Association for Financial Professionals Selects VCampus to Develop Online Recertification Curriculum.

RESTON, Va. -- Shift from Transactional Excellence to Strategic Driver of Business Performance Expected to Increase Demand from Financial Professionals

The Association for Financial Professionals (AFP), the leading global association for corporate finance and treasury professionals, and VCampus Corporation (NASDAQ:VCMP), a provider of end-to-end, web-based e-Learning solutions serving the corporate, government, association and higher education markets, today announced plans to develop and deliver an online curriculum to support the continuing education requirements necessary to maintain the Certified Treasury Professional (CTP) or its predecessor, the Certified Cash Manager (CCM) credential. More than 15,000 individuals have earned either the CTP or CCM credential, widely regarded as the leading industry credential, and often cited as required or preferred in employment listings of the nation's most respected companies.

Using AFP symposium content, created by leading financial and treasury industry experts, VCampus will initially develop and deliver three courses to support the CTP and CCM recertification requirements. A CTP or active CCM must earn 36 continuing education credits during the three-year recertification cycle. The first courses being developed, "Technology Innovations to Enhance Cash," "Derivatives: Debunking Myths and Building Boardroom Support" and "Working Capital Management and Its Impact on Cash Flow," will provide continuing education credits toward the recertification requirement. Costs for the online courses will range from $75 - $125 for individual purchasers, with volume and AFP member discounts available. The initial course, "Technology Innovations to Enhance Cash," is scheduled to launch in August 2004 and will be available through AFP's Online E-Learning Center.

According to a November, 2003 survey of senior financial executives conducted by AFP, today's corporate Treasury department is being asked to play a far more strategic role in the corporation, moving beyond its traditional responsibilities of bank relationships and cash management. These expanded responsibilities are requiring treasury professionals to constantly expand the borders of their expertise. "Whether providing certification of data used in a company's financial statements or participating actively in the regulatory debate over options expensing and pension reform, treasury professionals are playing a more visible and critical role in strategic decision making for the corporation," said Jim Kaitz, president and CEO of AFP.

Eighty-five percent of the senior-level survey respondents cite resources such as continuing education and professional certification such as AFP's Certified Treasury Professional as "very important" or "important" to prepare employees for future growth and responsibilities within an organization. "AFP is committed to being the central resource to provide its members with the information necessary to stay current with changing corporate financial and treasury regulations," said Kaitz. "Online learning provides tremendous value to our members and we are delighted to be working with an e-Learning leader such as VCampus to leverage the industry expertise of leading financial and treasury experts into an effective online curriculum to support recertification requirements."

"Corporate finance and treasury professionals and their employers face increased pressure to meet today's professional development demands. This online curriculum will play a significant role in helping these parties met these challenges," said Nat Kannan, Chairman and CEO of VCampus Corporation. "As the number of Certified Treasury Professionals grows across the country, and around the world, online learning offers busy professionals the convenience and flexibility of anytime, anywhere access to this important educational resource."

About the Association for Financial Professionals

The Association for Financial Professionals (AFP) headquartered in Bethesda, Maryland, supports more than 14,000 individual members from a wide range of industries throughout all stages of their careers in various aspects of treasury and financial management. AFP is the preferred resource for financial professionals for continuing education, financial tools and publications, career development, certifications, research, representation to legislators and regulators, and the development of industry standards.

About VCampus(R)

VCampus Corporation (NASDAQ:VCMP), a provider of end-to-end e-Learning services, helps organizations that offer professional certifications and credentials unlock the value of their traditional branded course content. Through its innovative Select Partner(TM) Program, VCampus repurposes value-added training content for online delivery to enhance and support professional development programs. The Select Partner program includes custom course development, publishing, hosting, e-commerce, reporting and account support and marketing services. With over a decade of e-Learning experience, VCampus has delivered 2.8 million courses to 835,000 desktops/users in associations, non-profits, corporations, government agencies and higher education institutions. VCampus distributes a courseware library of more than 4,500 web-based courses. VCampus Corporation is headquartered in Reston, VA. For more information, call 800-915-9298, or visit the VCampus Web site at www.vcampus.com. "VCampus" is a registered trademark and "Select Partner" is a trademark of VCampus Corporation.

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