Lightspan Signs $1.2 Million Contract With 11 Virginia School Divisions
The schools will use Lightspan eduTest Assessment to deliver benchmark and formative assessments to students, providing teachers and administrators with accurate, real-time information on student, classroom and school progress toward the district’s academic performance goals.
Gwen Edwards, Chairman of Region 8 said: “We selected Lightspan based on the company’s extensive track record at successful districtwide and regional implementations. We expect Lightspan eduTest Assessment to play a critical role in our ongoing commitment to meeting state and federal accountability and reporting requirements.”
Lightspan Chairman and CEO John Kernan stated: “School districts across the country are depending on Lightspan to help them track student progress and report on Adequate Yearly Progress, as required under the federal No Child Left Behind Act. We are proud to be selected by the schools in this important region and look forward to building upon the successful relationship we’ve established over the past three years.”
Under the agreement, Region 8 also extended its current contract for The Lightspan Network another three years. Implementation is scheduled to begin in the fall.
Lightspan(R), Inc. (Nasdaq: LSPND), provides curriculum-based educational software and online products and services that increase student achievement and enhance teacher professional development. These products are used in schools and homes and align to all key federal education reform initiatives, offering school districts a complete solution to assess, align, instruct and evaluate, as a comprehensive achievement and accountability system. More than 1,000 independent studies prove that Lightspan products enhance student achievement, improve teacher effectiveness and help build stronger connections with families. Lightspan offers products in the following areas: early reading (the Lightspan Early Reading Program(TM) and the Lightspan Reading Center(TM)), K-8 interactive curriculum (Lightspan Achieve Now(TM)), K-12 online teacher resources and professional development (The Lightspan Network(R)), assessment (Lightspan eduTest Assessment(TM) and Lightspan Assessment Builder(TM)), and secondary and higher education (Interactive Mathematics, Interactive English, and academic.com). For more information, visit our Web site at http://www.lightspan.com .
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements, including but not limited to statements related to the implementation of the contract with the Region 8 schools and the performance of the Company’s products. Such statements are subject to a multitude of risks and uncertainties, and actual circumstances, events or results may differ materially from those predicted in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that the implementation of the contract with the Region 8 schools may not proceed as expected, changes in economic conditions in the Company’s market areas; changes in policies by regulatory agencies and educational organizations; changes in funding for public schools; technological advances and risks related thereto and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission including its Annual Report on Form 10-K for the fiscal year ended January 31, 2003 filed with the Commission on April 29, 2003. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Robert S. Scheid,
+1-866-251-6694 toll free,
or Michael A. Sicuro, +1-858-824-8370, both of Lightspan, Inc.
Web site: http://www.lightspan.com /