Virtual Academics Announces Additional Asian Alliance

March 21, 2001

BOCA RATON, Fla., Mar 20, 2001 —, Inc. (OTC Bulletin Board: VADC) announced today the signing of an agreement with Rochester (Taiwan) Consulting Corp. ( Under the new agreement, VADC will offer Chinese MBA corporate training curricula to a group of more than 10,000 Taiwanese executives. This agreement further strengthens VADC’s previously established strategic alliances with other universities, educational institutions and education companies located throughout Southeast Asia.

John C. Loiseau, Marketing Director of VADC said, “This promising new agreement will add to our growth of Asian students, as well as provide additional Chinese content to our portfolio.”

Mr. Loiseau added, “Our concept of partnering with other companies, academic institutions, and universities throughout the world is the key to our global business model success.”, Inc. is an education solutions provider that owns and operates online distance learning universities and schools offering Internet and wireless training with degree programs in multiple languages to students from 43 countries around the world. VADC operates one of the largest international educational portals on the World Wide Web. Through the VADC site, a potential student or corporate client can access more than 1,000 degree and training programs from a variety of institutions.

John C. Loiseau

6421 Congress Ave. Suite 201

Boca Raton, FL 33487

Phone: (561) 994-4446

Certain statements contained herein may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, statements regarding businessplans, future regulatory environment and approval and the Company’s ability to comply with the rules and policies of independent regulatory agencies. Although the Company believes the statements contained herein to be accurate as of the date they were made, it can give no assurance that such expectations will prove to be correct. The Company undertakes no obligation to update these forward-looking statements.

Contact Information:

John C. Loiseau