VCampus Announces 5 New Clients and 4 Contract Renewals

October 11, 2001

VCampus (Nasdaq:VCMP – news) announces the addition of 5 clients to its diverse customer base, as well as the renewal of 4 existing customer contracts. The addition of these customers, as well as the continued retention of the existing client base, provides strong support for VCampus’ fully outsourced, content-neutral e-Learning solution.

The new clients announced by VCampus include organizations from a mix of industries, illustrating the broad appeal of VCampus’ services. For example:

  • VCampus signed a new agreement with a large division of a $9.3 billion truck manufacturer. VCampus will serve the online learning needs of the 700 employees in the division, with an initial contract length of one year.

  • VCampus has signed a contract to serve as the online learning solution for a leading provider of HVACR (heating, ventilation, air conditioning, and refrigeration) education. This client currently is the market leader in classroom-based HVACR-related instruction. The agreement with VCampus enables this client to develop and deliver online courses to serve their existing customers. In addition, these organizations can together offer these important courses to the more than 500,000 students using the VCampus platform today.

  • VCampus has added a $400 million maker of phone systems, telephony equipment and related software to its growing client base. Building on the VCampus’ long experience serving the telecommunications industry, VCampus will serve the company’s needs for online learning enabling its employees to increase their skill base quickly and cost-efficiently, as well as deliver online learning to all of its 250,000+ customers.

  • Building on its momentum in the federal government market space, VCampus has added a new federal government agency to its growing list of federal agencies procuring their online learning needs from VCampus.

The four renewals announced by VCampus also represent a broad mix of customers: two corporate customers, one institution of higher education and one government institution.

“Additions and renewals of clients from industries as diverse as these strengthens VCampus’ position as the leading full-service e-Learning solution provider,” said Daniel Neal, President and CEO of VCampus. “VCampus is very pleased to continue our business relationships with these organizations, and we will continue to help them provide world-class e-Learning solutions to their employees, customers and distributors that are successful and cost-effective.”

Says Randy Saari, Senior Vice President of Worldwide Sales at VCampus, “These wins illustrate the value provided by VCampus. We offer a complete package – a Learning Management System, a Courseware Delivery Engine and an Online Courseware Construction tool. In addition, we offer our clients experience, superior customer service and the competitive advantage of offering more than 4000 web-based courses to our customers.”

About VCampus

VCampus┬« Corporation (Nasdaq: VCMP – news) is the leading provider of end-to-end eLearning solutions. The company develops, manages and hosts turnkey, web-based learning solutions for corporations, government agencies and higher education institutions. VCampus enables these organizations to offer complete global distance learning solutions to their customers, employees, distributors, suppliers and students. VCampus’ e-Learning solutions are designed to help clients deliver higher education programs to adult students; improve the performance of their distribution channels and suppliers; measure and develop their employees’ knowledge, skills and abilities; and increase their customers’ satisfaction and loyalty. VCampus distributes a courseware library of more than 4,150 web-based courses and has delivered more than 2 million courses to over 503,000 adult learners. VCampus Corporation is headquartered in Reston, VA. For more information, call 800-915-9298, or visit the VCampus website at “VCampus” is a registered trademark of VCampus Corporation.

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