SYDNEY, NS, Oct. 4 /CNW/ - On August 22, 2007, Nexient Learning Inc.
(TSX:NXN) announced that it had entered into discussion with a third party
regarding a possible sale of certain assets of Nexient. Those discussions have
Nexient and its advisors are continuing to explore the Company's
opportunities within the capital markets and strategic alternatives. Nexient
is in discussions with other parties regarding possible financing and other
types of transactions. Nexient is also in discussion with its lenders
regarding an extension of the debt coming due in early November. There can be
no assurance that any agreement will result from the discussions with third
parties or Nexient's lenders, or that any transaction will be completed.
About Nexient Learning Inc.
Nexient Learning Inc. is the largest corporate training and consulting
company in Canada. Nexient delivers the broadest choice of top calibre,
industry-recognized curricula in information technology, business process
improvement and leadership and business skills. Nexient's learning services
include learning management systems, curriculum development and strategic
consulting. With 23 locations across Canada, Nexient offers innovative
learning solutions in both classroom and online formats. Nexient is traded on
the Toronto Stock Exchange as "NXN". More information is available on the
company's website at www.nexientlearning.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
including economic conditions which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. The transaction remains subject to customary
conditions including working capital adjustments, and there can be no
assurance that the transaction will be completed as scheduled or at all. The
Company specifically disclaims any obligation to update these forward-looking
statements. There can be no assurance that the financing will be completed or
that other forward-looking statements will prove to be accurate and readers
should not place undue reliance on forward-looking statements.
For further information:
For further information: Donna de Winter, Chief Financial Officer,
Nexient Learning Inc., (416) 964-8688 ext. 2636,