FirstNet Learning, Inc. Receives Venture Funding

FirstNet Learning, Inc. reported it has recently completed a strategic development agreement with Online Launch providing for up to $3.0 million in venture capital investment. The agreement is the first step in the FirstNet Learning-Online Launch funding plan. The funds will be used to accelerate revenue growth, the pace of new product development, and new content and distribution partnerships.

"FirstNet Learning will use the investment to further position our Knowledge@Work brand as the premier source of online compliance and productivity based training. We are currently addressing topics in areas of occupational, health and safety, risk management, ISO 9000, human resource, and job specific skills." said Mark P. Allen, President and CEO of FirstNet Learning. "This second round of funding comes at a great time to capitalize on our success to date and our entry into new markets and industry partnerships." "FirstNet Learning's just-in-time, anytime, anyplace, anypace, web-based training environment is producing unprecedented new value and convenience and will improve the bottom line of all end user customer organizations."

"Online Launch works with partner companies like FirstNet Learning to accelerate growth and market position through a combination of equity funding and strategic development services", said Jerry Jensen, CEO of Online Launch "FirstNet Learning fits our portfolio perfectly with their business-to-business model for helping companies improve performance and lower training costs by applying digital technologies and the Internet."

"We will build on our core executive team of Bruce Surgenor, Vice President of Technology and George Chedsey, Vice President of Sales and Marketing and existing staffing with additional business development, content design, and production staff, and web alliance managers", Mr. Allen continued. "Our recent alliances and sales have confirmed our market choices and the new round of funding will be used to solidify these markets, open new ones and enter into additional industry partnerships."

FirstNet Learning, Inc. is a business-to-business provider of compliance and productivity-based training delivered via the Internet and corporate intranets. The company provides a complete outsourced training solution through the FirstNet Learning System or through third-party systems. More information is available at http://www.firstnetlearning.com.

Contact: Mark P. Allen, President, FirstNet Learning, Inc. Tel: 303.948.4611; e-mail: mallen@firstnetlearning.com.