Stern to Head Up Embanets New Corporate Alliance Department

Embanet, a leading online education provider, is pleased to announce the formation of its new Corporate Alliance department, to be headed up by Robert Stern in the position of Vice President. The purpose of the new unit is to develop partnerships with US corporations and organizations to help them invest their tuition reimbursement dollars wisely by providing high-quality online education opportunities for employees.

"This initiative represents a tremendous opportunity for Embanet to build our business by helping other companies fulfil their commitments to employee education. We are thrilled to welcome Robert aboard to lead the charge in this area," said Rick Ness, Chief Executive Officer, Embanet.

Stern brings to this position more than 20 years' experience in sales and marketing, with a specialization in relationship building. After working for many years in account- and relationship-management within the B2B sector, he joined Career Education Corporation, where he held a range of senior positions directing admissions, student relations and corporate client relationships.

"Through our Corporate Alliance initiative, we will make it possible for corporations to provide their employees with easy and convenient access to online degree programs from the finest universities in America. Robert's experience in nurturing client relationships will be an invaluable asset in making this exciting new venture a success," said Ness.

About Embanet

Founded in 1995, Embanet is a leading, full service provider of online program design and development, marketing enrollment and technology support services for postsecondary educational institutions. Embanet works with partner schools to help them develop and expand their online graduate and undergraduate programs and provides superior support services that result in industry-leading graduation rates. Embanet's fully hosted e-learning solutions include a tier 1 data center, 24/7/365 technical support, course development, implementation services, system integration and faculty recruitment and training. For more information on Embanet visit www.embanet.com

Press Relations Contact:

Bart Levitt

S.VP of Sales and Marketing

416-494-6622 Ext. 3519

Investor Relations Contact:

Rick Ness

President

416-494-6622 Ext. 2259

Stern to Head Up Embanets New Corporate Alliance Department

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Stern to Head Up Embanets New Corporate Alliance Department

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