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Futuremedia Plc Revises Potential Revenue Upwards
Wednesday December 3, 6:08 am ET
Company Confirms Orders From Royal Mail "Learning for All(TM)" Contract Now Stand at US$ 27.1 Million (GBP 16.0 Million)
BRIGHTON, ENGLAND--(MARKET WIRE)--Dec 3, 2003 -- E-Learning solutions provider Futuremedia Plc (NasdaqNM:FMDAY - News) today announced that it has received US$27.1 million (GBP16.0 million) in orders since the launch in early November of its Learning For All™ programme for Royal Mail employees.
When the Company gave an update on the Royal Mail contract on November 24, 2003, it estimated that the potential revenue from the contract would be in the range of US$12.0 million (GBP 7.5 million) to US$15.0 million (GBP 9.4 million) over three years. The Company is now revising its estimate upwards, to be in the range of US$32 million (GBP20 million) to US$35 million (GBP22 million) for the current promotional campaign ending on the December 23, 2003.
The Company's Learning For All™ contract with Royal Mail is for a term of three years. The Company plans to promote the programme through a total of six campaigns. While the uptake in this initial promotional campaign represents a positive indicator with respect to the overall success of the three-year programme, the Company expects the level of uptake in future promotional campaigns to be lower.
The Company's ability to launch future promotions is subject to the terms of the contract and will depend on, among other factors, the success of the programme. The success of any future promotions will in turn depend on, among other factors, the future level of uptake of the programme by Royal Mail employees. At this time the Company cannot give any assurances or guarantees about the likelihood of there being future promotional campaigns, the future success of the such campaigns, or the future financial impact of the full contract on the Company.
"It is very gratifying to see that the initial uptake of the Learning For All™ programme by Royal Mail employees has again exceeded our expectations. When we originally announced the contract, we were conservative about our expectations because the success of the programme is dependent on acceptance by individual Royal Mail employees and we could not be sure about how they would react," said Mats Johansson, CEO of Futuremedia. "This further increases the likelihood that other large organisations and companies will see the success of Royal Mail's Learning For All™ as a great example of how to give incentives to staff by extending their e-learning capabilities, and we hope, thereby prompting them to implement Learning For All™ programmes as well."
About Futuremedia
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 UK and Continental Europe.
The Company has a proven track record in providing complete learning and knowledge transfer solutions, including its proprietary Learning Management System which in its largest application has a capacity for 240,000 users.
Futuremedia's customers include BP, Britvic, BT, BUPA, Channel Four, Daimler Chrysler, GSK, IDEA, Janssen-Cilag, Hilton International, National Health Service, Royal Mail and Syngenta. Learning content from partners SkillSoft, Intellexis 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 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 the receptiveness of end-users to Internet and intranet learning and communications products, 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.
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wurden gestern in den USA 22 Millionen Aktien gehandelt und waren zwischendurch auf 0,83 $ hoch !!
da könnte was gehen !
Gruß
leo
Futuremedia Plc Revises Potential Revenue Upwards
Wednesday December 3, 6:08 am ET
Company Confirms Orders From Royal Mail "Learning for All(TM)" Contract Now Stand at US$ 27.1 Million (GBP 16.0 Million)
BRIGHTON, ENGLAND--(MARKET WIRE)--Dec 3, 2003 -- E-Learning solutions provider Futuremedia Plc (NasdaqNM:FMDAY - News) today announced that it has received US$27.1 million (GBP16.0 million) in orders since the launch in early November of its Learning For All™ programme for Royal Mail employees.
When the Company gave an update on the Royal Mail contract on November 24, 2003, it estimated that the potential revenue from the contract would be in the range of US$12.0 million (GBP 7.5 million) to US$15.0 million (GBP 9.4 million) over three years. The Company is now revising its estimate upwards, to be in the range of US$32 million (GBP20 million) to US$35 million (GBP22 million) for the current promotional campaign ending on the December 23, 2003.
The Company's Learning For All™ contract with Royal Mail is for a term of three years. The Company plans to promote the programme through a total of six campaigns. While the uptake in this initial promotional campaign represents a positive indicator with respect to the overall success of the three-year programme, the Company expects the level of uptake in future promotional campaigns to be lower.
The Company's ability to launch future promotions is subject to the terms of the contract and will depend on, among other factors, the success of the programme. The success of any future promotions will in turn depend on, among other factors, the future level of uptake of the programme by Royal Mail employees. At this time the Company cannot give any assurances or guarantees about the likelihood of there being future promotional campaigns, the future success of the such campaigns, or the future financial impact of the full contract on the Company.
"It is very gratifying to see that the initial uptake of the Learning For All™ programme by Royal Mail employees has again exceeded our expectations. When we originally announced the contract, we were conservative about our expectations because the success of the programme is dependent on acceptance by individual Royal Mail employees and we could not be sure about how they would react," said Mats Johansson, CEO of Futuremedia. "This further increases the likelihood that other large organisations and companies will see the success of Royal Mail's Learning For All™ as a great example of how to give incentives to staff by extending their e-learning capabilities, and we hope, thereby prompting them to implement Learning For All™ programmes as well."
About Futuremedia
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 UK and Continental Europe.
The Company has a proven track record in providing complete learning and knowledge transfer solutions, including its proprietary Learning Management System which in its largest application has a capacity for 240,000 users.
Futuremedia's customers include BP, Britvic, BT, BUPA, Channel Four, Daimler Chrysler, GSK, IDEA, Janssen-Cilag, Hilton International, National Health Service, Royal Mail and Syngenta. Learning content from partners SkillSoft, Intellexis 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 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 the receptiveness of end-users to Internet and intranet learning and communications products, 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.
wurden gestern in den USA 22 Millionen Aktien gehandelt und waren zwischendurch auf 0,83 $ hoch !!
da könnte was gehen !
Gruß
leo
