CyberU Launches Corporate Education System; CyberU Makes Cost-effective, World Class Online Corporate Education a Reality.

Business Editors

SANTA MONICA, Calif.--(BUSINESS WIRE)--July 25, 2000

CyberU, Inc., an education-focused application service provider, today announced the launch of its Corporate Education System, providing training managers and HR executives with a comprehensive solution for cost-effectively developing and administering enterprise-wide corporate education online.

Companies have recognized the ability to save millions of dollars each year by migrating corporate training to the Internet, eliminating opportunity, cost and travel expense. CyberU provides training managers with a comprehensive solution for integrating online corporate education with off-line corporate training. Through the use of the CyberU system, every employee in the company can access a personalized Employee Knowledge Portal through their corporate Intranet.

"Online corporate education has been recognized as an efficient way for corporations to remain competitive in the knowledge economy. Large corporations are rushing to move 50% of their training online. We are continuing to work closely with training managers to develop a system that allows any corporation, regardless of size, to provide world class online corporate education that is targeted and relevant to the participating employee." Said Adam Miller, CEO of CyberU.

The Corporate Education System provides corporate training managers with three components needed to effectively migrate corporate education online: a platform, the best available content, and a means to promote the availability to employees.

The CyberU platform provides managers with an easy-to-use administration system, allowing them to customize curriculum, assess and track employees, manage approvals, and report off-line events. The platform creates a completely customized knowledge portal for each employee which provides access to a personalized catalog of relevant online courses, training events and a corporate knowledge bank. Because the entire system is hosted by CyberU, it can be set up in a matter of hours, the design can be customized to match any corporate intranet and employee portals can be created in four languages.

As an expert in online education, CyberU works with training departments to identify the best available online content for corporate training, executive education, and professional development. CyberU continually integrates top online corporate education into its Corporate Education System. Companies can develop a curriculum across a broad range of topics, choosing from courses offered through multiple providers without having to purchase expensive libraries from individual providers. CyberU offers a subscription model to the service, with a nominal employee usage and a pay as you go plan for courses taken.

With utilization of training programs a constant challenge in the business world, CyberU will work with corporate personnel departments to help internally promote awareness and availability of corporate education to its employees. Through targeted internal email campaigns, in-house seminars, and other marketing events, CyberU aids HR directors in increasing employee participation in online corporate education programs.

CyberU will partner with leading edge content providers to supply to its customers. To learn more about CyberU's Corporate Education System, visit the company's website at www.cyberu.com.

About CyberU

CyberU is the most comprehensive source of online education and corporate training to corporations, small businesses and individuals. CyberU's Corporate Education System provides training managers with a comprehensive solution for cost-effectively administering enterprise-wide corporate education with online educational content. CyberU's network of affiliates and distribution partners provides small businesses with access to top-tier online corporate training. The company's website: www.cyberu.com, provides individuals with thousands of educational resources and over 17,000 online courses for personal and professional development. The Company has formed a number of strategic alliances for content, services and distribution. CyberU is based in Santa Monica, California.