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TopClass Compliance lowers costs, reduces risk and ensures compliance

Dublin, Ireland - March 3rd, 2004 - WBT Systems, a global leader in Enterprise e-Learning solutions, today announced the launch of TopClass Compliance as part of its Version 7 release. Built on the award winning TopClass e-learning architecture, TopClass Compliance is a suite of products and services designed to lower costs, reduce risk and ensure compliance within regulated industries such as Financial Services, Manufacturing and Life Sciences. WBT Systems is unique in the marketplace as it is the only company to have invested specifically in such a focused solution. TopClass is already managing compliance training for major organisations such as Credit Suisse, Dow Chemical and Alexander Forbes.

The changing landscape for regulated industries places an enormous training burden on organisations who must ensure employees are familiar with new and existing legislation in a range of areas. TopClass Compliance provides such organisations with a robust, defensible, audit ready compliance training management system that will:

• Provide a "Digital Dashboard" of the company's compliance status by individual, department, regulatory body or skill area
• Plan training and recruitment resources around compliance skill requirements
• Ensure continuous compliance by reminding individuals, compliance officers and line managers of upcoming and overdue compliance training obligations
• Provide instant responses to queries from the regulator through a single source of all historic data, current skill levels and future training plans
• Integrate compliance skills with performance management & skills planning function

According to Declan Kelly, CEO of WBT Systems "Compliance and risk management are serious business issues for regulated industries. TopClass Compliance offers management unprecedented control, tracking and reporting. With the launch of TopClass Version 7 and TopClass Compliance, WBT Systems has taken a market leadership position with a unique solution for regulated industries".

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, Husqvarna, Liberty Group, University of Chicago Hospitals, U.S. Department of Defense and Volvo CE.

Established in 1995, WBT Systems is headquartered in Dublin, Ireland with offices in North America based in Waltham, MA, in the UK (London) and Germany (Düsseldorf). For more information see www.wbtsystems.com.

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