LOS ANGELES, Nov. 1, 2004 (PRIMEZONE) -- Digital Learning Management Corporation (OTCBB:DGTL), a provider of private post-secondary education and Internet based learning technology in North America, is pleased to announce that it has begun the first phase of its investor awareness program. The company has, and will continue to present at several financial industry conferences throughout the U.S. over the next several months. The goal is to introduce the Digital story to the financial and brokerage communities.
Digital recently presented at the Roth Capital/RedChip Conference in New York. Zeb Bhatti, CEO of Digital commented, "Our presentation at the RedChip Discovery Day was well received by the investment professionals we spoke with. We feel that we have a unique opportunity to capitalize on our ability to acquire small vocational schools and implement our eLearning platform, creating a dynamic blended learning environment that will positively reposition these schools as virtual institutions."
Over the past several months Digital has acquired two vocational schools; SEA College of Business & Technology and TechConsults.net, both located in Southern California. Bhatti stated, "These acquisitions demonstrate Digital's ability to identify and consummate synergistic relationships that can greatly impact growth and revenues. Our management strength and experience, combined with our proprietary CourseMate(tm) technology gives us a unique competitive advantage in our market."
According to Research and Markets, Ltd., Europe's largest resource for market research, "The global education and training market is a $2 trillion industry, out of which the U.S.A has a share of $740 billion. Approximately 10% of this is "for- profit" business. The growth rate for the different education and training market segments is projected at 10-15%."
About Digital Learning Management
Digital Learning Management Corporation 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. With its proprietary Web-based Campus Management System (CourseMate Virtual University System), its learning institutions are able to seamlessly implement a 'Blended Learning' environment and provide a powerful learning experience, whether in a traditional classroom setting or delivered directly to a desktop computer. The CourseMate Virtual University System is an end-to-end Campus and Learning Management platform that leverages the Internet to fully integrate all aspects of education, resulting in a profoundly effective way to instruct and learn.
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.