College Enrollments Soar at EVCI's Interboro Subsidiary; Top & Bottom Lines Positively Impacted by Increased Enrollments.

Business Editors/Education Writers

YONKERS, N.Y.--(BUSINESS WIRE)--March 20, 2002

Educational Video Conferencing, Inc. (Nasdaq:EVCI) owner and operator of career college and IT certification centers, announced a record increase in spring semester enrollments and revenues at its degree granting college subsidiary, Interboro Institute. The dramatic increase in enrollments, which has far exceeded internal management expectations and analyst projections, translates into record profitability for Interboro.

EVCI acquired Interboro Institute, a two-year career college, in January 2000. For the fiscal year prior to the acquisition, Interboro produced $6.6 million in revenue. Since the EVCI acquired Interboro, Interboro's revenue has grown steadily. Under EVCI's direction, Interboro's revenue grew to $7.5 million in calendar year 2000, an increase of 13.6%. In 2001, Interboro's revenue grew to $9.8 million, which includes $900,000 from EVCI's new Flushing campus, an increase of 30.6%. For fiscal year 2002, Interboro is projecting revenue of $13.4 million and profits of $2.4 million. Interboro has been the principal driving force for EVCI's turn to operational profitability.

Interboro currently has more than 1450 students, representing roughly 7250 student course registrations enrolled for the spring 2002 semester which is dramatically up from the roughly 900 students, or approximately 4500 student course registrations in the spring 2001 semester. This represents a 61% increase in students. Most post-secondary institutions experience a dropoff in enrollments from the fall to spring semesters. However, Interboro far exceeded this industry norm by increasing enrollments for the spring semester over the fall semester.

Stephen A. Adolphus, president of Interboro, said, "We offer many economically disadvantaged students the opportunity to further their education, train for a career or get a two-year degree. Almost all of our students receive financial grants in aid to cover tuition."

According to Dr. John McGrath, president of EVCI, the increased enrollments will positively impact EVCI's top and bottom lines. "Additional communities have already inquired about similar Interboro centers of their own, and we plan to open two additional campus centers this year."

"We announced last summer that we had changed our focus to growing the campus education segment of our business," added McGrath. "We are now reaping the rewards of that change in focus. We are now principally an education company. A manufacturing company is measured by production and sales, we measure ourselves by educational quality and enrollments. We made a commitment to be profitable when we instituted our shift in focus to post-secondary education. We are now delivering on that promise."

The forward-looking statements in this release regarding EVCI's plans to open two additional centers this year and that may imply EVCI will continue to be operationally profitable reflect management's current views with respect to future events and are subject to certain assumptions, risks and uncertainties. These include: Interboro enrollments and revenues may not continue to grow; Interboro may not effectively identify, open and operate additional sites; problems with regulators could adversely affect existing or proposed schools; the losses and negative cash flow generated by ICTS and EVCI's enhanced video communications segment could be more than Interboro's profits and positive cash flow; competition for students is likely to increase; economic and market conditions may not be favorable for EVCI; and the other specific risk factors described in EVCI's filings with the SEC, including its most recent Forms 10-KSB, and 10-QSB. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated by any forward-looking statement. EVCI undertakes no obligation to update the information in this press release.