NEW YORK, Oct. 31, 2002 (PRIMEZONE) -- Exus Educational Network (EEN) a division of Exus Networks, Inc. (OTCBB:EXUS), a global provider of end-to-end Educational Courses, today announced that it has signed a Memorandum of Understanding (MOU) with The Mount Sinai School of Medicine Television Network in New York, the interactive distance learning program for continuing medical education (CME) of Mount Sinai School of Medicine (MSSM), one of the world's foremost centers of medical research, training and care.
Under the terms of the agreement, MSSM will provide EEN with proprietary medical education content and resources for delivery over EEN's network to overseas doctors participating in CME programs. In 2001, EEN announced that it reached an agreement with the Health Ministry of Poland to bring CME resources to 20,000 doctors participating in CME programs in Poland. EEN is also working on concluding similar agreements with Health Ministries of other countries around the globe. This MOU will allow EEN to vastly expand the CME resources it offers over its global network.
Aside from MSSM's global recognition as a leading center of medical research and education, EEN cited MSSM's wealth of high-quality content and experience as the most technologically advanced multimedia production service in medical education as its reasons for partnering with MSSM. The agreement will allow EEN to make available MSSM's live and archived streaming broadband and narrowband video content, interactive on-line quizzes and surveys, topic-specific discussion forums, private and public e-mailing, accredited academic certification programs, and storehouse of CME content covering a wide array of medical fields and topics.
Ike Sutton, Chairman and CEO of Exus, stated: "This is an exciting moment for us as we take a big step towards our goal of becoming the world's leading provider of continuing medical education resources. We are proud to partner with Mount Sinai, one of the most recognizable names in the world of medicine, and we look forward to incorporating in our program other partners who have sponsored CME globally, such as Merck (NYSE:MRK) and GlaxoSmithKline (NYSE:GSK)."
Frederick S. Bobrow, Director of Educational Technology for the Continuing Medical Education Program of The Mount Sinai School of Medicine, added: "We have developed very sophisticated CME materials which we are more than happy to see EEN delivering content in Poland. We look forward to working with EEN as they launch similar initiatives in the other emerging markets countries on their network and globally to allow us to educate as many medical professionals as possible."
About Exus Networks, Inc.
Exus Networks is a global provider of a broad array of value-added services delivered digitally via a combined satellite and terrestrially based network. Exus Educational Network (EEN) division concentrates on delivering Education to emerging markets. These services are provided to a diverse client base that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through service agreements and strategic relationships with satellite network operators, teleport facilities, leading telecommunications partners and the Company's data center in New York, Exus Networks benefits from the growing need for affordable, premium quality, managed data services. This is particularly true in emerging markets, where Exus benefits from being a first-mover advantage. To learn more about the Company, please visit its Website at http://www.exus.net.
About Mount Sinai School of Medicine
Mount Sinai School of Medicine in Manhattan is one of the world's foremost centers for medical and scientific training, known for its commitment to excellence in research, education and patient care. Mount Sinai's educational philosophy reflects the ever-changing face of contemporary science -- the most important thing a medical or science student can learn is how to continue learning. Medical education at MSSM is designed to help each student reach his or her maximum potential as a well-rounded human being through a truly exceptional educational experience that leads to graduates who are not only highly skilled but also compassionate caregivers. An innovative curriculum that is one of the most progressive in the country, stresses the humanistic and ethical aspects of medical practice as well as problem-solving strategies. Mount Sinai School of Medicine Television Network is MSSM's interactive distance learning program for continuing medical education, internationally recognized as a leader in the field. For more information, please visit www.mssm.edu and www.mssmtv.org.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.