MCLEAN, Va., Oct. 1, 2002 (PRIMEZONE) -- KnowledgeMax, Inc. (OTCBB:KWMX) today is pleased to announce the recent signing of KPMG International Inc. and the Newspaper Association of America (NAA) as new customers.
James Speros, President of KnowledgeMax, stated that, "At our current pace, KnowledgeMax is on schedule to reach its FY 2002 goal of 20 new large clients and one million prospective users by year-end."
"In the three short months since our merger, KnowledgeMax has made significant progress," said Donna Lynn, KnowledgeMax COO. "Despite the sluggish economy, our company has been fortunate to gain traction with signing new customers. Additional prospects look favorable and we are working diligently to bring on more customers that are in the proof-of-concept stage before year-end."
Mrs. Lynn further stated, "KnowledgeMax is working closely with its clients to provide a valuable outsourcing solution to help them meet the challenges of today's business environment. The benefits of helping our customers support their workforce and save money at the same time will help KnowledgeMax continue to grow its business and revenues."
KPMG, a leading accounting and services firm, achieved record revenues of US $11.7 billion in 2001, and employs more than 100,000 professionals in member firms in 152 countries worldwide.
The Newspaper Association of America is a nonprofit organization representing the $55 billion newspaper industry, whose member newspapers account for nearly 90 percent of the daily circulation in the United States.
About KnowledgeMax, Inc. (http://www.knowledgemax.com)
KnowledgeMax is based in McLean, VA, and trades on the OTC Bulletin Board as KWMX.OB. The company provides a next generation eBusiness supply chain management system in the form of a 'Knowledge Resource Center' that is preloaded with millions of commercially available content including business books, videos, audio, courseware and other knowledge and learning resources. Customers can also digitized their own unique proprietary 'Information Content' thereby creating a singe source repository for users. KnowledgeMax also provides 'Premium Services' in the form of 'Information-on-Demand' including 'Print-on-Demand' services for all stored content. KnowledgeMax operates the 'Knowledge Resource Center' for each customer in a highly secured environment through a partnership with IBM Hosting Services.
KnowledgeMax also owns a minority interest in Canadian-based Chalk Media Corp., which develops rich media content for companies such as Intel (Nasdaq:INTC), Intuit, Canon (NYSE:CAJ), Microsoft (Nasdaq:MSFT), Royal Bank of Canada, and Sony of Canada (TSE:SNE).
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This document may contain forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. For example, statements of expected synergies, growth and revenue opportunities, management and organizational structure are all forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that KnowledgeMax are unable to transition or obtain customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in KnowledgeMax's Securities and Exchange Commission reports (including but not limited to the annual report on Form 10-K for the year ended December 31, 2001, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions prove incorrect, KnowledgeMax's results could differ materially from Knowledgemax's expectations in these statements. For further discussion of important risk factors that may materially affect management's estimates, KnowledgeMax's results, and the forward-looking statements herein, please see the risk factors contained in Sideware's SEC filings.
Subject company: KnowledgeMax, Inc. (Exchange Act File No. 000-29974)