BankAtlantic Signs 5-Year License Agreement for GeoLearning Hosted LMS Platform

October 19, 2004

GeoLearning, Inc., the leading provider of ASP-hosted human capital management and development (HCMD) solutions, announced today that BankAtlantic, one of the largest financial institutions headquartered in Florida, has signed a five-year license agreement for the company’s GeoMaestro™ learning management platform. The Internet-based system will be used to manage enterprise learning and development for BankAtlantic’s 1,500 associates at 73 branch locations.

GeoMaestroâ„¢ is an Internet-hosted human capital management and development platform that enables organizations to capture, create, manage and share knowledge to improve workforce productivity, accelerate critical business processes, and drive organizational performance. The system centralizes and automates the entire learning management process, making the administration of enterprise learning and development both effective and efficient.

“We required a single e-learning partner capable of providing a complete solution, including a hosted LMS platform to manage our development curriculums which are at the heart of BankAtlantic training,” said Susan McGregor, Executive Vice President of Human Resources at BankAtlantic. “GeoLearning was the ideal fit because of their system’s flexibility and ability to design a learning environment congruent with our organizational workflow.”

In addition to the GeoMaestroâ„¢ learning management system (LMS), the BankAtlantic deployment will include GeoLearning’s MyPlan module to track and manage individual employee development plans, its Web-based Class & Event Scheduler to administer traditional classroom training, and data integration with BankAtlantic’s existing PeopleSoft human resources information system. GeoLearning will also provide Internet hosting, security and maintenance services for the initiative, as well as 24×7 technical support for BankAtlantic associates and administrators.

About GeoLearning, Inc.
GeoLearning is the leading provider of ASP-hosted human capital management and development (HCMD) solutions, having been chosen by more than 350 organizations around the world to manage learning and development. The company’s GeoMaestro™ and GeoExpress™ learning management platforms offer robust registration, tracking and reporting functionality crucial for managing enterprise-wide learning, development and knowledge acquisition. With no hardware or software to install, GeoLearning’s ASP-hosted platforms can be deployed quickly, allowing clients to efficiently manage human capital development, accelerate critical business processes, and drive organizational performance. Additional information is available at www.geolearning.com.

About BankAtlantic
BankAtlantic, “Florida’s Most Convenient Bank,” is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida and its online banking division—BankAtlantic.com. BankAtlantic has 73 branch locations and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours including a Miami-Dade branch open until midnight, free online banking, Totally Free Change Exchange coin counters, 24/7 call center service and free retail and business checking with a free gift. Visit the BankAtlantic Web site for further information at www.bankatlantic.com.

* A few locations have limited hours due to building restrictions.