MCLEAN, Va., July 29, 2002 (PRIMEZONE) -- KnowledgeMax, Inc. (OTCBB:KWMX) today is pleased to announce that it is providing a new Knowledge Resource Center to General Physics Corporation (GP) of Columbia, Maryland. GP, a subsidiary of GP Strategies Corporation (NYSE:GPX), is a global performance improvement company. With the KnowledgeMax system accessible directly through the GP intranet, GP employees will be able to find and purchase materials for their professional use and personal development from an extensive database of books and other knowledge and learning products. KnowledgeMax's eBusiness supply chain management system seamlessly integrates the processing and fulfillment of each user's order with KnowledgeMax's many suppliers.
"We are very pleased that General Physics has chosen KnowledgeMax to help keep its employees up to date with expert advice, business intelligence and best practices from the foremost business and thought leaders of our time," said Donna Lynn, COO of KnowledgeMax. "Through our Virtual Business School and Experts Online, General Physics' employees have this ready expertise available online any time, any place."
John McAuliffe, President of General Physics stated: "General Physics is committed to providing our employees access to content and resources that can contribute to their professional growth and reward their commitment to our company. Continually working with KnowledgeMax, we can tailor the content and KnowledgeMax's extensive subject hierarchies to meet the focus of our employees."
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 large organizations with eBusiness systems for purchasing knowledge and learning products and services. KnowledgeMax has developed a unique customizable "Knowledge Resource Center," which is a one-stop system for providing employees of Fortune 1000 companies with books, online courses, training videos, audio and other knowledge and learning resources. Complementary premium services allow for the management and delivery of client-developed content and "information on demand." Some of its customers include IBM (NYSE:IBM), Accenture (NYSE:ACN), the International Society for Performance Improvement (ISPI) and the National Association of Manufacturers (NAM).
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).
About General Physics
GP is the principal operating subsidiary of GP Strategies Corporation (NYSE:GPX). GP is a global provider of training, management consulting and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. GP has more than 1,600 professionals and provides services to numerous Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. A partial sample of clients includes the National Association of Manufacturers, Ford (NYSE:F), General Motors (NYSE:GM), Siemens (NYSE:SI), IBM and Lockheed Martin (NYSE:LMT) Additional information about GP may be found at www.gpworldwide.com.
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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.