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News Release

Press Release February 21, 2006

Embanet's Full Integration of Solutions for Online Programs Delivers Convenience, Flexibility and a Higher ROI to Institutions In Challenging and Competitive Marketplace

Toronto, February 21, 2006 – Embanet Corporation re-affirms its commitment to providing the industry’s most integrated, flexible and effective solution for institutions either offering or planning to offer online programs. Embanet offers a full service solution including lead generation, marketing, admissions, student services, course development, hosting in its Tier 1 Data Center, 24/7/365 live student and faculty support, and support of eight learning platforms through its e-Learning Insurance™.

The demand for online programs has been increasing but the market place has reacted by providing only narrowly-focused solutions. Colleges and universities require a full range of solutions that are readily accessible and available. With so much at stake for online programs and with leadership within the institution stretched for time, many leaders find the choice daunting and risky.

"For over a decade Embanet Corporation has helped build the online industry to offer value, service and results to institutions across the country," says Jeffrey E. Feldberg, Chairman of Embanet Corporation. "Our ability to consolidate the wide variety of services and offerings for online programs has been a welcome relief for institutions that have too many choices and too little time. Embanet gives institutions the ability to simply pick up the phone and find a single solution provider fulfilling all its needs and surpassing its expectations with time savings, consistency and high return on investment."

Institutions with large online programs look for ways to elevate their success and capitalize on their economies of scale, but often do not know where to turn and can lose the agility and aggressiveness they experienced when they first began. Institutions who are smaller in size or have up-and-coming online programs often feel they do not have the expertise to compete and lack the resources. By having solutions and services that cover the entire vertical, Embanet Corporation is able to address the diverse needs of institutions that are at different life cycles with their online programs.

"As we look to other industries that have followed a similar growth pattern to the online industry, we see a convergence of services to offer choice, flexibility and superior results," says Waleuska L. Lazo, CEO of Embanet Corporation. "Our fully integrated solution for online programs offers unparalleled convenience, integration, and bottom line results. When educators have too many choices, too little time, and no room for error, our integrated solution provides the quickest path to success."

About Embanet Corporation

Embanet is the leading provider of fully hosted and supported e-Learning solutions to educational institutions. Embanet's Tier 1 Data Center, 24/7/365 LIVE technical support and course development help achieve high online retention and completion rates. Embanet offers the industry's only "e-Learning Insurance™" to safeguard your investment from changing technologies through the total integration of seven leading and non-proprietary learning platforms. For more information, please visit www.embanet.com/newsalert.