Vol. 15 : No. 9
Mentergy Announces Million Dollar Contract for TrainNet Live e-Learning in India
Petach Tikva, Israel, Aug 20, 2001 - Mentergy Ltd., (NASDAQ: MNTE) formerly Gilat Communications, a global leader in blended e-Learning techniques and technologies, today announced that Hindustan Technologies Ltd. (HTL) has purchased Mentergy's TrainNet live e-Learning system in a deal worth over $1,000,000.
HTL (a subsidiary of Skysat Holdings of Singapore), is offering the TrainNet interactive virtual classroom environment to organizations throughout India for video-based training via satellite delivery. Their first customer, Manipal Academy of Higher Education, plans to deliver IT training through many of their 450 franchise locations in India. Mentergy expects to supply courseware for Manipal's IT training classes as well as other HTL customers.
"We aim to use the world class technology of Mentergy to establish ourselves as the premiere e-Learning service providers in Asia within the next 3 years," said Manoheron Moses, CEO of Skysat Holdings. "Manipal Acadamy, with numerous centers of learning in India and Nepal, is a great start for our plans."
"India is a huge opportunity for Mentergy and validates our plan to become the global leader for blended e-Learning solutions," said Gidi Nimoy, VP Marketing and Sales for Mentergy, Ltd. "India joins countries as diverse as Brazil, China, Australia, and Turkey, who have all embraced Mentergy products and services to meet their global e-Learning needs."
About Mentergy, Ltd.
Mentergy, Ltd. (NASDAQ:MNTE), formerly Gilat Communications, Ltd. (NASDAQ: GICOF), is a full service worldwide e-Learning company, providing e-Learning products, consulting, and courseware development services for large enterprises. With over 21 years of expertise in the learning industry, Mentergy assists businesses worldwide to make a cost-effective shift from traditional learning to a blended e-Learning approach. Mentergy, Ltd.'s North American operations comprise the Allen Communication Learning Services division and the LearnLinc Live e-Learning division (Mentergy, Inc.), in addition to John Bryce Training in Israel and Europe (Aris Education), and a global sales and marketing operation which includes Mentergy Europe.
Allen Communication Learning Services has provided courseware development services and authoring and design tools to more than 60 percent of the Fortune 500.
LearnLinc Live e-Learning features live, collaborative Web-based training via the LearnLinc* virtual classroom and TrainNet(tm), a live broadband training platform delivered via computers, telephone, Internet connections and broadband communications.
John Bryce Trainingis Mentergy's IT training and content company, serving the Middle East and Europe with over 200 IT programs and courses.
Mentergy's customers range from mid-size companies to Global 2000, including Aetna, WorldCom, Nestle, Citibank, Countrywide, Rockwell-Collins, British Telecom and other industry leaders. www.mentergy.com
For More Information:
Norm Ainslie, Mentergy Marketing Manager
518 286-7000 x420