eCollegeSM Announces Record Quarterly Revenue of $20.9 Million

August 11, 2004

DENVER – August 10, 2004 – eCollegeSM [Nasdaq: ECLG], a leading provider of value-added information services to the post-secondary education market, today announced it achieved revenue of $20.9 million for the second quarter of 2004, up 186 percent from $7.3 million for the second quarter of 2003. eCollege’s second quarter results include revenue of $8.5 million from the Company’s eLearning Division, and $12.4 million from the Company’s Enrollment Division, Datamark, Inc., which was acquired on October 31, 2003.

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