HERNDON, VA — (Marketwire) — 08/11/11 — In the news release, “Former New York City Department of Education Senior Officials Join ePals Executive Team,” issued earlier today by ePals (TSX-V: SLN), we are advised by the company that the first figure in the third paragraph should read “1 million” rather than “2 million” as originally issued. Complete corrected text follows.
HERNDON, VA — August 11, 2011 — ePals Corporation (TSX-V: SLN) (“ePals”), an education technology company and leading safe social learning network (“SLN”), today announced the recent appointments of Ted Brodheim and Bruce Lai to the ePals team. Mr. Brodheim, former Chief Information Officer for the New York City Department of Education (“NYC DOE”), joined ePals in June, 2011 as Chief Operating Officer. Mr. Lai is the former Executive Director of School Technology Strategy for the NYC DOE and has been named VP Market Solutions.
“Ted and Bruce have spent several years in the trenches helping the country-s largest school system integrate technology into the classroom,” said Miles Gilburne, CEO of ePals. “Their decision to join ePals reflects well on the depth of our product strategy and the increasing reach of our global learning community.”
During their tenure with NYC DOE, Mr. Brodheim and Mr. Lai successfully introduced multiple instructional technology projects, including the NYC Connected Learning initiative (), and upgraded the core infrastructure across a school system that serves more than 1 million students, teachers and parents in more than 1,700 schools.
“We are pleased to join ePals, whose social learning and collaboration solutions have been at the forefront of the education market for the past 10 years,” said Brodheim. “Bruce and I are excited to use our combined expertise to expand the ePals solution suite to be even more responsive to the needs of teachers, principals, parents and, most importantly, students, while exploring new possibilities to connect learners across the world to each other through technology.”
Prior to joining the NYC DOE, Mr. Brodheim was a Managing Director at JP Morgan and has held senior positions at Donaldson, Lufkin and Jenrette and Goldman Sachs & Co. Previously to joining the NYC DOE, Mr. Lai was Chief of Staff to New York City Council Member Gale Brewer, the former Chair of the New York City Council-s Committee on Technology on Government.
Both executives will focus on strengthening ePals- deployment services, implementation support and professional development offerings to enable ePals- solutions to quickly and reliably meet the needs of all members of the school community.
ePals Corporation (TSX-V: SLN) is an education technology company and leading safe social learning network (SLN). Focused on the K-12 market, ePals offers primary and secondary schools, teachers, students and parents worldwide a safe and secure platform for building educational communities, providing quality digital content and facilitating collaboration for effective 21st century learning. ePals- award-winning products include: the ePals Global Community; SchoolMail®365, LearningSpace® and In2Books®, a curriculum-based e-mentoring program that builds reading, writing and critical thinking skills. ePals customers and partners include International Baccalaureate, Microsoft Corporation, Dell, Inc., IBM Corp., National Geographic and leading school districts across the United States and globally. ePals serves approximately 700,000 educators and reaches millions of teachers, students and parents in approximately 200 countries and territories. For the ePals Global Community, visit . Corporate information is available at .
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation-s current belief or assumptions as to the outcome and timing of such future events. Forward-looking information is necessarily based upon a number of assumptions and factors that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. Such material factors and assumptions include, but are not limited to: the Corporation-s ability to execute on its business plan; the acceptance of the Corporation-s products and services by its customers, including renewals; the timing of execution of outstanding or potential customer contracts by the Corporation; the sales opportunities available to the Corporation; the Corporation-s subjective assessment of the likelihood of success of a sales lead or opportunity; that sales will be completed at or above the Corporation-s estimated margins; availability of government subsidies; the continued success of business development activities; new products and services will continue to be added to the Corporation-s portfolio; demand for webhosting and secure email communication will continue to grow; that the global economy will continue to recover and the demand for our products and services globally will develop and grow; that the regulatory environment continues to develop concerning students, both as to collecting information and narrow casting; and, to the extent needed, that additional financing is available. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained in this press release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
For further information, please contact:
Aric Holsinger
Chief Financial Officer
ePals Corporation
Tel: (703) 885-3400
Jacqueline Van Meter
Senior Marketing Manager
ePals Corporation
Phone: (703) 885-3400
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