Futuremedia Announces Agreement with EADS Astrium Ltd To

Provide Home Computers, Bicycles, and Childcare Vouchers Benefits 
BRIGHTON, England, Aug. 10 /PRNewswire-FirstCall/ -- Futuremedia plc
(Nasdaq: FMDAY), a leading European e-learning and managed benefits services
provider, today announced an agreement with EADS Astrium Ltd to provide an
employee benefits package of home computers, bicycles and childcare vouchers
to all eligible employees under the UK Government's tax-friendly benefits
initiative scheme. 
EADS Astrium is a global leader in aerospace, defense and related
services. While there are no guarantees regarding actual take-up rates, based
on a 10 percent take-up rate this agreement would represent approximately GBP
285,000 in revenues to Futuremedia over the first phase of the contract.  A
second phase will launch in 2006. 
"I am delighted to announce the signing of the contract with EADS Astrium,
a leading employer in the United Kingdom aerospace industry," said Leonard M.
Fertig, Chief Executive Officer of Futuremedia plc.  "Futuremedia custom
designed the employee benefits package 'Space for Choice' specifically to meet
the needs of the workforce.  We look forward to working with EADS Astrium to
develop enhanced benefits schemes and other products for the future." 
Allie Neal, Space for Choice Project Manager, added, "Our people combine
enthusiasm for space technology with an ambition to make the business succeed,
an invaluable ethic in today's highly competitive world.  A tailored benefits
package makes a significant contribution to employee satisfaction, and we are
pleased with the initial take-up of the Space for Choice scheme." 
About EADS 
EADS is a global leader in aerospace, defense and related services. EADS
Astrium is a world leader in space applications, specializing in the design
and manufacture of satellites, with business activities covering civil and
military telecommunications and Earth observation, science and navigation
programs, together with the whole range of space equipment and associated
ground infrastructure. 


    In all these fields, EADS Astrium has an impressive track record:
    -- A world leader in Earth observation satellites
    -- Prime contractor for over 60 communications satellites
    -- A key player in the European satellite navigation system Galileo
    -- A major provider of military space systems
    -- The European leader in scientific programs
    -- A world-class supplier of space vehicle equipment and subsystems for
       the global space industry
    About Futuremedia:


Futuremedia plc is a leading provider of next-generation,
value-driven e-learning content and services to public and private sector
organizations. Backed by two decades of experience, the Company's content and
services offerings include learning consultancy, Learning Management Systems,
custom made learning programs and an extensive library of published courseware
titles. The Company is also recognized as a pioneer and leader in the
development and delivery of a range of fully managed, outsourced employee
benefit programs for large organizations, including products and services
falling under the UK's Home Computing Initiative (HCI), childcare voucher
system and tax-free bicycle programs. 
"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 Futuremedia's expectations as of the date
hereof. Such statements include expectations regarding employee uptake under
new contracts, the Company's future financial performance and 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 risks
associated with new contracts such as the EADS Astrium Ltd contract (including
the possibility that such contracts may be terminated or not completed due to
factors beyond the Company's control), risks associated with the Company's
ability to develop and successfully market new services and products
(including products and services based on government tax-benefit programs),
the Company's ability to operate profitably in the future, risks associated
with rapid growth, the Company's ability to successfully develop its business
in new geographic markets, the early stage of the e-learning market, 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. 

SOURCE  Futuremedia plc 
CONTACT:
Corey Kinger or Mike Smargiassi, both of Brainerd Communicators, +1-212-986-6667
-0- Aug/10/2005 14:00 GMT
 
 
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