VCampus Enrollment Rose 106 Percent for Higher Education Programs in 2000
RESTON, Va.– VCampus Corporation (Nasdaq:VCMP – news), the leading provider of end-to-end e-Learning solutions, today announced that enrollment in its Higher Education Division during 2000 jumped 106 percent over 1999 enrollment.
The growth resulted from VCampus’ acquisition of new customers as well as increasing enrollment among existing customers.
“The division’s growth is directly attributable to the growing demand and convenience of online university programs and the successful business models we employ with our higher education partners,” said Dr. Don Olcott, Jr., Vice President for VCampus’ Division of Higher Education. “We approach every potential college and university as a long-term partnership where our mutual goals are to make the programs financially successful while working with faculty to maintain the highest level of academic quality for students. Presently, all of our higher education partners are profitable in the online marketplace, which is not necessarily the case for most colleges and universities.”
In 2000, approximately 18,300 students across the nation participated in VCampus-powered classes through institutions of higher education, compared with 8,870 in 1999.
While spring 2001 enrollment numbers cannot be determined until later in the quarter (some universities have two spring terms, the second of which has not yet begun), early projections show that the rate is continuing to grow at the 2000 levels.
“Online learning is a growth market in higher education, but to achieve a growth rate of more than 100 percent speaks to VCampus’ leadership in the e-Learning field,” said Daniel Neal, President and CEO of VCampus. “We have strong programs that are helping major universities and colleges compete for student enrollment by enabling them to expand educational offerings to meet increasingly diverse student needs.”
The enrollment growth at Park University in Parkville, MO–a VCampus partner since 1996–exemplifies the trends among existing VCampus customers. Park University saw a 55 percent increase in its e-learning program since the Spring I 2000 term, bringing its Spring I 2001 enrollment to 3,222.
“Through VCampus, we are providing high quality programs through a fast and reliable delivery system,” said Thomas W. Peterman, Ph.D., Vice President for Distance Learning at Park University. “Our enrollment numbers are proof that we are meeting and exceeding our students’ expectations for a positive and valuable e-learning experience.”
VCampus has also seen a growth rate of more than 100 percent for its courses serving other markets, such as online learning solutions for corporations, government agencies, and professional associations.
These programs provide employees, customers, members and business partners with custom and world-class off-the-shelf courseware, as well as custom modules that support product rollouts and product field support. During 2000, VCampus delivered more than one million courses online.
VCampus offers the most flexible and customizable e-Learning solutions in the market today and its ASP-delivered platform is unparalleled in performance, scalability, reliability and security. The VCampus solutions include technologically advanced course authoring and delivery capabilities, as well as advanced user administration tools and reporting features.
VCampus® Corporation (Nasdaq:VCMP – news) is the leading e-Learning Solution Provider. The company develops, manages and hosts turnkey, web-based learning solutions for corporations, government agencies, and higher education institutions. VCampus enables these organizations to offer complete global distance learning solutions to their customers, employees, distributors, suppliers, and students.
VCampus’ e-Learning solutions help clients improve the performance of their distribution channels and suppliers; measure and develop their employees’ knowledge, skills, and abilities; and increase their customers’ satisfaction and loyalty. VCampus distributes a courseware library of more than 2,100 web-based courses and has delivered more than 1.9 million courses to over 467,000 adult learners.
VCampus Corporation is headquartered in Reston, VA. For more information, call 800-915-9298, or visit the VCampus website at www.vcampus.com.
This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information.
Without limiting the foregoing, references to future growth or expansion are forward-looking, and words such as “anticipates,” “believes,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “should,” “will,” and “would” and other forms of these words or similar words are intended to identify forward-looking information.
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There may be events in the future that we are not able to predict or control accurately, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially.
These risks and uncertainties include: (i) the ability to recruit and retain qualified technical and other personnel in a highlycompetitive market, (ii) market acceptance of our new and future products, (iii) the growth and adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v) our ability to maintain and manage our growth.
For additional information regarding risk factors that could affect our future results, please refer to the discussions of “Risk Factors” in our Form 10-Q for the quarter ended September 30, 2000, filed with the SEC on October 20, 2000, and our Form S-1/A Registration Statement Amendment filed on November 19, 2000.
Joanne Rasch, 703/893-7800 x264