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Financial Services is Key Focus for East Coast Sales Team

Dublin, Ireland - August 26th, 2003 - WBT Systems, a global leader in Enterprise e-Learning Solutions, today announced the appointment of David Gibson as their new Regional Director for Financial Services in North America. David will focus on business development and services activities supporting WBT's growing Financial Services customer and partner base in North America. He will also be responsible for establishing a New York office and staffing this with relevant sales and professional services personnel.

Before joining WBT Systems, David has held a number of business development roles including Vice President for Business Development at systems integrators, iXL, and other director level positions at NETG and Andersen Consulting's Performance Innovation Practice. In addition to his business development experience, David also has extensive expertise in online training solution development.

"I am delighted to welcome David to the management team. In the past number of years David has acquired a strong mix of business development skills and a keen insight into the needs of the Financial Services industry which will help us to increase our Financial Services customer base in the US, " said Declan Kelly, CEO, WBT Systems. "At a time when many e-Learning vendors are retrenching, we are very happy to be delivering on our strategic plan of geographic expansion. Our recent focus on the Financial Services market in Europe has been very successful and we believe that US institutions will be even more receptive to our targeted Financial Services solutions."

WBT Systems has recently announced new product and services solutions specifically tailored to the Financial Services industry. CIARA (Compliance Infrastructure Audit Readiness Assessment) provides a high level review of compliance systems and procedures, highlights areas of risks and suggests ways to resolve areas of exposure. TopClass Compliance enables companies in highly regulated industries to develop a robust, defensible, audit-ready compliance training system out of the box. TopClass Compliance has been developed following extensive work with organisations in highly regulated industries, such as Credit Suisse, the Liberty (Insurance) Group, Dow Chemical and Basler Insurance.

About WBT Systems

WBT Systems is one of the leading providers of Enterprise e-Learning Solutions in the world. WBT Systems' TopClass e-Learning Suite™ enables the rapid creation, deployment, and management of knowledge delivery across the enterprise. It is a robust, easily deployed, web-based Learning platform with over two million users worldwide. Our implementation experience spans a variety of industries, including financial services, healthcare, government, and pharmaceuticals, across blue chip companies such as Alexander Forbes, Allergan, Basler Insurance, Belgacom, Credit Suisse, Danish Confederation of Trade Unions, Diageo, Dow Chemical, Eurocontrol, Liberty Group, University of Chicago Hospitals, U.S. Department of Defense and Volvo CE.

Established in 1995, WBT Systems is the leading European owned e-Learning platform vendor in the world. With headquarters in Dublin, Ireland, WBT Systems has offices in North America based in Waltham, MA and New York and European offices in the UK (London) and Germany (Düsseldorf).

For more information see www.wbtsystems.com

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