Chicago Growth Partners Graduates with Honors.

Sale of eInstruction to Leeds Equity marks a big win for Chicago-based growth buyout investors

CHICAGO -- Chicago Growth Partners today announced the signing of a definitive agreement to sell 100% of its interest in eInstruction Corporation to Leeds Equity Partners - the first deal to be executed between the two leading private equity investors in the education sector.

As student outcomes continue to receive increased national scrutiny as a result of the No Child Left Behind Act and teachers become more accustomed to incorporating technology in their daily classroom lessons, eInstruction has emerged as the dominant player in the interactive response system and content-based assessment sector of the education marketplace. The Company has achieved enormous popularity among teachers and administrators alike due largely to the fact that it improves classroom efficiency - changing the face of education, without changing the way teachers teach.

CGP's investment in eInstruction will yield a return of approximately 4.2x invested capital and an internal rate of return of 112%. The sale marks the end of a very successful investment for CGP during which the Company grew EBITDA dramatically and emerged as the dominant player in the interactive response system and content-based assessment sector of the education marketplace. eInstruction was the first investment made by CGP, L.P. one year and ten months ago, and will be the first exit out of the eleven investments made so far in the fund. This exit represents a return of approximately 28% of the fund's total called capital to date.

"eInstruction is an excellent example of CGP's core investment philosophy to partner with rapidly growing companies and create value through enhanced execution, support in marketing and systems, and selective accretive add-on acquisitions," stated CGP Managing Partner Rob Healy.

CGP worked closely with the Company on several value-added initiatives during its ownership. First, the Company added seasoned executives Ron Davies and Tim Torno as Chief Operating Officer and Chief Financial Officer, respectively. The enhanced management team drove top-line growth through the expansion of distribution channels and improved profitability through the rationalization of the Company's cost structure. Second, the highly strategic acquisition of FSCreations, Inc. significantly enhanced eInstruction's value proposition, bringing together the dominant provider of response systems and testing/assessment software, two of the highest demand products in education. Finally, the Company benefited significantly from CGP's value-add capabilities in the marketing and technology arenas.

BMO Capital Markets served as financial advisor to Chicago Growth Partners and eInstruction. The CGP deal team included Rob Healy, David Chandler, Jeff Farrero and Mark Anderegg.

About Chicago Growth Partners

CGP is a Chicago-based private equity firm investing in small to medium-sized growth companies. The firm targets three primary sectors: business and consumer services, healthcare and industrial growth. CGP's Partners have specialized in these industry sectors for more than 22 years and their combined experience in each of these areas totals 120-plus years. CGP distinguishes itself through its experienced team - including in-house marketing, information technology and operations expertise; its approach to the development and execution of strategies designed to build success; its focus on growth as the primary driver of returns and its commitment to partnering with portfolio companies that demonstrate strong management capability and opportunity. CGP currently manages $1.2 billion of committed capital while investing Chicago Growth Partners, L.P., a fund raised in Spring 2006. CGP will begin fundraising for CGP II later this year. For more information, please visit www.cgp.com.

About eInstruction Corporation

Based in Denton, Texas, eInstruction is the leading provider of interactive instructional and assessment systems and content-based assessment software to Kindergarten - 12th grade ("K-12"), higher education (i.e. colleges and universities), and corporate and military classrooms with an estimated 40% market share. The Company's products offer a compelling value proposition as they facilitate real-time monitoring, assessment and scoring of performance, increased instructor productivity and enhanced learning environments for students through increased interaction and participation. This compelling value proposition is driving the rapid adoption of response pad systems. eInstruction generates the majority of its revenue from its Classroom Performance System ("CPS"), an instructional, assessment reporting system composed of 24 or 32 response pads, a receiver, and sophisticated software that integrates with the instructor's PC. The CPS assessment system works seamlessly with the Company's industry-leading content-based assessment software (ExamView), which is used by approximately 80% of the K-12 textbook publishers. For more information about eInstruction, please visit the company's website at www.einstruction.com.