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Press Releases
For
Immediate Release
October 24, 2001
Gemini acquired by Private Investment Firm
New owners will work closely with Gemini to provide
strategic partnerships and move corporate objectives forward
Calgary, Alberta, Canada - Gemini Learning Systems Inc.
(Gemini), announced today that they have been acquired by a private investment
firm from Salient Cybertech, Inc. (Salient).
Continuing on as Gemini's President and CEO, Kim Adolphe
originally sold Gemini to Salient in September of 1999. Salient provided
much needed capital to Gemini at that time to launch their marketing initiatives
and further develop their eLearning technology and ASP Hosting services.
"Salient was very good for Gemini and now it is time
to move to the next stage," stated Kim Adolphe. "We are looking
forward to working with our new owners. They have already demonstrated
their commitment to assist in the growth of the company. Gemini is in
a position to increase revenues rapidly over the next year and that is
exactly what we intend to do."
About Gemini Learning Systems
Established in 1990, Gemini Learning Systems Inc. is the creator of Gemini
SWIFT 5, the only out-of-the-box, affordably priced Learning and Content
Management System that can be up and running in minutes. Gemini SWIFT
5 is comprised of SWIFT Author, an eLearning and on-line test authoring
and content management tool, GeMS (Gemini eLearning Management System),
and the SWIFT Environment. Based upon an award winning design and years
of international research, the SWIFT Environment is an Adaptive Learning
Environment, Adaptive Testing Engine, and Intelligent Tutoring System.
Gemini also offers content development consulting services, ASP Hosting,
and a SWIFT Community Library.
Forward Looking Statements
This news release contains certain ''forward-looking'' statements within
the meaning of the Private Securities Litigation Reform Act of 1995, which
provides a new ''safe harbor'' for these types of statements. To the extent
statements in this news release involve, without limitation, product development
and introduction plans, the Company's expectations for growth, estimates
of future revenues, expenses, profits, cash flow, balance sheet items,
sell-through or backlog, forecasts of demand or market trends for the
Company's product categories and for the industries in which the Company
operates, or any other guidance on future periods, these statements are
forward-looking statements. The Company assumes no obligation to update
forward-looking statements.
All trademarks, trade names, service marks and logos referenced
herein belong to their respective companies.
Press Contact:
Gemini Performance Solutions Inc.
Kim Adolphe
(403) 263-8649
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