GeoLearning Named to Eduventures 100 List

February 5, 2003

Landmark analysis recognizes LMS vendor as a leader in the learning marketplace.

WEST DES MOINES, IA, February 4, 2003 — GeoLearning, Inc., a leading developer of e-learning systems and Web-based training solutions, announced today that the company has been named to The Eduventures 100 list by Eduventures, Inc., the leading independent research firm exclusively focused on learning markets. The 2003 edition of The Eduventures 100: Leading Businesses Transforming the Education Economy provides a year-end assessment of leading pre-K-12, postsecondary and corporate training businesses that demonstrated market leadership in 2002 and that Eduventures expects will continue to drive industry success through 2003.

“Companies highlighted in The Eduventures 100 have distinguished themselves by establishing and maintaining leadership positions over the past year. And we expect them to continue to transform the education industry for the foreseeable future,” said Jim McVety, Eduventures senior analyst and lead author of the report.

In the report Eduventures writes: “During a challenging economic period for corporate IT investments, GeoLearning’s ASP model enables customers to more cost-effectively scale their e-learning systems and resources to match both employee and enterprise demand for e-learning solutions. This business model serves to differentiate GeoLearning in the LMS marketplace and provides a clear value proposition to prospective customers.”

“It’s an honor to have our company recognized as a market leader by one of the leading research firms in the industry,” said Frank Russell, president and CEO of GeoLearning. “It is a testament to our company’s ability to consistently execute a solid business plan designed to deliver significant bottom-line results for our clients.”

About GeoLearning, Inc.

GeoLearning is the leading provider of ASP-delivered learning management systems and e-learning content for organizations around the world, including Fortune 1000 companies, government agencies and educational institutions. With no hardware or software to install, the company’s LMS and e-learning delivery platforms can be implemented in days, giving clients the power to launch AICC and SCORM-compliant courseware, deliver synchronous events, manage a blended learning environment, track learner progress and measure learning results. Additional information is available at www.geolearning.com.

About Eduventures, Inc.

Eduventures, Inc. helps education businesses, technology companies, services firms and educational institutions execute more effectively in increasingly competitive and rapidly changing business environments to realize growth opportunities. Founded in 1993, Eduventures is privately held and headquartered in Boston, MA. Visit www.eduventures.com for more information.