VCampus and CFA Institute Release Online Course to Support New Global Certification Training Program; The CGIPS Program Targets Investment Professionals Worldwide Working in the Field of Performance Evaluation and Presentation.

RESTON, Va. -- VCampus Corporation (NASDAQ:VCMP), a provider of comprehensive Web-based publishing and hosting services for organizations that develop, maintain, and administer professional certifications, today announced the launch of CGIPS Principles, an interactive, Web-based course designed to help investment professionals prepare for the Certificate in Global Investment Performance Standards (CGIPS(TM)) Principles examination, the first of two examinations in the new CFA Institute CGIPS Program.

CGIPS Principles is the latest offering made available through VCampus' innovative Select Partner(TM) Program and was jointly developed with CFA Institute, the 79,000-member, non-profit professional association that administers the CGIPS and Chartered Financial Analyst(R) (CFA(R)) curriculum and examination programs worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry.

The online CGIPS Principles course is part of a flexible, self-study curriculum that allows investment managers and consultants, GIPS verifiers, compliance officers, regulators, performance measurement software developers, and other professionals to customize their study around work schedules and various learning styles. The course emphasizes the investment tools and inputs necessary for performance measurement, attribution and appraisal, as well as the GIPS standards.

CFA Institute developed the CGIPS program to meet the industry's demands for a professional credential for qualified investment performance practitioners. The CGIPS designation will be used by clients and firms alike to measure investment performance expertise around the world. For the individual investment professional, the certification offers career credibility and recognition; and for the firm, certification provides assurance that CGIPS practitioners have the relevant technical and ethical skills to help gain a competitive edge.

"The CGIPS program is a direct response to the investment performance community's growing demand for professional excellence," explained Philip Lawton, CFA, director of the CGIPS program. "Our experience with VCampus and its Select Partner Program has been very positive and we are extremely pleased with the quality and features of the CGIPS Principles course. The course provides a solid foundation in preparation for the CGIPS Principles examination and offers tremendous flexibility for busy professionals seeking the CGIPS designation."

"Our partnership with CFA Institute marks a major milestone for VCampus and our Select Partner Program, and we are thrilled to be working with such a prestigious organization. CFA Institute recognizes the value and flexibility that online learning adds, and we are pleased to be playing such a pivotal role in the launch of the new CGIPS program," explained Nat Kannan, Chairman and CEO of VCampus. "We are excited about the future and looking forward to a long and mutually rewarding partnership."

CFA Institute, which for more than 40 years has managed and administered the rigorous CFA Program, will offer two sequential levels of examination toward the CGIPS designation: Principles and Expert. The Principles exam will test candidates on the CFA Institute Code of Ethics and Standards of Professional Conduct, performance evaluation fundamentals (including rudimentary attribution analysis), and the provisions of the GIPS standards. The Expert exam will cover the CFA Institute Code and Standards, advanced performance analysis techniques, and the GIPS standards and guidance statements. Each exam will be computer-based and three hours in duration. CFA Institute plans to make the first Principles exam available in March and April 2006 and the first Expert exam in September and October 2006. VCampus expects the online CGIPS Expert course, which will help individuals prepare for the Expert exam, to be available in May 2006.

Upon completion of both exams and having met other requirements, candidates will receive a certificate and the right to use the CGIPS designation for three years. Other requirements include having at least two years of professional experience in a performance-related position, agreeing to adhere to a professional conduct program, and joining the CGIPS Association. To retain the designation, certificants must be a CGIPS Association member in good standing, continue to comply with the Professional Conduct Program and meet the professional development requirements

The fee for first-time candidates is $975 per level (which covers enrollment, the CGIPS Principles curriculum, including the courseware, and one exam seating) and $500 to retake either exam. Exam results are expected to be available online within 60 days from the end of each exam window. To view a course demo and to enroll, visit www.cfainstitute.org/cgips.

About CFA Institute

CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst(R) (CFA(R)) curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. In addition to the CFA program, CFA Institute also develops and manages global standards for investment professionals such as the Asset Manager Code of Professional Conduct, Trade Management Guidelines and the Global Investment Performance Standards(R) (GIPS(R)). The GIPS standards were most recently revised in February 2005.

CFA Institute has nearly 80,000 members in 124 countries. Its membership includes the world's 67,000 CFA charter holders, as well as 131 affiliated professional societies and chapters in 52 countries and territories. More information may be found at www.cfainstitute.org or by calling 1-800-247-8132 or 1-434-951-5499 in the U.S., 44-207-712-1719 in London or 852-2868-2700 in Hong Kong.

About VCampus(R)

VCampus Corporation (NASDAQ:VCMP), a provider of comprehensive e-Learning services, helps organizations that offer professional certifications and credentials unlock the value of their traditional branded course content. Through its innovative Select Partner(TM) Program, VCampus repurposes value-added training content for online delivery to enhance and support professional development programs. The Select Partner Program provides custom course development, publishing, hosting, e-commerce, reporting, account support and marketing services. With over a decade of e-Learning experience, VCampus has delivered 3.0 million courses to 950,000 desktops/users in associations, non-profits, corporations, government agencies and higher education institutions. VCampus distributes a courseware library of more than 3,400 web-based courses. VCampus Corporation is headquartered in Reston, VA. For more information, call 800-915-9298, or visit the VCampus Web site at www.vcampus.com. "VCampus" and "Select Partner" are registered trademarks of VCampus Corporation.

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