Charles Schwab Selects E-Learning Pioneer DigitalThink to Form Alliance

Business Wire, Nov 8, 1999

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 8, 1999--

World's Leading Online Brokerage and One of

the Leading Providers of E-Learning Solutions

Join Forces to Develop a Powerful E-Learning Solution

Charles Schwab & Co., Inc., (NYSE:SCH), one of the nation's largest financial services firm, and DigitalThink, a leading provider of e-learning solutions, today announced an agreement to work together on the development of a comprehensive e-learning solution.

Schwab's electronic brokerage unit has signed a deal with DigitalThink to design, develop, and deliver a major interactive learning initiative for investors that will eventually include dozens of courses deployed through schwab.com.

"We want our investors to make informed investment decisions," said Martha Deevy, senior vice president, Electronic Brokerage, Charles Schwab & Co. Inc. "DigitalThink is a great partner for our online learning initiative because they provide information at Web speed that is both an extremely relevant and a thoroughly engaging experience."

DigitalThink is providing a fully integrated e-learning solution for Schwab that will combine course content aligned with Schwab's investment philosophy to produce a compelling results-oriented e-learning experience for its online investors.

DigitalThink instructional designers are building courses in conjunction w "Investment education has always been a cornerstone of Schwab's customer-oriented business model. DigitalThink's e-learning solutions should help us take interactive learning to a new level -- one that is consistent with what we believe investors in the new millennium will demand," said Mark Phillips, senior vice president of Schwab's Retail organization.

"Our alliance with Charles Schwab represents an enormous opportunity for DigitalThink to deliver our unique e-learning solutions to meet the information and education needs of Schwab's customers and prospects at the speed of the Internet," said Pete Goettner, president and CEO at DigitalThink.

"Schwab is the world's leading e-commerce site and we look forward to playing a crucial role in helping Schwab meet its business goals through e-learning."

Check out schwab.com for the latest news and information; for more information on DigitalThink's e-learning solutions, go to www.digitalthink.com.

About DigitalThink

DigitalThink is a leader in designing, developing and deploying e-learning solutions to Fortune 1000 companies. DigitalThink offers a fully integrated solution that combines tailor-made course content aligned with business objectives, compelling, results-oriented e-learning experience, and fully integrated technologies that are completely outsourced.

DigitalThink solutions can include any combination of existing off-the-shelf courseware and custom content. Customers include Charles Schwab, Cisco Systems, KPMG, and Adobe Systems. Investors include Hambrecht & Quist and the Walden Media & Information Technology Fund. Comprehensive information about DigitalThink and why Smart Companies Get Itsm can be found on the Web at www.digitalthink.com.

About Charles Schwab & Co.

Charles Schwab & Co., Inc. serves 6.3 million active accounts with $595 billion in customer assets. Schwab currently has 2.9 million active online accounts with $263 billion in customer assets.

Schwab provides a full-service investing experience to customers through a multi-dimensional offering of the Internet, 310 branch offices, speech recognition and touch-tone telephone technologies, multilingual and international technologies, and direct access to professionals day or night.

Schwab has won numerous awards for its leadership in technology, including the Global Information Infrastructure Award for the Top Commerce site, the CIO 100 Award, PC World's 1999 World Class Award for the best Web Brokerage Site and has been recognized by Business 2.0 as one of the 100 Hottest Companies on the Net. Schwab has been a pioneer in online investing and has been a leader in customer technologies. Member SIPC/NYSE.