NationsBank Chooses Arel Communications for Distance Learning Network

NationsBank, one of the nation's largest financial services companies, has chosen Arel Communications & Software, Ltd. to provide state-of-the-art interactive communications systems for its distance learning network. The network will initially link 50 key NationsBank training centers throughout the U.S., with Arel's IDEAL system offering the flexibility for expansion on demand. Up to 20,000 NationsBank employees in 16 states and the District of Columbia will be trained via satellite by instructors and executives from an up-link studio centrally located at company headquarters in Charlotte.

Key Takeaways:

• NationsBank has chosen Arel Communications & Software, Ltd. to provide interactive communications systems for its distance learning network, which will initially link 50 key training centers across the U.S.
• The IDEAL system, developed by Arel, enables corporate executives and trainers to interact simultaneously with remote employees and students at multiple locations worldwide.
• The system will be used to deliver training courses on skills such as computing essentials and process training on NationsBank's Money Manager(TM) program.
• Up to 20,000 NationsBank employees will be trained via satellite, using the IDEAL system's real-time interactive capabilities.
• Arel's IDEAL system utilizes non-proprietary equipment, including standard off-the-shelf PCs, telephone sets, and television sets, to provide real-time interaction over a satellite-based or terrestrial-based broadcast network.
• NationsBank expects the system to enhance its national training efforts and provide a common network for reaching all associates across the country.

Statistics:

• NationsBank has over 3,000 banking centers.
• The company has over $308 billion in total assets.
• NationsBank provides financial products and services to more than 18 million households and 1 million businesses.
• Arel Communications & Software, Ltd. designs, develops, integrates, and markets software for real-time interactive distance learning.

Sources:

• "NationsBank (NYSE: NB) Selects Arel Communications & Software, Ltd. to Provide State-of-the-Art Interactive Communications Systems for Distance Learning Network." Business Wire, July 27, 1998.
• "Arel Communications & Software, Ltd. (NASDAQ: ARLCF)." Arel Communications & Software, Ltd. Press Release, 1998.
• "NationsBank Corporation Annual Report 1998." NationsBank Corporation.
• "Arel Communications & Software Ltd., Yavne Izhak Gross, Chairman." Arel Communications & Software Ltd.
• "Arel Communications & Software, Inc., Moshe Ben Yishai, President & C.E.O." Arel Communications & Software, Inc.