SOURCE: PCS Edventures!

August 16, 2005 09:41 ET

PCS Edventures! Announces Discussions With Ministry of Education in Egypt and the World Bank

BOISE, ID -- (MARKET WIRE) -- August 16, 2005 -- PCS Edventures! (OTC BB: PCSV) today announced it is having material discussions with the Ministry of Education in Egypt for a countrywide early childhood education project. The project, jointly funded by the World Bank and the Egyptian MOE, will introduce significant changes in the Egyptian school system and will significantly expand and enhance access, quality, and teaching methodologies.

Robert O. Grover, PCS Executive Vice President and CTO, said, "While we are not at liberty to disclose the complete details of these discussions, the managing director of our joint venture based in Cairo has assured us that PCS has been chosen as the primary source for curriculum and teacher training in this program. The PCS Young Learner program, an innovative approach to integrating manipulatives with early childhood education, will be combined with the core early childhood curriculum provided by Foundations, Inc. to create a powerful, research-based, highly effective program for young learners in the Egyptian school system."

Joe Egusquiza, PCS International Sales Manager, said, "PCS Middle East Managing Director, Mr. Mohammed Yasser Refai, has indicated that solid progress is being made on finalizing this project. PCS is delighted with the progress of its joint venture and looks forward to the successful conclusion of the discussions and the beginning of the implementation phase." The complete implementation of the program involves thousands of school sites, both existing and planned new construction, and initial deployment and training phases are expected to begin within the calendar year.

About PCS Edventures!

PCS Edventures! is the recognized leader in design, development and delivery of hands-on, project-based learning labs to the K-14 market worldwide. It has sold and installed more than 2,750 hands-on, Engineering, Robotics & Science labs at public and private schools, pre-schools, Boys & Girls Clubs, YMCAs, and other after-school programs in all 50 states in the U.S., as well as sites in 13 countries Internationally. The Labs are supported by Edventures! OnLine, which is an Internet-based and accessed program available in multiple languages, through its curriculum, communication, assessment capabilities, and online community features. This site can be accessed from the Labs or from the home at www.edventures.com.

Contact Information

  • Contact Information:
    Financial Contact:
    Christina M. Vaughn
    1.800.429.3110 X 101

    Investor Contact:
    Anthony A. Maher
    1.800.429.3110 X 102
    Email Contact

    Web Site:
    www.edventures.com