eCollege Recognized as Preferred eLearning Provider
DENVER – May 28, 2002 – eCollegeSM [Nasdaq: ECLG], the leading provider of technology and services for online higher education programs, today announced that it has been selected by the State of Colorado as one of the preferred providers of eLearning solutions for programs delivered by the State’s higher education system, as well as by the State’s government agencies.
“As a Colorado-based company whose first customer was the University of Colorado, we play a significant role in the delivery of eLearning programs across the State,” said Oakleigh Thorne, chairman and CEO of eCollege. “The preferred provider initiative will have a very positive impact on our current and prospective local customers. Not only will it make it easier to build and maintain eCollege-hosted eLearning programs from an administrative process, but institutions can also be assured that they are leveraging the highest quality technology and support services recognized by the State.”
The State of Colorado Pricing Agreement will enable all Colorado institutions of higher education to take advantage of eCollege AU+SM, the Company’s leading eLearning platform, without going through a costly and time consuming RFP (Request for Proposal) process. eCollege AU+ provides more features, customization and modularity in an institution’s eLearning solutions; and also exceeds Section 508 federal standards by providing unprecedented levels of accessibility and usability for blind, deaf and mobility-impaired faculty and students.
eCollege [Nasdaq: ECLG] is the leading eLearning technology and services provider to educational markets. eCollege designs, builds and supports high quality online degree, certificate/diploma and professional development programs for colleges, universities, school districts and state departments of education. eCollege’s clients include such institutions as National University; University of Massachusetts Amherst; University of Colorado; Drexel University; DeVry University, Inc.; New England College of Finance; and the Kentucky Virtual High School. The company was founded in 1996 and is headquartered in Denver. For more information, visit www.eCollege.com.
This news release contains “forward-looking statements” within the meaning of the securities laws. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks. Actual results may differ materially. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, but are not limited to, our network infrastructure and computer systems failing; substantial and increasing competition in the online education market; future technological advances by our competitors; and such other factors as are discussed in our most recent Form 10-K Annual Report filed with the U.S. Securities and Exchange Commission (“SEC”), which you are encouraged to review in connection with this release. We believe that these forward-looking statements are reasonable, however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. We are not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
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For Immediate Release
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