eCollege(R) Announces Record Fourth Quarter 2004 Revenue of $24.4 Million

March 14, 2005

DENVER, March 10 /PRNewswire-FirstCall/ –eCollege(R) (Nasdaq: ECLG), a leading provider of value-added information services to the post-secondary education industry, today announced it achieved record revenue of $24.4 million for the fourth quarter ending December 31, 2004, up 60 percent from $15.2 million for the fourth quarter of 2003.

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