VCampus Reports Continued Online Tuition Revenue Gains in Q2; Revenue Stream Diversifies as the Company’s Widening Customer Base Matures

July 26, 2001

VCampus(R) Corporation (Nasdaq: VCMP), the leading provider of end-to-end, web-based e-learning solutions, today announced its financial results for the second quarter of the fiscal (and calendar) year 2001. The Company also announced that, in addition to signing on six new customers during Q2-2001, including potentially the largest contract in VCampus’ history, its revenue stream has diversified more in Q2 than in any previous quarter through expanding contracts with its “second phase” of large customers.