Royal Mail Renews Contract With Futuremedia Plc
Award winning LMS continues to deliver eLearning across major
ARUNDEL, ENGLAND,, United Kingdom, April 29, 2003 (PRIMEZONE) --
eLearning solutions provider Futuremedia Plc (Nasdaq:FMDAY) today
announced that the Royal Mail Group plc (formerly Consignia), one of
the world&'s largest distribution companies, has decided to renew its
existing contract with Futuremedia. This follows two years of
successful delivery of a complete eLearning service to Royal Mail.
Under the terms of the new contract, continuation is on an annual
basis, with automatic rolling renewal.
Royal Mail will continue to use Futuremedia's Learning Management
System for the delivery of a wide portfolio of eLearning products
including: induction training, generic management and IT training
skills, bespoke internal IT systems training, marketing and leadership
skills across its organisation. Futuremedia will continue to manage the
software, platform and site hosting, as well as provide a content
brokerage service for ongoing eLearning requirements. For this, Royal
Mail's ongoing training requirements are assessed, and then course
search, negotiation and administration and technical testing and
integration are handled on the organisation's behalf.
Royal Mail, together with Futuremedia plc and Tata Interactive Systems
won the Personnel Today e-learning award in 2001 for the creation of an
eLearning managed service accessible by all 31 of its business units
where six months previous no such capability had existed.
Nigel Marsh, eLearning Lead Project Manager, Learning and Assessment
Services of Royal Mail, stated: "We have been very pleased with
Futuremedia's delivery of a fully integrated eLearning service over the
past two years. In particular we appreciate Futuremedia's flexible and
innovative approach to meet our specific requirements. This strategic
partnership has proved to be very effective with Futuremedia
proactively developing creative proposals ensuring eLearning solutions
satisfy business objectives. Our decision to renew the contract with
Futuremedia is a direct result of the value we place on this
partnership, its achievements to date and the expectation we have of
what will be delivered in the future."
Mats Johansson, Chief Executive Officer of Futuremedia, added " We are
very pleased that Royal Mail has decided to renew this contract. It
further illustrates the capabilities of our company to provide
eLearning solutions in a cost-efficient and scaleable manner. This
contract exemplifies our strategy of providing complete turn-key
eLearning solutions including learning management system, content
brokerage, support and services to drive business performance for large
corporations and public organisations."
About Royal Mail
Royal Mail is one of the U.K.'s leading businesses employing around
200,000 people and generating annual revenues in excess of 8.4 billion
Pounds, delivering some 82 million items on a daily basis to around 27
million addresses through its branded Royal Mail unit, whilst also
providing more than 170 different products and services ranging from
financial products, travel services, government information and retail
products through The Post Office(TM). Parcelforce Worldwide, a third
unit, is focussed on the growing express market for UK time-guaranteed
and next day services and international parcels. It provides access to
the world's largest delivery network, covering more than 99.6 per cent
of the global population and reaching 239 different countries and
Futuremedia plc (est. 1983) is a Solutions Provider in the growing
e-learning 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 U.K. and Continental
The Company has a proven track record in providing knowledge and
training via Solstra, its proprietary Learning Management System which
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
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
future performance of the Company's products. 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.
All product names and trademarks mentioned herein are trademarks of
Futuremedia or their respective owners.
Press information: Kay Phelps, PR Department
M: +44 7710 043244
Investor relations queries:
Mats Johansson, CEO
+44 1243 555000
Provider ID: 00039629
-0- Apr/29/2003 13:28 GMT
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