Mountain View, CA – June 16, 2008 – SumTotal® Systems, Inc. (NASDAQ: SUMT), the market leader and global provider of talent development solutions, today unveiled new features from the upcoming release of ToolBook® version 9.5 at TBCON 2008, a global ToolBook user conference. As part of the SumTotal unified talent development suite, , users will have access to all the critical components companies need to strategically leverage talent within their organization including support for iPhone, Microsoft PowerPoint integration and XML support.
With ToolBook 9.5's Apple iPhone support, mobile professionals can now access learning when and where they need it, resulting in increased learning and improved business results. ToolBook 9.5 Microsoft PowerPoint import and XML support enables corporations to dramatically lower the cost of creating content resulting in increased ROI for their learning initiatives. Scheduled to ship in the third quarter of 2008, customers can expect:
Safe Harbor Statement/Forward-Looking Statements
Information in this press release contains forward-looking statements, including, but not limited to, the anticipated benefits, results and performance of SumTotal's products and solutions, such as ToolBook 9.5 . These statements represent SumTotal's expectations or beliefs concerning future events. 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) unknown errors, defects or bugs in SumTotal's software solutions, including without limitation ToolBook 9.5 and the inability to fix in a timely fashion such bugs, errors or defects; (ii) the acceptance of SumTotal's software suite and future product offerings; (iii) the compatibility of ToolBook 9.5 with various mobile devices, including, but not limited to, the iPhone; (iv) the ability to successfully manage and increase growth, both within and outside of the United States, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; (v) the actual demand and growth of the market for performance management products and services; (vi) the ability to successfully implement SumTotal's solutions in the future; (vii) the ability to successfully address technological developments and standards; and (viii) other events and other important factors disclosed previously and from time to time in SumTotal's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K for the year ended December 31, 2007, its quarterly report on Form 10-Q for the quarter ended March 31, 2008 and its Form 8-Ks. The forward-looking statements contained in this release are made as the date of this news release, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release.