Technology > Learning

Chalk Media Closes $3.6M Placement

VANCOUVER--April 21, 2006--Chalk Media Corp. said it has completed a $3.6 million private placement of securities. The company has issued 18.1 million units at a price of $0.20 per unit. Each unit consists of one share and one share purchase warrant.

Chalk provides interactive learning solutions and tools. By combining in-house expertise in instructional design, content strategy, web development, quality assurance, Flash animation, and video production, Chalk said it produces customized rich media content “that focuses on the user experience.” Chalk uses its software platform, chalkboard LCMS, to measure the effectiveness of learning solutions and track ROI for clients.

Chalk’s US office is in Vienna, Virginia, and its Canadian offices are in Toronto,
Ontario; Vancouver, British Columbia; and Fredericton, New Brunswick. Chalk customers include AstraZeneca, Best Buy, Business Objects, Hewlett-Packard, HSBC, Intrawest, Microsoft, RBC Financial, Samsung, Scotiabank, Sony, TELUS Mobility, Terasen Gas and Verizon.

www.chalk.com

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