TORRANCE, Calif., June 7, 2004 (PRIMEZONE) -- Digital Learning Management Corporation (OTCBB:DGTL), a post secondary continuing education company, announced today that it has retained Cinapsys, a California-based investor relations firm as its investor relations and corporate communications group.
Cinapsys has been engaged to assist Digital Learning Management Corporation with its investor relations, corporate and Internet communications and strategic planning. Cinapsys becomes part of an overall investor and public relations strategy to increase awareness and exposure to retail investors and the media.
Zeb Bhatti, CEO of Digital Learning Management Corporation commented, "Cinapsys will assist us with development of our media and communications strategy. Disseminating our story accurately and consistently to our shareholders, analysts and the media is of the utmost importance at this stage of our growth."
Mark Moline, President of Cinapsys, Inc. stated, "Digital Learning Management Corporation, through its brick and mortar and online offerings, is well-positioned to capitalize on the trends in the education marketplace. Recently Business Week Magazine named its top 200 growth companies; education providers took 3 of the top 10 slots." He added, "Corporations and the Government continue to spend upwards of $300 billion per year worldwide on re-training of workers. We are anxious to assist with the dissemination of the Digital Learning story and bring attention to what we think is an exciting young growth company."
Corporate Update
There were approximately 42 million students in the US in 1990. In 2010, the estimated number of students will be 97 million. Education is a growth industry. 66 million adults and more than 50% of all employed persons participate in some form of continuing education each year.* DGTL has developed a model that harnesses organic growth while encouraging growth through acquisition.
Digital Learning Management Corporation (DGTL) is a provider of private post-secondary education in North America. Its education institutions offer a broad range of academic programs in information technology, business & management, telecommunications and other applied industrial technologies, culminating in the award of certificates through bachelor degrees.
On February 27, 2004, DGTL raised a total of $3,000,000 in an offering of 7% convertible debenture notes through a private placement. The proceeds of the financing are being used to execute DGTL's business plan, provide working capital and assist with planned acquisitions.
DGTL recently announced that it has committed to the acquisition of SEA College of Business & Technology, a vocational school located in Orange County, California. The acquisition will complement DGTL's existing portfolio of schools. Once the SEA acquisition is closed, DGTL will have three educational institutions operating, including McKinley University, which was acquired in 2003. This most recent acquisition demonstrates DGTL's commitment to expansion through acquiring synergistic, post-secondary schools.
About Cinapsys, Inc.
Cinapsys is a pioneer in investor relations utilizing not only the Internet, but more traditional methods as well. Cinapsys professionals work to build shareholder value by establishing relationships and effectively communicating our Client's message, investment potential and corporate vision to Main Street, Wall Street and the financial media. Our professionals bring a vibrant, dynamic and enthusiastic spirit to solving our Client's challenges.
*Source: Career College Association, ThinkEquity Partners, Eduventures.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.