SOURCE: Wide E-Convergence Technologies Americas Corporation

October 04, 2005 09:00 ET

Wide E-Convergence Technologies Americas Corporation (WECTAC) Enters Into a Letter of Intent With Cygnet Infotech Pvt. Ltd.

BAY CITY, MI -- (MARKET WIRE) -- October 4, 2005 -- 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.

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.

About Cygnet & LMS-Portal

Cygnet Infotech Pvt. Ltd. is an IT company based in Western India. Their IT product & services offerings, including an e-learning platform, have continuously met their clients' high expectations of features, technology and support. Cygnet Infotech's aim is to provide tomorrow's solutions today. Cygnet products and services also address affordability and convenience for its customers. Cygnet has clients in US, UK, Canada, Germany, Ireland, Singapore, Denmark, South Africa and India. www.cygnet-infotech.com

LMS-Portal is a technology driven e-learning platform that enables educational institutions and business organizations to move teaching, training, and learning initiatives and programs on the Internet for e-learning to take place. LMS-Portal provides an internet/intranet-based infrastructure for teachers, trainers and program directors to manage and track a student, employee, or trainee's participation and performance in e-learning. LMS-portal addresses e-Learning needs of University, School & College, Tuition class, Corporate and training Institutes. LMS-Portal is quick start, customizable & scaleable to your changing needs.

Information presented in this newsletter contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "projects," "foresee," "expects," "will," "anticipates," "estimates," "believes," "understands" or by statements indicating certain actions "may," "could," or "might" occur.

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