Teleste Educational, Ltd. and Compaq's GEM Division Sign Major Marketing Cooperative Agreement
- Companies to Offer Product and System Solutions to Educational Sectors
in Latin America and the Caribbean
Miami, Florida – October 30, 2000 -- Teleste Educational, Ltd. (HEX: TELIV), the renowned leader in the global educational market as a developer and supplier of technology enhanced solutions for learning environments, has signed a major marketing partnership agreement with Compaq Computer Corporation's (NYSE: CPQ) GEM (Government, Educational, and Medical) Latin America & Caribbean division to provide products and system solutions to educational sectors thru the region.
The partnership will leverage the strengths of both organizations in establishing market presence with end-users in South America, Central America, Mexico, and the Caribbean countries, including the U.S. territory of Puerto Rico. Compaq, through its GEM LAC division, will launch a web-based tool and bid management system. Teleste will develop, market, and license educational software solutions for this offering.
Teleste's software programs will be offered along with Compaq's products on the GEM website that is currently being developed and will be introduced in January, 2001. This website is designed for GEM projects in which technical product specifications have not been yet determined and those projects in which such technical specification has been defined. Selected Teleste and Compaq sales channel partners, resellers and systems integrators will have access to the website.
"Compaq is the leading PC manufacturer and Teleste is a widely-recognized supplier of educational software solutions in Latin America," said Tuomo Lehtovirta,
president, Teleste Educational, L.L.C., Miami, Florida. "Our partnership boasts unparalleled opportunities for both companies in this region and beyond."
Teleste will offer the following products on the GEM website:
· Library Pilot (media and resource management application)
· Partner Tools (authoring application)
· Divace Lite/Divace Solo (digital video audio center)
· Imperata (classroom activity management software)
"Education projects through Latin America and Caribbean are on the top of our priorities as an IT solution provider" said Gerardo Anglada, Compaq LAC GEM manager, Houston, Texas. "It is essential for us to find partners with solid expertise who can react immediately to satisfy the needs of our customers with the best solutions. TELESTE is committed to our region with the perfect solution set for the educational segment".
In addition to the joint web project, Teleste and Compaq will participate in diversified marketing activities. These include demonstrations by Teleste and Compaq sales channel partners to prospective customers, such as institutions, government bodies, and private corporate training divisions; joint presentations at trade shows and conferences; and the establishment of a demonstration site at Compaq's headquarters in Houston showcasing Teleste and Compaq products.
ABOUT COMPAQ:
Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing systems in the world. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs.
Compaq products and services are sold in more than 200 countries directly to businesses, through a network of authorized Compaq marketing partners, and directly to businesses and consumers through Compaq's e-commerce Web site at http://www.compaq.com. Compaq markets its products and services primarily to customers from the business, home, government, and education sectors. Customer support and information about Compaq and its products and services are available at http://www.compaq.com.
ABOUT TELESTE:
Teleste Educational is a division of Teleste, the international technology Group specializing in broadband telecommunications networks, TV signal distribution and control equipment and multimedia environment for language learning. Teleste has enjoyed a leading position for over thirty years in the global educational market as a developer and supplier of technology enhanced solutions for learning environments. From language laboratories to digital, multimedia resource centers, the Company has designed and deployed over 15,000 learning systems in schools of various levels, colleges, and university centers in 90 countries worldwide. With more than 400,000 students enrolled in these educational establishments, languages, and other cross-curriculum, Teleste's customers have relied on the Company's solutions to train millions of students in foreign languages and other cross-curriculum areas. For more information, visit Teleste's site, www.teleste.com.
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