Embanet forms e-Learning alliance with CyberLearning Labs

June 25, 2003

Toronto, Canada and Indianapolis, Ind. – June 24, 2003 – Programs struggling with budget cuts and the challenge of a positive return on investment for online courses now have an option that teams CyberLearning Labs’ ANGEL enterprise course management system with Embanet’s fully hosted, 24/7 live technical support solution. The fully integrated, enterprise e-Learning solution with the option of full staffing and infrastructure support has the potential to increase retention rates and enrollments in online courses.

The alliance agreement provides a formal framework for a relationship forged from the companies’ shared customer experiences at institutions such as Kentucky Virtual University. The technology business partners can now more effectively join together to provide high quality teaching and learning technology solutions to assist educational institutions in developing, initiating, and supporting their e-Learning initiatives.

“The Embanet alliance with CyberLearning Labs makes superior e-Learning management solutions for online programs seeking to increase both retention rates and enrollment in online courses readily available,” said Jeffrey Feldberg, Embanet Chairman and CEO. “Embanet’s fully integrated hosting solution, 24 hour a day, 7 day a week live technical support, and back end system integration provide a proven and effective e-Learning solution that has produced results for nearly a decade.”

Shared customer experiences convinced CyberLearning Labs’ President and CEO Christopher Clapp the alliance will benefit customers. “Embanet has proven they understand the needs of educators and demonstrated they can deliver services to provide a complete e-Learning solution,” said Clapp. “CyberLearning Labs is pleased to have a relationship where the Embanet and ANGEL solutions can be offered together.”

The non-exclusive Embanet/CyberLearning Labs alliance agreement will allow for future business development opportunities among clients of both corporations.

About Embanet Corporation

As one of the pioneers of the higher education marketplace, Embanet is “Pain Relief for Your eLearning Headaches.” This year alone Embanet will serve more than 350,000 enrollments and over 30,000 custom courses. Since 1995 Embanet has led the way in superior service to ensure your program’s success with a definable Return On Investment. You can visit Embanet by going to http://www.embanet.com

or email solutions@embanet.com

About CyberLearning Labs, Inc.

CyberLearning Labs, Inc. develops and markets ANGEL, the enterprise course management system that combines an open and flexible architecture with a complete set of easy-to-use features. The company grew out of the Advanced Research and Technology Institute at Indiana University after ANGEL was developed in the CyberLab of Indiana University Purdue University Indianapolis. Now the fastest growing course management system, ANGEL customers include Penn State University, Michigan State University, Kentucky Virtual University, Providence College, and TIAA-CREF. Visit the CyberLearning Labs website at http://www.cyberlearninglabs.com

Embanet Contact:

Cinthea Sparacino


(800) 572-7558 x 269

CyberLearning Labs Contact:

Nancy Schmutzler


(317) 610-3610