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News Release

Press Release March 12, 2008

Embanet welcomes Dr. Thomas Downey as Chief Academic Officer



Toronto, Canada, March 12, 2008 - Embanet, a leader in online education, is pleased to announced today the appointment of Dr. Thomas E. Downey, Ph.D., as Chief Academic Officer (CAO). Dr. Downey will play a pivotal role in growing Embanet's higher education design and development division.

"Dr. Downey possesses a unique blend of education and professional experience that makes him the perfect choice for CAO at Embanet. His wealth of knowledge spans the areas of instructional design, learning technology, IT systems, project management, human factors and finance," said Rick Ness, Chief Executive Officer, Embanet.

With 20 years of proven global success, Dr. Downey has held senior-level positions in a range of industries, from aerospace to health to education.

Prior to his appointment at Embanet, Dr. Downey was a Principal at Independent Experts LLC, a San Antonio, Texas company that has designed and implemented web-based training and management systems for companies such as Anthem Blue Cross/Blue Shield. Previously, he was Chief Technology Officer and then Vice President at Thomson Learning in Cincinnati, Ohio, where he was responsible for the development of all instructional technology product initiatives.

Dr. Downey completed his Ph.D. in Computer Science, Industrial Engineering and Human Factors by undertaking ground-breaking research at Boeing Commercial Airplane which improved the effectiveness and efficiency of their maintenance and trouble-shooting training program for the Boeing 777.

He also holds an MBA in Accounting, Information Systems and Security and an MA in Instructional Design and Interactive Technology. "Dr. Downey's number one goal is to exceed our new growth targets, and with his vast experience and impressive array of accomplishments, I have every confidence that he will succeed in that objective," said Ness.

About Embanet

Founded in 1995, Embanet is a leading, full service provider of online program design and development, marketing enrollment and technology support services for postsecondary educational institutions. Embanet works with partner schools to help them develop and expand their online graduate and undergraduate programs and provides superior support services that result in industry-leading graduation rates. Embanet's fully hosted e-learning solutions include a tier 1 data center, 24/7/365 technical support, course development, implementation services, system integration and faculty recruitment and training. For more information on Embanet visit www.embanet.com.


Press Relations Contact:

Bart Levitt
S.VP of Sales and Marketing
416-494-6622 Ext. 3519
blevitt@embanet.com
  Investor Relations Contact:

Rick Ness
Chief Executive Officer
416-494-6622 Ext. 2259
rick.ness@embanet.com