Archive for the ‘New Economy’ Category

PanAmSat Reports First Quarter 2004 Results

WILTON, Conn., May 3 /PRNewswire-FirstCall/ — PanAmSat Corporation (Nasdaq: SPOT) today reported financial results for the first quarter ended March 31, 2004 during which total revenues increased to $205.4 million compared to $199.8 million in 2003.Read the Full Story

Plateau Systems Once Again Named One Of Virginia’s Fastest-Growing Companies In 2004 ‘Fantastic 50’

ARLINGTON, VIRGINIA – May 3, 2004 – Plateau Systems, the leading provider of enterprise software that manages learning and knowledge readiness, today announced that it has been named one of Virginia’s “Fantastic 50” for the second year in a row. The Virginia Chamber of Commerce gives the award to the state’s 50 fastest-growing private companies. […]

Centra Reports 2004 First Quarter Results

First Quarter 2004 Results Revenues for the first quarter were $8.6 million, compared with $9.7 million in the first quarter of 2003. Software license revenue for the first quarter was $2.5 million, representing 29 percent of total revenues. This compares with software license revenue of $4.4 million in the first quarter of 2003, representing 45 […]

Exports surge for education nation

ANZ chief economist Saul Eslake said education exports were now worth more to Australia’s balance of payments than traditional earners such as wool. Read the Full Story

Corinthian to Streamline LTU Division Through Closure of Two Continuing Education Centers: Continuing Education for Nurses and Special Interest Online Learning to Be Retained

David G. Moore, chairman and chief executive officer of Corinthian, said: “We acquired LTU in January 2003 primarily for its continuing education programs for nursing and other allied healthcare professionals, as well as its online delivery of professional development and personal enrichment and special interest programs. By directing our resources toward those two key business […]

Raffles LaSalle to acquire Hartford

RAFFLES LaSalle Ltd (RLS) has struck a deal to acquire 36 million shares or a 60 per cent stake in fellow education provider Hartford Holdings for $8.64 million. And arising from this acquistion, which works out to 24 cents a share, Raffles will make a mandatory unconditional cash offer for the remaining shares at the […]

Reduced investment risk from e-learning

TIS, which grew in revenue terms by some 60 per cent in 2003, acquiring 54 new clients – including Orange T-Mobile and British Airways – in the process, recently expanded its UK operations to include an e-learning development team to augment its operations based in Mumbai, India. Read the Full Story

GeoLearning Announces 106% Revenue Growth for Q1 2004

GeoLearning, Inc., the leading provider of ASP-hosted human capital management and development (HCMD) solutions, announced today that first-quarter revenues for the three months ending March 31, 2004 have increased 106% over the same period ended March 31, 2003. The company also achieved a net profit margin approaching 10% on first quarter revenues.“The continued success of […]

VCampus’ Security Blanket

Investors clearly believe there will be significant demand for the new offerings, which will come in a seven-course package and cost approximately $1,000. Read the Full Story

Sylvan Learning Systems, Inc. Buys KIT eLearning B.V.

The other selling shareholders of KIT are Elron’s controlling shareholder, Discount Investment Corporation and Kidum IT Ltd., a privately held Israeli company. Elron will receive an amount of approximately $5.7 million from the immediate proceeds of the sale and will record a gain of approximately $5.3 million in the first quarter of 2004. About KIT […]