NETD.L Regulatory News (NETD)

28 Aug 2007 11:51

NetDimensions (Holdings) Limited28 August 2007 NetDimensions' EKP powers Department of Veterans Affairs Web-based training initiatives NetDimensions, a global provider of learning, knowledge and performancemanagement systems, has announced that the United States Department of VeteransAffairs ("VA") will be using NetDimensions' Enterprise Knowledge Platform (EKP)to support its Web-based training initiatives as part of a US$2 millioncontract. Up to 350,000 VA employees, contractors, volunteers and veterans at all VAlocations will use VA Learning Online (VALO) an EKP-based online environment,designed, deployed and hosted by NetDimensions' partner VCampus Corporation, toaccess courseware, provided or developed by the VA and others. Veterans in theVA's Compensated Work Therapy/Transitional Residence Program will also use EKPas part of the Veterans e-Learning Online ("VeLO") pilot program. "We are both very pleased and excited that the VA has chosen our technology tohelp its people stay current and help American service men and women improvetheir skill sets," noted Jay Shaw, co-founder and Chief Executive Office ofNetDimensions. "The EKP-based system that the Department of Veterans Affairswill use is designed to meet the requirements of Section 508 of the AmericanRehabilitation Act that mandates that electronic and information technology usedby American government agencies is accessible to persons with disabilities. "That the US Federal Government is embracing our technological platform in sucha big way reinforces the fact that EKP offers functionalality and technicalcapability that is second to none." Ronald E. Freedman, VCampus Corporation's Senior Vice President of e-LearningSolutions added that "Our model, which meshes the rapid-implementation processesof an outsourced solution with a heavy emphasis on service and flexibility, isan excellent fit for the needs of the federal government and fits with the VA'svision to increase the quality of its workforce and help establish theDepartment as an employer of choice." Enquiries NetDimensions Allana Edwards +852 2122 4500 www.netdimensions.com/investorLandsbanki Securities (UK),Nomad & Fred Walsh +44 (0) 20 7426 9000Broker Simon Brown Cardew Group, Financial PR Tim Robertson +44 (0) 20 7930 0777 Shan Shan Willenbrock Catherine Maitland About NetDimensions NetDimensions is a global solutions provider for learning, knowledge andperformance management systems. The company's key products include theEnterprise Knowledge Platform (EKP), the Enterprise Assessment Platform (EAP)and the Enterprise Content Platform (ECP). NetDimensions delivers and manages corporate training, career development,assessment and certification programs as well as help clients around the worldaddress growing regulatory compliance needs. Recognized as one of the top ratedlearning performance and management systems in overall customer satisfaction,NetDimensions has been chosen by many multinational organizations worldwide. For additional information on NetDimensions, please visit www.netdimensions.com About VCampus(R)VCampus Corporation (OTCBB: VCMP.OB) provides, through its E-Learning Solutionsdivision, comprehensive professional development learning services to governmentagencies and corporations. Services include learning management systems, customcourse development, online assessment tools, hosting, e-commerce and completee-Learning solutions. VCampus is a leading online learning provider for the U.S.government and hosts one of the world's largest learning portals for a major USgovernment agency serving 250,000 employees. VCampus has more than a decade ofe-Learning experience and has delivered more than 3.1 million courses to morethan 1.1 million desktops/users. VCampus distributes a courseware library ofmore than 3,900 Web-based courses. For additional information about VCampus, please visit www.vcampus.com About the Department of Veterans AffairsThe Department of Veterans Affairs (VA) was established on March 15, 1989,succeeding the Veterans Administration. It is responsible for providing federalbenefits to veterans and their families. Headed by the Secretary of VeteransAffairs, VA is the second largest of the 15 Cabinet departments and operatesnationwide programs for health care, financial assistance and burial benefits. Of the 24.3 million veterans currently alive, nearly three-quarters servedduring a war or an official period of conflict. About a quarter of the nation'spopulation, approximately 63 million people, are potentially eligible for VAbenefits and services because they are veterans, family members or survivors ofveterans. The responsibility to care for veterans, spouses, survivors and dependents canlast a long time. Five children of Civil War veterans still draw VA benefits.About 440 children and widows of Spanish-American War veterans still receive VAcompensation or pensions. VA's fiscal year 2005 spending was $71.2 billion - $31.5 billion for healthcare, $37.1 billion for benefits, and $148 million for the national cemeterysystem. President Bush sought $73 billion in the fiscal year 2006 budget for VA,a $1.8 billion increase in budget authority, primarily for health care anddisability compensation. This information is provided by RNS The company news service from the London Stock Exchange