College Bound Student Alliance Concludes Contract for Chairman.

Business Editors/Education Writers

LAKEWOOD, Colo.--(BUSINESS WIRE)--Nov. 2, 2001

College Bound Student Alliance (OTCBB:GRAD) announced today that it has successfully concluded a two-year contract for Jerome Lapin to serve as Chairman of the Board.

Mr. Lapin has gained international recognition as a business executive with expertise in public and private companies. Most notably, Mr. Lapin was a co-founder of the International House of Pancakes (IHOP), which was ultimately listed on the NYSE as International Industries, Inc. Mr. Lapin recently was involved with American Coin Merchandise, Inc. (Nasdaq:ACMI), which grew to $120 million in five years.

Jerome M. Lapin, CEO of CBSA, said, "I am pleased with the confidence the Board has demonstrated. I continue to be excited about the future of College Bound Student Alliance, Inc."

College Bound Student Alliance is a full-service education and career preparation Company. In over 10 years, CBSA has helped over 30,000 students receive in excess of $170 million in financial assistance. Some CBSA student clients have had their fees underwritten by local offices of corporate sponsors, including: Coca-Cola (NYSE:KO), American Express (NYSE:AXP), Citicorp (NYSE:C), Pittsburgh Steelers, Denver Broncos and many more.

This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.