Campus Pipeline Appoints Two Vice Presidents

February 23, 2001

SALT LAKE CITY, UTAH — Campus Pipeline Inc. Thursday announced the promotion of Greg Bishop to vice president and general counsel, and Tyler M. Thatcher to vice president of corporate finance and treasurer.

Thatcher manages the company’s financial assets and external communications, including cultivating and maintaining relationships with the financial community, while Bishop takes responsibility for directing the company’s corporate governance, legal affairs, and intellectual property protection programs.

“The outstanding contributions these gentlemen have made to the stability and growth of Campus Pipeline are impressive,” noted Thomas K. Lewis, chief executive officer of Campus Pipeline. “Mr. Thatcher was instrumental in raising more than $80 million for the company in two phenomenal funding rounds, and Mr. Bishop has continually ensured Campus Pipeline’s ability to protect our intellectual property.”

Bishop joined Campus Pipeline in November 1999 from Iomega Corp. where he served as the acting general counsel and corporate secretary. Prior to Iomega, Bishop worked for Corning Inc. where he functioned as the general counsel for several business units and worked with Corning’s strategic partners in Korea, Japan, India, Hong Kong and Europe.

Prior to Corning, he was in private practice as a commercial litigator in Washington, D.C. Bishop received his juris doctorate and master of business administration degrees from Brigham Young University.

Thatcher joined Campus Pipeline in June of 1999 as the company’s director of corporate finance and investor relations after serving as the director of investor relations for Iomega Corp. During Thatcher’s tenure at Iomega, the company received broad recognition as a leader in using technology to promote relations with a broad base of both retail and institutional investors.

Prior to his tenure at Iomega, Thatcher had several years of global financial experience in both the public and private sectors, including work at Fidelity Investments and NTT of Japan. He earned his MBA from Brigham Young University.

About Campus Pipeline Inc.

Campus Pipeline’s Internet infrastructure is setting the standard for higher education. The company collaborates with colleges and universities to create comprehensive online environments for the delivery of information and services within higher education communities.

Through the Campus Pipeline(TM) Web platform, the company helps schools integrate campus communication, academic resources, administrative services, campus news, distance learning, and all other Web applications securely together online.

The Salt Lake City-based company is backed by investors including American Express, Dell Computer Corp., General Motors, Hewlett-Packard, Inktomi, Lynx Technology, and SCT Corp., and has strategic relationships with companies including Educational Testing Services, Oracle Corp., Sun Microsystems, TIAA-CREF and WebCT. For more information, visit www.campuspipeline.com or call 888/682-PIPE.

Campus Pipeline and the Campus Pipeline logo are trademarks of Campus Pipeline Inc. All other marks are the property of their respective owners.

Contact Information

Campus Pipeline Inc., Salt Lake City

Laura Kvinge, 801/257-4158

lkvinge@campuspipeline.com

Penna Powers Cutting Haynes

Stephanie Miller, 801/487-4800

smiller@ppch.com