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Teles AG

ots Ad hoc-Service: TELES AG <DE0007454902> TELES: Leading-Edge WebLearning Platform for Internet Academy

Berlin (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Teles AG intends to take a
shareholding in Southrock Corp., Melbourne, Australia, a company
specialised in WebLearning technology. This would give Teles
unrestricted access to SouthrockGEM and all Southrock ASP technology,
the world's probably most advanced - and more importantly: fully
matured, because tested by well over 100,000 users -
management/technology basis for large WebLearning projects. This
WebLearning platform would be marketed exclusively by the Teles Group
throughout Europe, i.e. used in its Internet Academy and also made
available to other companies.
A separate press release will follow shortly regarding the Teles
Internet Academy.
SouthrockGEM supports the Microsoft implementation of the open
"Learning Resource Interchange (LRN)" standards for "Online Learning
Content" drawn up by IMS. The IMS Global Learning Consortium is
composed of over 250 systems companies, educational institutions and
government agencies throughout the world. With this shareholding
Teles would attain immediate access to international IMS working
groups and Microsoft development teams on WebLearning.
The shareholding would be composed of two parts. Firstly, both
companies would establish the Southrock Europe AG in Berlin, with
Teles holding 60 percent of the shares. This company would have a
share capital of DM 2 million - contributed by Teles - and all rights
in SouthrockGEM and the related ASP technology - contributed in kind
by Southrock Corp.. Secondly, Teles would buy 9 percent of the shares
in Southrock Corp. for approximately DM 3 million, with an option on
the purchase of a further 16 percent at a favourable price before the
company's IPO.
Prof. Sigram Schindler CEO of Teles AG
End
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