CyberU Provides a State-of-the-Art e-Learning Solution for Small and Mid-Sized Businesses

August 16, 2001

CyberU, Inc. announced the launch of its Online Education System (OES), the latest edition to its educational services for corporations, individuals and small to mid-sized businesses.

CyberU has developed a suite of online learning solutions to eradicate the limitations small and mid-sized businesses encounter when trying to train their employees. Previously, these businesses did not have the access to, nor the budget for, corporate training. Through CyberU’s offerings, these companies now have an affordable, state-of-the-art training solution available for their unique needs.

“With more than 20 million small businesses in the United States, it is long overdue that small businesses are given a cost-efficient means to train for what accounts to almost 55% of the nation’s private work force. With such a large percentage of the economy made up of small businesses, we saw no reason why they should have to struggle to train their employees,” said Adam Miller, president and CEO of CyberU. “All companies start out small and have the potential to see enormous growth. CyberU is proud to offer its online learning solutions to encourage growth within these companies.”

The ASP-based Online Education System enables companies to customize training and also provides the assignment, tracking and assessment of employee training. Managers can efficiently assign, approve and review training for their employees and distribute training according to each employee’s needs and skill levels. The system provides small to mid-sized businesses a corporate-sized solution on a small-sized budget.

The system also provides thousands of online courses from top online educational content providers to ensure that companies will receive the best training available. CyberU continually updates its system with the best online training available. Because the system is ASP-based, updates are immediate and there is no software to download for the latest versions of the system.

With the addition of its Online Education System, CyberU has created educational solutions for everyone. CyberU’s suite of services includes human capital management solutions for corporations through its Corporate Education System, a training site for smaller businesses and home offices, www.training.cyberu.com, and an award-winning website for individuals, www.cyberu.com, which offers over 20,000 online courses for personal and professional development.

About CyberU’s Small and Mid-sized Business Services

CyberU has developed two services to meet the unique training needs of small businesses and mid-sized businesses. For small to mid-sized businesses with up to 5,000 employees seeking a comprehensive training solution, CyberU offers the Online Education System, a fully-customizable, ASP-based service which enables the cost-effective assignment, assessment and tracking of employee training. For companies with less than 100 employees, CyberU offers an online Small Business Training Center at www.training.cyberu.com, which provides small business people with access to world-class corporate training.

About CyberU, Inc.

CyberU is the most comprehensive source of online education and corporate training for corporations, small businesses and individuals. CyberU’s state-of-the-art Corporate Education System (CES) provides training managers with a comprehensive human capital management solution for administering enterprise-wide corporate education. CyberU’s ASP-based Online Education System provides small and mid-sized businesses with cost-effective access to world-class corporate training. The Small Business Training Center, www.training.cyberu.com, allows smaller businesses instant access to top-tier training. CyberU’s award-winning website, www.cyberu.com, offers individuals over 20,000 online courses for personal and professional development from hundreds of institutions. The Company has formed a number of strategic alliances for content, services and distribution. CyberU is based in Santa Monica, California with offices in San Francisco and New York.

For further information, please contact:

Piper Carlson

Manager of Corporate Communications

3250 Ocean Park Blvd., Suite 150

Santa Monica, CA 90405

(310) 581-2006 ext. 107

(310) 581-2007 FAX

pcarlson@cyberu.com