Compass Knowledge Holdings, Inc. Increases Ownership to 100 Percent in Their Subsidiary, Intelicus, LC.

Business Editors/High-Tech, Education, Health & Medical Writers

OCOEE, Fla.--(BUSINESS WIRE)--Jan. 6, 2000

University of Florida Exchanges Its Interest for Equity in Compass

Compass Knowledge Holdings, Inc. (OTCBB:CKNO) today announced that it completed the purchase of the 35 percent share of its subsidiary, Intelicus, LC, previously owned by University of Florida Health Services, Inc. The result of this transaction is that Compass now owns 100 percent of Intelicus. The benefit from such transaction is in unlocking the University of Florida's value in Intelicus through the exchange of its interest in Intelicus for 465,000 common shares of Compass Knowledge Holdings, Inc., with no dilution to current shareholders.

Rogers Kirven, CEO of Compass, states, "We are pleased to have the University of Florida join us in the development and growth of Compass Knowledge." Of equal importance, The College of Pharmacy granted Intelicus a 5-year extension with respect to the Working Professional Doctorate of Pharmacy Agreements, which had remaining terms of one to three years. On a pro forma basis, if Compass had owned the 35 percent for the full year 1999 it would have added approximately $300,000 to the pre-tax earnings of the Company.

About the University of Florida Pharm.D. And Au.D. Programs

The partnership with Compass and the University of Florida continues to lead the Working Professional Pharmacy and Audiology education niches with 400 doctoral students in pharmacy (ranked 7th in the country academically according to U.S. News and World Report) and 300 doctoral students in Audiology. The University of Florida College of Pharmacy is among the top pharmacy schools in the nation and one of the few located in an academic health center encompassing most of the health professions. The University of Florida Working Professional Doctor of Audiology Program combines the professional experience of the College of Health Professionals with the academic excellence of the College of Liberal Arts and Sciences. Both programs are designed to provide the working professional with the complex and diverse skills necessary to meet the challenges of the dynamic healthcare marketplace.

About Compass Knowledge Holdings, Inc.

Compass Knowledge is a provider of technology, services and capital that enable colleges, universities and industry to offer an online environment for non-traditional learning to working professionals. The Company partners with educational institutions, associations and businesses to offer degree and certificate programs through highly interactive and engaging educational portals. Compass provides a complete turnkey program that includes curriculum development, capital funding, web design and hosting, student recruitment, admissions and program administration.

The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding Compass Knowledge's expectations, beliefs, hopes, intentions, models or strategies regarding the future. All forward-looking statements included in this release are based upon information available to Compass Knowledge as of the date thereof, and Compass Knowledge assumes no obligation to update any such forward-looking statement. Actual results could differ materially from Compass Knowledge's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the rate of hiring and productivity of revenue-generating personnel; the availability of qualified IT professionals; changes in the pricing of Compass Knowledge's services; the achievement of higher returns, the timing and rate of entrance into new regional markets; the structure and timing of acquisitions; competition and general economic factors.