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Memotec Communications Inc. Partners with Interactive Media Ventures Inc. in the "Educate America Program"

Strategic Insights

— 1 min read

The "Educate America Program" is an innovative approach to bringing the education market to its full economic potential, created in 1992 with a commitment to provide a long-term, sustainable source of funding to schools for technology, training, and other instructional tools. The program aims to provide teachers and students with access to the latest technology, enabling them to learn, think, and grow cognitively and emotionally. Memotec Communications Inc. is a key sponsor and technology partner, providing its products and services as part of a $1 billion project over five years.

Key Takeaways:

  • Memotec Communications Inc. is partnering with Interactive Media Ventures Inc. in the "Educate America Program", a $1 billion project over five years.
  • The program aims to provide a long-term, sustainable source of funding to schools for technology, training, and other instructional tools.
  • Memotec will provide Wide Area Network (WAN) products and services to schools through the Educate America catalog.
  • Educate America points can be earned by cardholders who shop at participating retailers and service locations and purchase qualifying products and services.
  • The points can be redeemed for technology, training, and other resources through the Educate America catalog.
  • Memotec's participation will help schools and their districts create networks that provide immediate solutions and long-term flexibility.
  • The program is planning expansion to the Southern part of California in 1995 and nationwide in 1996, with international scope by 1998.
  • Dr. Marco M. Genoni, president and chief executive officer of Memotec, endorses the "Educate America Program" philosophy, emphasizing the need for increased education and communication among children.

Statistics:

  • $1 billion project over five years (Memotec's contribution is not specified).
  • Created in 1992, with expansion in 1995 to Southern California and nationwide in 1996.
  • Projected to reach international scope by 1998.
  • Over 250 locations in North America where Memotec installs and maintains its products.
  • Direct sales force in over 25 North American cities.
  • Distribution network in over 50 countries.

Sources:

  • Business Wire, December 7, 1994.
  • Memotec Communications Inc. press release, December 7, 1994.

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