Broadband Learning Corporation Enters Distance Learning Market for Teachers, Issues Shares
10 Dezember 2008 - 11:06PM
Marketwired
Broadband Learning Corporation ("Broadband Learning" or the
"Company") (TSX VENTURE: BLC), a participant in the rapidly
expanding distance learning market, today announced its entry into
the distance learning market for teachers, and also the issuance of
279,473 shares of the Company's common stock in satisfaction of
certain interest payments.
A marketing agreement has been signed with School Improvement
Network, Inc. ("SiNet") of Sandy, Utah, under which Broadband
Learning will market and distribute SiNet's PD 360 programs to post
secondary institutions primarily in the United States. PD 360 is a
library of professional teacher development resources that make
professional learning more effective, convenient, and sustainable.
With over 200 hours of research-based video content, plus tools for
follow-up, tracking, reflection, and group training, PD 360 is a
comprehensive solution to professional teacher development
needs.
"This agreement gives Broadband Learning access to a premiere
library of high quality courses to sell online in the post
secondary learning environment" said Bob Dameron, President and CEO
of the Company. "It also gives us a core curriculum to begin
construction of an online Masters of Education program" said
Dameron.
Broadband Learning earlier this week also issued an aggregate of
279,473 shares of its common stock to eight holders of certain
notes payable by the Company. As disclosed in the September 30,
2008 interim financial statements, the principal amount of the
notes were paid off during the third quarter and the note holders
agreed to accept these shares at a price of $0.10 per share in
satisfaction of accrued interest payments.
About Broadband Learning Corporation
Broadband Learning Corporation produces, delivers, supports and
manages distance learning content for professionals, corporations
and consumers using proprietary technology and worldwide
distribution capabilities. Broadband Learning is addressing the
professional development market by providing a patented
Internet-based learning system with on-demand access, multimedia
educational resources, and administrative management capabilities.
Broadband University is a brand name used by Broadband Learning's
wholly-owned subsidiary Broadband Learning Inc. to focus on the
distance learning markets using patented technology under a license
agreement with School Improvement Network, Inc. of Salt Lake City,
Utah. In 2007, Broadband Learning formed a new subsidiary, BL Media
Inc. to undertake the Company's digital media operations.
This press release may contain forward-looking statements
relating to, among other things, Broadband Learning's expectations
concerning future product demand and growth opportunities and
customer acceptance of its products. These forward-looking
statements are neither promises nor guarantees, but involve risks
and uncertainties that may cause actual results to differ
materially from those in the forward-looking statements. Broadband
Learning disclaims any obligation to publicly update or revise any
such statements.
This news release will not constitute an offer to sell or the
solicitation of any offer to buy the securities in any
jurisdiction. The securities offered will not be and have not been
registered under the United States Securities Act of 1933 and may
not be offered or sold in the United States.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Broadband Learning Corporation Bob Dameron President
& CEO (801) 290-5066 Website: www.broadbandlearning.com
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