BRIGHTON, England, Nov. 23 /PRNewswire-FirstCall/ -- Futuremedia plc
(Nasdaq: FMDAY), a leading European learning and managed benefits services
provider, today announced it has reached an agreement with Mace, a management
and construction company, to provide home computers to its eligible employees
under the Home Computing Initiative (HCI). Mace employees will be able to
choose from a range of hardware and tax-free extras using the proprietary
Futuremedia Chooser online ordering system and e-shop. More than 1,000 Mace
employees are eligible for the scheme.
Commenting on the agreement, Leonard M Fertig, Chief Executive Officer of
Futuremedia PLC, said, "Mace is a highly innovative and caring company that
has set up two previous HCI schemes for their employees. I am delighted that
Mace has chosen Futuremedia to implement its latest HCI offer. This contract
highlights the great appeal of our risk-free service and robust offering,
which continues to drive new business for Futuremedia."
Gayle Manning, Learning and Development Administrator of Mace, added, "The
Home Computing Initiative is a valuable addition to our employee benefits
package and much appreciated by our staff. This is the third year of the
scheme for our company but the first with Futuremedia. We chose Futuremedia
because of its full service package and ongoing support, which is very helpful
in making the scheme run smoothly."
About Mace:
Mace is one of the largest and most diverse professional management and
construction companies in the world, with a reputation for finding the best
solution to complex problems.
Mace is characterized by the strength of its relationships with clients
and its reputation as a problem solver and integrator of knowledge and
expertise.
Mace has a worldwide staff of around 1,700; the capital value of schemes
stands at over #5 billion. Mace operates in UK, Spain, Portugal, Italy,
Germany, Poland, North America, West Africa, the Middle East and the Far East.
Its headquarters are in London, UK.
About Futuremedia:
Futuremedia is a leading provider of next-generation, value-driven e-
learning content and services to public and private sector organizations.
Backed by two decades of experience, the Company's content and services
offerings include learning consultancy, Learning Management Systems, custom
made learning programs and an extensive library of published courseware
titles. The Company is also recognized as a pioneer and leader in the
development and delivery of a range of fully managed, outsourced employee
benefit programs for large organizations, including products and services
falling under the UK's Home Computing Initiative (HCI), childcare voucher
system and tax-free bicycle programs.
"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 Futuremedia's expectations as of the date
hereof. Such statements include expectations regarding employee uptake under
new contracts, the 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 risks
associated with changes in management, risks associated with new contracts
(including the possibility that such contracts may be terminated or not
completed due to factors beyond the Company's control), risks associated with
the Company's ability to develop and successfully market new services and
products (including products and services based on government tax-benefit
programs), the Company's ability to operate profitably in the future, risks
associated with rapid growth, the Company's ability to successfully develop
its business in new geographic markets, the early stage of the e-learning
market, 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.
SOURCE Futuremedia plc
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Related links:
http://www.futuremedia.co.uk
CONTACT:
US - Mike Smargiassi or Corey Kinger, both of
Brainerd Communicators, Inc., +1-212-986-6667,
ir@futuremedia.co.uk; or UK - Gerry Buckland, +44-7919-564126,
info_db@mac.com
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