Velpic : Awarded Industry Accolade and Adds New Features

16 May 2017

Velpic Awarded Industry Accolade and Adds New Features

• Velpic has launched version 3.5 of its innovative learning management system (LMS) and has won a prestigious LearnX award for its LMS Deployment at SBIA

• The new features were driven by demand from existing and new customers and are designed to further enhance the capability of the platform and the user experience

• The new features include:

  • Enhanced Library to increase ease of use for clients with large lesson catalogues

  • White labelling features including colour customisation tools to match customer company branding

  • Gamification features to enhance trainee usage and retention

• Award provides further validation of the platform's superior functionality, ease of use and ability to increase learning outcomes within organisations

Velpic Limited (ASX: VPC) ("Velpic" or "the Company") is pleased to announce that version

1. of its innovative learning management system (LMS) is now live. The version includes many new features designed to benefit companies and trainees by enhancing the user experience further and driving increased engagement with the platform.

   The new features make it easy for companies to customise the application making Velpic a more interactive and effective learning experience. Much of the new functionality has been added in response to feedback and requests from existing, new and potential Velpic customers. The new features include:

   • Enhanced Library - Administrators can add their own tags to lessons to make it simpler for trainees to navigate the library and find the lessons best for them. This is particularly useful for an increasing number of larger clients with an extensive catalogue of lessons.
   • White Labelling - Organisations now can customise the colours within Velpic to match their company branding, giving trainees a sense of familiarity and further relatability. Increasingly Velpic is signing up new clients that are using Velpic to sell content and

     thus by white labelling Velpic they can provide a uniform experience to their customer base.

   • Gamification - Administrators will now have the ability to create training goals and reward achievements. This gamification of the technology increases user enjoyment, making learning more interactive and effective and enhances trainee usage and retention.

Providing further validation of the platform's superior user experience and functionality is the latest accolade awarded to Velpic. LearnX, the international awards program that recognises multiple fields within talent management, has awarded Velpic in the category of Best LMS Deployment for its work with the Surf & Boardsports Industry Association (SBIA).

The SBIA, John Blake and Velpic have established the first online surf-specific training program in the world to ensure that all SBIA members can deliver their customers a high quality, consistent customer service and satisfaction experience.

The LMS eliminated the need for individual stores to independently provide costly, and time- consuming training for every new staff member. Nearly 1,000 lessons have been purchased to date and employee capabilities have been increased by 25% to 125% based on the learning outcomes defined.

Anthony Wilson, President of SBIA said; "Our members loved it! Those who used it said it helped to prepare for a great summer trade," and Justin Bellwood, GM, Aquatique (a SBIA member store) said; "SBIA's Velpic training gives us an excellent base for customer service in our store. Customer service is the key to good business, and the more we can improve our customer service the more successful we can be. Even my experienced senior staff told me they got something valuable out of it."

John Blake said;"Up until recently for many retailers it hasn't made commercial sense to invest the time and money to train casual floor staff. With this new system, an entire sales team can receive high end training for what they would have previously invested to train one person in a live classroom type workshop" Velpic Chief Executive, Russell Francis commented: "This latest award from LearnX provides further recognition of our unique platform's abilities to increase the learning outcomes within organisations. Our work with the SBIA and John Blake was a great example of how learning management systems can enhance staff performance and lead to great customer service."

"We are very excited about the new features of version 3.5. Increasing satisfaction for our users is key to driving new business. By continuing to listen and support our clients' needs we plan to continue to exceed expectations of functionality and technology within the market and maintain our position as the LMS platform with the global first mover advantage."

**ENDS**

For further information, please contact:

Investor queries: Russell Francis CEO - Velpic [phone] [e-mail] www.velpic.com

Media queries: Ben Grubb Account Director Media and Capital Partners [phone] [e-mail]

About the Velpic Group

The Velpic Group consists of two related entities: Velpic, a cloud-based video eLearning platform, and Dash Digital, a brand technology agency.

Velpic has developed a unique online platform that provides a scalable, cloud-based training, induction and education solution for businesses. The platform allows businesses to create their own training lessons and distribute them to staff and contractors, who can access the Velpic Platform on all devices including mobile phones and tablets.

The cloud-based platform has global potential and is set to disrupt the traditional Learning Management System (LMS) marketplace, and Velpic already has an extensive list of ASX 200 clients using the platform.

Dash Digital is a full service digital branding, marketing, web and app development organisation that seamlessly blends creative and development talents across all disciplines - visual design, print graphics, websites, software development and online marketing.

About the Surf & Boardsports Industry Association

The Surf & Boardsports Industry Association Inc (SBIA) is a non profit organisation, founded by, and run by Surf & Boardsports Retailers and Industry Brands. The association serves as the preeminent voice on a grassroots level with manufacturers, suppliers, and other associations. The Association's vision is to "Support the development of the Surf & Boardsports Industry" and does this through it's Industry Awards, forums, summits, research and communications.

About LearnX Awards

The LearnX Impact Awards is an international awards program that recognises multiple fields within talent management across the corporate, education and public-service sectors. Each year the awards uncover incredible projects and solutions that deliver best practices and business value. We then share many of these experiences with the wider community during the LearnX Live! Summit & Awards Show. Our objective is also to shine a light on the talented teams involved in these works and the enterprises that support them.