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News Release

Press Release June 1, 2006

Embanet to Exhibit at Annual Career College Association Convention and Exposition, June 12-14, Las Vegas, NV To Enable Schools to Succeed and Prosper In Online Programs

Toronto, ON, June 1, 2006 – Embanet Corporation, the world’s largest and foremost provider of full-service e-Learning solutions, will participate and exhibit at the Career College Association (CCA) Convention and Exposition, June 12-14, in Las Vegas, NV.

"The importance of understanding technology, support services, hosting and course design is critical to an institution’s success or failure online," says Jeffrey E. Feldberg, Embanet Chairman, in announcing the firm’s commitment to participate in the convention. "We will share the valuable insights gleaned through our considerable experience in online education and focus on the various facets, challenges, and opportunities that go along with launching and growing an online program."

"Helping institutions understand the basics of the delivery of an online program enables them, through our market leading and proven services, to maximize retention rates and significantly increase the return on investment," says Feldberg. "At a time when marketing costs are at their peak, with no end in sight, Embanet plays a critical role in enabling institutions in helping them fill the seats and keeping the seats filled."

CCA is a voluntary membership organization of private, postsecondary schools, institutes, colleges and universities that provide career-specific educational programs. CCA has over 1,400 members that educate and support~almost two~million students each year for employment in over 200 occupational fields. These schools and colleges graduate approximately one-half of the technically trained workers who enter the U.S. workforce each year and also provide retraining for displaced workers and skills-upgrading for a variety of public and private employers.

Over the past four years CCA's Foundation has provided nearly $27 million in scholarships to high school graduates attending CCA member schools, institutes, colleges and universities.

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.