Serebra Launches Cortex: Innovative New Learning Management System

Advanced Feature Set and Strengthened Administration and Hosting Services Make Cortex One of the Industry's Most Cost-Effective E-learning Solutions


SURREY, B.C., Feb. 10, 2003 (PRIMEZONE) -- Serebra Learning Corporation (TSX Venture Exchange:SBR), Canada's leading provider of e-learning solutions, today announced the immediate availability of Serebra Cortex, a platform designed to ease the deployment of e-learning installations. Cortex includes many new and enhanced features that can help improve productivity within a training organization and reduce overall cost of ownership.

New training management features and functions in Cortex include groundbreaking technology for e-learning customers who are seeking an impressive suite of capabilities at a competitive price point. Combined with Serebra's extensive courseware library, flexible course licensing options and a fully hosted support model, Cortex provides unparalleled value for customers seeking a scalable, flexible, feature rich and easy to use learning management platform.

Cortex incorporates feedback from hundreds of business partners and customers, ranging from small businesses to Global 2000 organizations that have been part of early deployment and platform iterations that have run for the past twelve months. Cortex aims to help customers meet their business needs and leverage their existing training investments into the future, while adding innovative technologies to keep the product on the leading edge.

New packages and programs from Serebra have been designed expressly for the Cortex launch to help customers and business partners get more value from their Serebra investment. The entire line of Cortex products continues Serebra's tradition of delivering advanced functionality for end-users and administrators.

Available in branded and unbranded versions, Cortex provides three critical elements needed to create and manage e-learning initiatives:


 -- Customized Portals -- a Web-based, customizable interface that 
    provides continuous access to learning resources, allowing students
    to learn in a "comfortable" online environment.

 -- Learning Administration -- an integrated, plug-in free, web-based 
    Administration module that allows the corporate or department 
    administrator to manage users, courses, departments, payment, and
    to produce reports.

 -- Off-site hosting -- with Serebra's hosted service, an organization's 
    e-learning initiative can be up and running quickly; there are no 
    hidden start up expenses, no conflicts with an IT department and no 
    need to requisition equipment.

Cortex is a management tool and course deployment system that provides a simple and convenient method of delivering courseware to students wherever they are located. Cortex allows a training coordinator to control who takes which courses, determine length of access to the course, report on student usage, and review test results. Additionally, Cortex provides the ability to create custom curricula, issue certificates of completion and access standard management reports.

"The new Cortex features, co-developed in partnership with our customers, strengthen Serebra to better meet the needs of today's flexible and fast-paced training organizations," said Ted Moorhouse, President of Serebra Learning Corporation. "Customers consider the Cortex functionality as the most used and valued, and we now have a strong core technology offering from which we can build into the future."

On behalf of the Board of Directors,

SEREBRA LEARNING CORPORATION

Ted Moorhouse, President

About Serebra Learning Corporation

Serebra Learning Corporation (TSX Venture Exchange:SBR) is Canada's leading full-service supplier in the e-learning sector, with more than 40 resellers and affiliates operating globally. The Serebra Education Centre in Surrey, B.C. hosts one of the world's largest e-learning platforms, serving both its corporate customers' needs through the Cortex hosted Learning Management Platform, and consumer needs in over 130 countries through over 130 Learning Centre Partner sites. Serebra's award-winning courseware is backed up by multiple pricing options to suit the needs of businesses of all sizes, and custom development capabilities for situations where ready-to-use courseware won't serve a company's needs. For more information, visit www.serebra.com.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



            

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