Mosaic Technologies to purchase Regina facility

Apr 18, 2001, 01:00 ET from Mosaic Technologies Corporation

    FREDERICTON, NB, April 18 /PRNewswire/ - Mosaic Technologies Corporation
 today announced the signing of a letter of intent to purchase Regina,
 Saskatchewan- based ICT Institute.
     The acquisition of ICT will give Mosaic its fourth classroom-based
 training facility. The company currently owns and operates Applied Multimedia
 Training Centres (AMTC), which it purchased in 1997, and Pitman Business
 College which was purchased just this year.
     ICT is a privately held training facility that currently provides
 students with the skills needed to gain Microsoft and network certification.
 But according to Mosaic President and CEO Donald Whitty, the company will be
 looking to expand the curriculum offered at ICT.
     "Over the past several months, Mosaic has been looking at the educational
 marketplaces of several Canadian cities and provinces. We did this in an
 effort to gauge what opportunities existed for Mosaic in those marketplaces,"
 Whitty said. "What we discovered in Saskatchewan was a tremendous demand for
 high quality, industry level multimedia training.
     "In our discussions with members of that province's multimedia industry
 we found there to be wide spread support and enthusiasm for an AMTC-style
 facility in Regina," Whitty continued. "As a result, Mosaic intends to use ICT
 to offer a curriculum of multimedia courses currently offered at our Applied
 Multimedia Training Centres in Calgary and Winnipeg."
     Once the purchase is complete, Mosaic will have established a strong
 foothold in Western Canada's classroom-based training marketplace, with the
 schools in major markets in each of the four western provinces. Whitty was
 quick to point out, however, that the company is looking to expand further.
     "Mosaic's management is firmly committed to expanding both our classroom-
 based training division and presences as a national classroom-based training
 provider," Whitty said. "To that end, we will continue to pursue opportunities
 to expand into other major Canadian cities."
     Details of the purchase have yet to be released, but Whitty said he
 expected a deal to be finalized within the next six weeks.
     Mosaic Technologies Corporation (www.mosaictechnologies.com) is an
 advanced educational technologies company headquarter in Fredericton, N.B.
 From the company's Miramichi, N.B. operation, Mosaic designs and develops
 world-class products and services to its customers and clients by integrating
 traditional teaching methodologies with technology enhanced interactive
 learning activities. The Miramichi office is home to U-Online (www.u-
 online.net), Mosaic's multi-subject training website.
     The company is actively involved in classroom-based training through its
 Applied Multimedia Training Centres (www.applied-multimedia.com) in Calgary,
 Alberta and Winnipeg, Manitoba, and Pitman Business College
 (www.pitmancollege.com) in Vancouver, British Columbia.
 
     On behalf of the Board of Directors
 
     RICHARD BUCKINGHAM
     Chairman
 
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this news release. Mosaic
 Technologies Corporation is listed on the Canadian Venture Exchange under the
 symbol "MAC"
 
 

SOURCE Mosaic Technologies Corporation
    FREDERICTON, NB, April 18 /PRNewswire/ - Mosaic Technologies Corporation
 today announced the signing of a letter of intent to purchase Regina,
 Saskatchewan- based ICT Institute.
     The acquisition of ICT will give Mosaic its fourth classroom-based
 training facility. The company currently owns and operates Applied Multimedia
 Training Centres (AMTC), which it purchased in 1997, and Pitman Business
 College which was purchased just this year.
     ICT is a privately held training facility that currently provides
 students with the skills needed to gain Microsoft and network certification.
 But according to Mosaic President and CEO Donald Whitty, the company will be
 looking to expand the curriculum offered at ICT.
     "Over the past several months, Mosaic has been looking at the educational
 marketplaces of several Canadian cities and provinces. We did this in an
 effort to gauge what opportunities existed for Mosaic in those marketplaces,"
 Whitty said. "What we discovered in Saskatchewan was a tremendous demand for
 high quality, industry level multimedia training.
     "In our discussions with members of that province's multimedia industry
 we found there to be wide spread support and enthusiasm for an AMTC-style
 facility in Regina," Whitty continued. "As a result, Mosaic intends to use ICT
 to offer a curriculum of multimedia courses currently offered at our Applied
 Multimedia Training Centres in Calgary and Winnipeg."
     Once the purchase is complete, Mosaic will have established a strong
 foothold in Western Canada's classroom-based training marketplace, with the
 schools in major markets in each of the four western provinces. Whitty was
 quick to point out, however, that the company is looking to expand further.
     "Mosaic's management is firmly committed to expanding both our classroom-
 based training division and presences as a national classroom-based training
 provider," Whitty said. "To that end, we will continue to pursue opportunities
 to expand into other major Canadian cities."
     Details of the purchase have yet to be released, but Whitty said he
 expected a deal to be finalized within the next six weeks.
     Mosaic Technologies Corporation (www.mosaictechnologies.com) is an
 advanced educational technologies company headquarter in Fredericton, N.B.
 From the company's Miramichi, N.B. operation, Mosaic designs and develops
 world-class products and services to its customers and clients by integrating
 traditional teaching methodologies with technology enhanced interactive
 learning activities. The Miramichi office is home to U-Online (www.u-
 online.net), Mosaic's multi-subject training website.
     The company is actively involved in classroom-based training through its
 Applied Multimedia Training Centres (www.applied-multimedia.com) in Calgary,
 Alberta and Winnipeg, Manitoba, and Pitman Business College
 (www.pitmancollege.com) in Vancouver, British Columbia.
 
     On behalf of the Board of Directors
 
     RICHARD BUCKINGHAM
     Chairman
 
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this news release. Mosaic
 Technologies Corporation is listed on the Canadian Venture Exchange under the
 symbol "MAC"
 
 SOURCE Mosaic Technologies Corporation