EVCI Subsidiary Celebrates Grand Opening of Queens Campus.

Business Editors

YONKERS, N.Y.--(BUSINESS WIRE)--Dec. 17, 2001

Interboro Institute, a wholly-owned subsidiary of Educational Video Conferencing, Inc. (Nasdaq:EVCI; PCX:EVI; BSE:EVI), recently celebrated the grand opening of its Flushing campus. The revenue from Interboro's site in Flushing has exceeded industry standards for the initial year of student enrollment and achieved profitability in its first full semester of operation.

While many post secondary education institutions experienced a decline in enrollment following the tragedy of September 11th, Interboro Institute saw and continues to see an increase in enrollment at both its Manhattan and Queens campuses. "This testifies to the strength and depth of our institution and the quality of our management decisions in working with our student population," according to Dr. John J. McGrath, President of EVCI.

Interboro, a degree granting business college, opened the center earlier this year to provide a college education to an underserved population base in Queens, NY. Interboro Institute targets individuals from modest economic circumstances, who demonstrate the ability to benefit from a college education, including those without a high school diploma. Non-high school diploma students who pass a federally approved test, referred to as the Ability to Benefit Test, are given the CPAT (Careers Programs Assessment Test). Based on the results of the CPAT, Interboro evaluates the student's ability to study at a level required for successful completion of college. These students are eligible to apply for their GED when they successfully complete a prescribed sequence of 24 college credits. This unique market niche accounts for a significant portion of Interboro's success in generating revenue.

Stephen Adolphus, President of Interboro stated, "We feel it is vital to the revitalization and development of Queens, to encourage individuals to secure their college education. Many of our students qualify for full financial aid through state and federal grant programs sufficient to cover tuition and book costs without having to consider educational loans."

Dr. John McGrath, President of Educational Video Conferencing, Inc. was among the speakers who addressed students, parents, faculty and staff, representatives of the community and the print and television media. He said, "Interboro's new state of the art facility will further enable individuals in the Borough of Queens to acquire the skills needed to compete in today's highly specialized job market. The campus attracts students from many ethnic backgrounds. Many of our students originate from Asia, Africa, Latin America and Europe."

The 113 year-old Interboro Institute, a two-year college, offers occupational and skill-based training designed to lead directly to employment, or transfer to a four-year college. Interboro's curriculum includes six major courses of study leading to an associates' degree in occupational studies, namely accounting, business management, office technology, paralegal studies, security services and opticianry. The quality of its program offerings is evident by the fact that the college was cited recently as having the highest pass rate on the New York State Ophthalmic Dispensing Basic Practical Examination of schools providing this type of professional training.