Letter of Intent With Cygnet Infotech Pvt. Ltd., Increased Revenues Expected

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by SmallCap.TV

SAN DIEGO, CA -- (MARKET WIRE) -- October 4, 2005 -- SmallCap.TV's "Traders News Alert" Wide E-Convergence Technologies Americas Corporation (WECTAC) (OTC: WDCV), a provider of e-learning technologies and services for training, education and communication, is pleased to announce that WECTAC has executed a Letter of Intent (the "LOI") with Cygnet Infotech Pvt. Ltd. ("Cygnet"), a private Ahmedabad, India-based e-learning and software services company, to distribute its e-learning management system (LMS) and services to North America.

WECTAC is excited to continue building its product suite of e-learning solutions. We are very fortunate to be working with Cygnet who has deployed their proven solutions to many clients around the world," said Mr. Vincent Ramoutar, WECTAC President and CEO.

The joint relationship will allow WECTAC to market and distribute the LMS Portal product and services of Cygnet's technology on terms to be negotiated, in order to enable WECTAC to offer Cygnet solutions exclusively to WECTAC's customers. Cygnet and WECTAC will enter into written and binding agreements.

"We look forward to working with WECTAC and its clients to expand our current market presence from India to now include North America," said Niraj Hutheesing, Cygnet Director.

-Wide E-Convergence Technologies Americas Corporation NEW to www.SmallCap.TV

MARKET OPPORTUNITY & INVESTMENT HIGHLIGHTS

Booming Industry:

According to the US Distance Learning Industry, distance learning revenue was $425.6 million in 1994 (Frost & Sullivan). By 2003, annual revenue was $4.5 billion, an over tenfold increase in less than a decade. What is more, that figure is expected to reach $11 billion by 2009!

Copyrighted Platform:

At the heart of WECTAC's program is the company's copyrighted Tran-needc platform. This platform allows the presenter/instructor to deliver both "live" and "on-demand" interactive sessions to a large number of participants, regardless of their locations. The system is comprised of several completely integrated modules (Administrator, Instructor, Participant) that allow both complete control and unhindered access.

Tremendous Benefits: From corporations to educational institutions to individuals, the advantages of WECTAC's program are many and varied. Corporations can eliminate expensive training locations and reduce travel and expenses. Educational institutions can reach students well beyond the borders of their campuses and drastically reduce costs. Individuals can retain scheduling flexibility and save on tuition and expenses.

Latest Technology: Largely a result of the remarkable profligation of the Internet, e-learning began to take shape in the mid 1990s but lacked significant interactivity. With the latest developments in broadband access, instant messaging, and satellite data transmission, distance learning students can now actively participate in real time with live instructors in a virtual classroom environment.

Widespread Acceptance: Distance learning is now a serious option for virtually all types of education at every level. Harvard University offers distance learning options, and accredited universities offer everything from B.A. to PhD programs. Some estimate that as much as half of all traditional campus programs are now available online.

About WECTAC

Wide E-Convergence Technologies Americas Corporation (WECTAC) (www.wectac.com) provides a powerful platform and consulting services for Interactive Distant Learning (IDL). WECTAC works with corporate and institutional organizations to develop creative solutions for complex, multi-site locations. WECTAC's full range of software and services enable organizations and institutions to meet their e-learning needs, reduce travel expenses, offers customized just-in-time education programs, product launch programs, engage in real-time training and testing across many concurrent locations, and a more effective communication strategy. WECTAC's services are provided within their IDL, a Learning Management System platform to better equip clients to make informed e-learning decisions. Through the integration of a proven technology platform, WECTAC effects a positive change in the e-learning environment while directly reducing training and travel budgets. Additionally, clients are able to customize their training and testing programs, promoting efficiency in delivery and organizational success.

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