|
|
close window |
|
Bridges to Market College Prep Courses
July 31, 2003 KELOWNA, BC -- Bridges.com, Inc. (TSX: BIT), ), the leading provider of products and services for achieving education and career success, is pleased to announce that it has signed a Letter of Intent with Test University Inc. ("TestU") that will see Bridges become the exclusive distributor of TestU's Pre-Collegiate Suite of products. The TestU Pre-Collegiate Suite includes separate, online test prep courses for SAT*, ACT, and PSAT*. "The TestU Pre-Collegiate Suite is a natural extension of our product and market presence," said John Simmons, Chief Executive Officer of Bridges.com Inc. "Bridges has always been focused on helping educators prepare students for successful career and education transitions. Now we are able to offer even more with products that prepare high school students for standardized test excellence." The Pre-Collegiate Suite was developed by TestU - the leading provider of online standardized test prep materials - during a three-year period in which they invested over $20 million to develop proprietary technology, strategies, and content. Each of the Pre-Collegiate courses comprises over 50 hours of customized, interactive test preparation and includes practorials covering test taking strategies, micro-courses covering all required basic skills, practice tests and full length tests with real time scoring. Each of the courses has more than 3,800 questions with explanatory feedback for every question. To date, over 150,000 students have taken these courses to make significant gains on standardized tests. "Our Pre-Collegiate Suite uses cutting-edge technology to determine individual student learning needs and to develop a highly personalized course to substantially increase college entrance test scores," said Edmundo Gonzalez, Chief Operating Officer of TestU. "These products, together with Bridges' expertise in training and supporting online education products, make us confident of success. With Bridges' reach into high schools, our test prep products have the potential to help millions of college bound students." The agreement between the companies is effective immediately. About TestU About Bridges Forward-Looking Statements The foregoing includes forward-looking statements which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement to the Corporation's services and products; customer demand for its products and services; expectations concerning future revenue and earnings; general economic and business conditions; control of costs and expenses; loss of key employees; stock market volatility; changes in laws and regulations; Bridges' ability to compete successfully and adapt to technological advances and changing industry standards; currency exchange rate fluctuations; economic, political, and other risks associated with national and international sales and operations; Canadian and U.S. government regulations; price and product competition; the ability to implement in a timely manner the Corporation's restructuring plans; the ability to form and implement alliances; and other factors and risks. All forward-looking statements in this news release are based on management's reasonable beliefs, intentions, and expectations with respect to future events and are subject to certain risks, uncertainties, and assumptions as of the date hereof. Readers are cautioned not to put undue reliance on such forward-looking statements which are not a guarantee of future performance and are subject to a number of risks, uncertainties and other factors -- many of which are outside of Bridges' control -- that could cause actual results, performances or achievements of Bridges to differ materially from any future results, performances or achievements expressed or implied by such forward-looking statements. The Corporation cannot give assurance that the forward-looking statements contained herein will be realized. Bridges assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact:
* SAT is a registered trademark of The College Entrance Examination Board. |
|
|
close window |