$10 Million Invested in GlobalLearningSystems; Unique Learning Solutions Company Expands Total Solutions Vision.

Business Editors/Hi-Tech Writers

MCLEAN, Va.--(BUSINESS WIRE)--May 1, 2001

GlobalLearningSystems(TM) (GLS), an award-winning enterprise level learning solutions provider, announced today that it has secured a $10 million equity commitment, led by Hampshire Equity Partners.

This follow-on round of funding from GLS' current financial partners will be used to continue building the global Internet and new media centered corporate education and training company, including completion of strategic international acquisitions, development of LearningVista(TM), GLS' enterprise learning solution environment and ongoing development of GLS' product and service offerings.

GlobalLearningSystems' Executive Vice President, Nick Schacht, said "GLS is thrilled that our partners continue to demonstrate their faith in our vision and our execution of that vision. We remain firmly committed to achieving our goal of being the leading provider of integrated learning solutions."

According to Hampshire Equity Partner Benjamin P. Giess, "GLS has demonstrated an ability to effectively acquire and integrate companies with critical skills, products and services. We are committed to helping them fully integrate offerings for Fortune 1000 customers."

International Data Corporation (IDC) projects that the e-Learning market will grow from 10% of the total training market in 1999 to more than 35% by 2004. By 2002, organizations will spend as many dollars to provide technology-based training as instructor-led (classroom based) training. By 2004, e-Learning expenditures are expected to equal dollars spent on classroom-based training.

"The learning solutions market becomes more exciting and challenging daily. With its global presence, technology leadership and set of blue-chip customers, we believe that GLS is poised for significant growth and long-term success," said Hampshire Managing Partner, Tracey L. Rudd.

About GlobalLearningSystems

GlobalLearningSystems is a total performance improvement solutions company, providing global corporate work life, Internet and new media learning. The company develops, markets and provides IT training, professional development and leadership content and support services in all new e-media and e-Learning formats.

GlobalLearningSystems is inventing the future of learning by helping corporations and organizations educate, re-educate and retain their employees while enhancing the productivity and learning curve of all students.

GlobalLearningSystems' mission is to develop skilled employees and assist clients in sharpening their competitive edge and increase productivity by delivering the highest production values, interactivity and Web-based technologies.

GlobalLearningSystems' vision is to leverage the exceptional skills and core competencies within the GlobalLearningSystems corporate family to help our clients reach their goals. GlobalLearningSystems' corporate headquarters is located in McLean, Virginia, near Washington, D.C.

Other U.S. offices are located in New York City; Basking Ridge, New Jersey; Provo, Utah; Los Angeles, California; and Bethesda, Maryland. European offices are located in the United Kingdom and The Netherlands, with company alliance affiliations throughout the world in association with the GlobalLearningAlliance(TM).

About Hampshire Equity Partners

Hampshire Equity Partners is a New York-based private equity firm that invests in growth financings, buyouts, acquisitions, consolidations and corporate restructurings. Founded in 1990, Hampshire Equity Partners manages over $700 million of committed capital and has made investments in 31 separate companies.

Hampshire invests in U.S.-based companies with the goal of helping operating management execute their growth plans and enhance company value. Hampshire Equity Partners invests in a wide range of industries including media, telecommunications, retailing, health care, manufacturing and computer services.

www.globallearningsystems.com