ELM Resources Achieves Milestone in School Implementations.

Completes 2,000(th) School Implementation of Its Flagship Service ELMNet

OAKLAND, Calif. -- ELM Resources, a leading provider of technology products and services to the higher education financial aid industry, today announced that it has reached and surpassed 2,000 successful school implementations of its data exchange solution ELMNet, ELM Resources' industry leading lender-neutral data exchange. For 13 straight years, ELM has experienced a year to year increase in new schools. In 2006, ELM added over 300 new school campuses. This year ELM is on pace to exceed the 2006 new school results with its open and lender-neutral products and services.

ELM was able to attain this milestone by using a time tested implementation process that includes deploying a rapid response team of key ELM service and training personnel which is dedicated to ensuring a smooth and coordinated transition to ELMNet and ELM NDN, ELM's loan disbursement service. As a result, ELM is able to implement over 40 new schools a month and experience 100% success on all SIS/FAM integration projects for schools.

"We work closely with a school throughout the on-boarding process in order to achieve a high quality execution which is the key to successful implementation," said Maria Alvarez, Chief Operations Officer and Senior Vice President of ELM Resources. "With the experience that comes with successfully implementing 2,000 schools, we can quickly and efficiently complete a new ELMNet or ELM NDN roll out at anytime of the year including peak. The experience and knowledge of the ELM staff translates into fewer than 15% of new schools needing to go through a testing process with ELMNet before going into production."

"One of our biggest concerns with moving to ELM or any other servicer was the implementation process. However, we could not have had an easier, smoother, quicker implementation into ELM," said Erica Cummins, Assistant Director of Financial Aid for Connecticut College. "We could rely on them to give us a quick response to all questions along the way. We stayed on target with our live date. Since going live, we have continued to receive excellent service from our ELM team."

"Our single minded focus on delighting our schools greatly contributed to our attaining 2,000 implemented school customers," said Jeffrey Connors, CEO and President of ELM Resources. "Moreover, our typical high customer satisfaction ratings of 90 percent and greater in the Excellent and Very Good categories demonstrate the commitment we have in maintaining our service levels."

About ELM Resources

ELM Resources began in 1994 and is the only not-for-profit mutual benefit corporation serving the student loan industry today. ELM provides a common, non-proprietary and open data exchange and disbursement system that seamlessly links the diverse computing platforms of schools, lenders and guarantors while providing real-time loan inquiry to borrowers. Over 2,000 campuses use ELM Resources to send and receive loan data from FFELP and alternative loans with the lender or guarantor of their choice. More information about ELM Resources is available at www.elmresources.com.