ARUNDEL, U.K., Jan. 14, 2003 (PRIMEZONE) -- E-Learning solutions provider Futuremedia Plc (Nasdaq:FMDAY) today announced that it has been awarded its first contract from Syngenta, a world-leading agribusiness.
The contract with a value of 144,000 pounds (U.S. $223,000) is for the design, development and implementation of a new communication package that will enable the sales & marketing teams throughout Europe to gain a full understanding of a new product to be launched next year.
Mats Johansson, CEO of Futuremedia Plc, said: "As a forward thinking company, Syngenta is looking at innovative ways in which it can supply its staff with knowledge about new products. Futuremedia Plc was able to demonstrate the benefits of using the features of e-learning to provide Syngenta's people with access to that knowledge wherever they may be and at any time."
Chris Richards, European Marketing Manager (EAME), Syngenta, said: "Futuremedia demonstrated to us the benefits of using e-learning to enable our people to gain the knowledge they need in a proactive and flexible format."
Notes for Editors:
About Futuremedia
Futuremedia plc (est 1983) is a Solutions Provider in the growing eLearning market with 20 years experience in the interactive media field supplying products and services to industrial and commercial business sectors and government, mainly in the U.K. and Continental Europe.
The Company has a proven track record in providing knowledge and training via Solstra, its proprietary Learning Management System which in its largest application has a capacity for 240,000 users.
Incorporated within its principal operation headquartered in the U.K., Futuremedia's Professional Services team identify and specify client requirements and Futuremedia's Content Studio then design and develop custom content for clients' needs. The Futuremedia Library unit specifies and administers any content required from its comprehensive range of third party products. The Solstra Team deploy Futuremedia's own Learning Management System enabling training to be rapidly administered, delivered and progress tracked.
Futuremedia's customers include Consignia (The U.K.'s Royal Mail), Ford Motor Company and BT. Training content from partners SmartForce, Centra Software, SkillSoft and NETg is supplied and supported.
Futuremedia can be found on the Web at http://www.futuremedia.co.uk
About Syngenta
Syngenta is a world-leading agribusiness. The company ranks first in crop protection, and third in the high-value commercial seeds market. Sales in 2001 were approximately U.S. $6.3 billion. Syngenta employs more than 20,000 people in over 50 countries. The company is committed to sustainable agriculture through innovative Research and Technology. Syngenta is listed on the Swiss stock exchange and in London, New York and Stockholm. Further information is available at www.syngenta.com
This press release contains forward-looking statements related to future results and speaks only of the Company's expectations as of the date hereof. Such statements include discussions concerning the Company's financial performance and the performance of its products. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from expectations. The risks and uncertainties include the early stage of the e-learning market, the management of growth, the ability of the Company to develop and successfully market new products, rapid technological change and competition, and other factors detailed in the Company's filings with the US Securities and Exchange Commission. The Company expressly disclaims any obligation to release publicly any updates or revisions to any such statement to reflect any change in expectations or in information on which any such statement is based.
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