BRIGHTON, England, June 3, 2003 (PRIMEZONE) -- Futuremedia Plc (Nasdaq:FMDAY), the eLearning solution provider, today announced the completion of moving the business to new offices in central Brighton -- one of Europe's IT centres. The move into new functional office space, negotiated on terms favourable to the company, follows the sale of its premises in nearby Arundel. Mats Johansson, CEO, comments, "Our move to Brighton will bring us closer to our customers and provide us with a much larger employment pool at competitive cost for recruitment -- both essential to support our continued growth. Our new location is also within a 20-minute train ride from Gatwick International Airport, a major UK gateway, offering us easy access to Europe as we implement our European growth strategy." Accessibility has taken on an increased importance since the company purchased 29.8% of the equity of Scandinavian eLearning provider, Luvit. The two companies plan to build a leading European eLearning venture, expand their existing client bases in the UK and Scandinavia, the second largest European eLearning market, as well as open up Luvit's client base to Futuremedia's content production and content brokerage services. www.futuremedia.co.uk
About Futuremedia plc
Futuremedia plc (est. 1983) is a Solutions Provider in the growing eLearning market with 20 years' experience in the interactive media field supplying products and services to industrial and commercial business sectors and government, mainly in the UK and Continental Europe.
The Company has a proven track record in providing knowledge and training via Solstra, its proprietary Learning Management System that in its largest application has a capacity for 240,000 users.
Incorporated within its principal operation headquartered in the UK, Futuremedia's Professional Services team identify and specify client requirements and Futuremedia's Content Studio then design and develop custom content for clients' needs. The Futuremedia Library unit specifies and administers any content required from its comprehensive range of third party products. The Solstra Team deploy Futuremedia's own Learning Management System enabling training to be rapidly administered, delivered and progress tracked.
Futuremedia's customers include Royal Mail, Syngenta, BUPA and BT. Training content from partners SmartForce, Centra Software, SkillSoft and NETg is supplied and supported. Futuremedia can be found on the web at www.futuremedia.co.uk "Safe Harbor" Statement under Section 21E of the Securities Exchange Act of 1934: This press release contains forward-looking statements related to future results and speaks only of the Company's expectations as of the date hereof. Such statements include discussions concerning the Company's financial performance and the public market for its securities. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from expectations. The risks and uncertainties include the early stage of the Internet and intranet learning and communications market, the management of growth, the ability of the Company to develop and successfully market new products, rapid technological change and competition, and other factors detailed in the Company's filings with the US Securities and Exchange Commission. The Company expressly disclaims any obligation to release publicly any updates or revisions to any such statement to reflect any change in expectations or in information on which any such statement is based.
For further information: Press Information: Kay Phelps, The PR Department for Futuremedia, +44 7710 043244; kay.phelps@btinternet.com Futuremedia Investor Relations: Mats Johansson, +44 1273 829 700; ir@futuremedia.co.uk