ITC Learning Corporation. The Company develops, manufactures and markets multimedia training software for corporate, educational and governmental organizations. The company develops specific libraries of interactive multimedia computer based training courses designed for CD-ROM, intranet and internet delivery. The company's multimedia courseware provides full-motion video, audio, animation, graphics and text as a learning tool on a PC platform. The company's libraries include more than 200 training programs. The company has foreign subsidiaries in Canada, the United Kingdom and Australia. International sales accounted for 29% of 1999 revenues. The company uses direct mail and internet services for marketing their products. Multimedia courseware accounted for 94% of 1999 revenues and hardware systems, 6%.