MOUNTAIN VIEW, CA (November 12, 2004) – As a Gold Sponsor of this year’s TechLearn Conference in New York City from November 14 - 17, SumTotal Systems (NASDAQ: SUMT), the industry’s largest provider of learning and business performance technologies, services and processes, will kick off its annual appearance at the show, with a day-long program of sessions on corporate learning and business performance best practices.
The schedule of presentations, which runs from 9:45 a.m. – 5 p.m. on Monday, November 15, will be highlighted by a panel discussion on integrated learning technologies, held from 2:45 – 3:45 p.m. and hosted by Josh Bersin, leading industry analyst and president of Bersin and Associates. The panel features SumTotal customers Johnson & Johnson, Dun & Bradstreet, NCR, Symbol Technologies, Wachovia, as well as product specialists from SumTotal and SumTotal partner SkillSoft. Discussion will focus on the technical and business implications of integrating learning technologies such as CD-based applications and externally and internally hosted content, with learning management systems. This session will be recorded and made available as a webcast after the conference. Please visit www.sumtotalsystems.com/events for details on how to access the recording.
Other sessions, presented by learning and technology experts from SumTotal and its customers, include:
Safe Harbor Statement/ Forward-Looking Statements
"Information in this press release contains forward-looking statements. These statements represent SumTotal Systems’ expectations or beliefs concerning future events and include statements, among others, regarding SumTotal Systems’ estimated development and shipment date for its new product, SumTotal 7.0. These statements are not historical facts or guarantees of future performance or events and are based on current expectations, estimates, beliefs, assumptions, goals and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. Additional factors that could cause actual results to differ include, but are not limited to (i) SumTotal Systems' limited operating history, and Docent's and Click2learn's history of losses; (ii) delay in development or shipment of our new product, SumTotal 7.0, anticipated to be released during the fourth quarter of 2004; (iii) customers or partners delaying purchasing or upgrade decisions until our new product, SumTotal 7.0, is released; (iv) acceptance of SumTotal Systems' current and future product offerings; (v) long sales cycles for closing software contracts and seasonality in purchasing decisions; (vi) an emerging and rapidly evolving market; (vii) adverse changes in general economic or market conditions; (viii) continued market uncertainty with respect to the merger and the challenges of integrating Docent and Click2learn into one company, and the ability to achieve anticipated synergies associated with the recent merger; (ix) dependence on the growth of SumTotal Systems' market and fluctuation in customer spending; (x) delays or reductions in information technology spending; (xi) the ability to attract and retain highly qualified employees, and the risk of losing employees, especially sales personnel, if the SumTotal 7.0 release date slips; (xii) intense competition in the marketplace causing, among other things, pricing pressure; (xiii) failure to continually implement requisite internal controls and procedures; (xiv) increase of litigation and their related costs; (xv) other market conditions that include risks and uncertainties such as risks associated with financial, economic, political, terrorist activity and other uncertainties; and (xvi) other events and other important factors disclosed previously and from time to time in SumTotal Systems' filings with the Securities and Exchange Commission, including the quarterly report filed on Form 10Q on August 12, 2004. SumTotal Systems assumes no obligation to update the information in this press release."