Company wants to educate Ukranians and bring them here to work as RNs
What happened to educating Americans first????
Exus Submits Proposal to N.Y. Hospital to Supply Nurses
1/15/2003 NEW YORK, Jan 15, 2003 (BUSINESS WIRE) -- Exus Networks, Inc. (OTCBB: EXUS) and (NIPHIX: EXUSG), a global provider of Distant Education and global end-to-end network services, today announced that it has submitted a proposal to Coler-Goldwater Hospital to recruit and educate 60 foreign nurses so that they would be properly prepared to work on the hospital staff. The contract, if accepted, would be valued at $600,000. Through EEN World University, a subsidiary of Exus, Exus Ukraine, a 100% owned subsidiary, and an affiliation with Children's Poliklinik (Medical Office) in Kiev, Ukraine, Exus would enroll Ukrainian nurses in ESL (English as a Second Language) courses and a thorough nursing curriculum that would prepare the nurses to take and pass the Nursing exam and to be employed in the United States. The United States is currently experiencing a nursing shortage, and current figures suggest that 400,000 nurses are needed over the next 3 years. The international market provides a viable source to fill this need and the EEN World University can provide the skills and training to bring foreign nurses up to U.S. standards. Ike Sutton, Chairman and CEO of Exus, stated, "The shortage of nurses in the U.S. provides an opportunity for Exus to further develop its Distant Education program and utilize our offices and relationships in emerging markets to fill this need. Hospitals are willing to pay recruiting fees of up to $12,000 per nurse and Exus is positioning itself in the market to provide up to 500 trained nurses throughout 2003. This type of nursing program is an excellent way to exemplify the benefits of the various educational knowledge that can be achieved through the EEN World University." About Exus Networks, Inc. Exus Networks, Inc. is a global provider of a broad array of value-added services, concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided to a diverse client base in emerging markets that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through its subsidiary, EEN World University, Exus offers the first prepaid Smart EducationCards(TM) to students worldwide. To learn more about the Company, please visit its Website at www.exus.net
. The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.
CONTACT: Exus Networks, Inc., New York Ike Sutton 212/514-6600 ext. 16 firstname.lastname@example.org
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