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Technology Stocks : eCollege going to IPO (ECLG)

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To: Frank Chu who wrote ()1/13/2000 9:26:00 AM
From: Steve Simmons   of 27
 
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: UNEXSUS UNIVERSITY

CDNX SYMBOL: LT

JANUARY 13, 2000

First-ever online Orientation Week underway

FREDERICTON, NEW BRUNSWICK--Unexus University Executive MBA
program begins classes as scheduled; Early adopters of Unexus
University's Internet-based Executive MBA begin classes on Jan.
17.

Students of Unexus University, the world's first private,
Internet-based, degree-granting university, are participating this
week in the first-ever virtual Orientation Week in preparation for
the Jan. 17 start of Unexus's inaugural program, the Executive
Master of Business Administration (eMBA).

Unexus University's online eMBA program, a 2.5-year program
targeted at managers in the advanced technology and information
technology sectors, is providing its first students with an online
Orientation Week that includes introductory information about the
program, as well as ways for students to connect with faculty
members and other students.

"We are extremely pleased to welcome our first set of eMBA
students," said Michael Gaffney, president and CEO of Learnsoft
Corporation, the Ottawa-based company which owns and administers
Unexus. "We hope the Orientation Week that we have organized
enables students to comfortably ease into the start of the
program."

A dozen early adopters from such high-profile companies as Nortel
Networks, Maritime Tel & Tel, Cisco Systems, GE Capital, and
Atomic Energy of Canada are participating in the Orientation Week
and will go on to start classes next week.

"We are excited about the launch of our inaugural class and look
forward to communicating the benefits of online education to the
more than 25,000 individuals and potential students that have
called us or visited our Web site," said Gaffney.

"Orientation Week allows the students to get accustomed to their
online working environment, and it helps facilitate communication
- which is critical to the educational success of the students,"
said Gaffney. "Much of the work in the eMBA is done in groups. By
familiarizing themselves with other students before class begins,
students can build a rapport and start to build their teams."

Students logging onto the Orientation Week site can correspond
with other students or staff via threaded discussions groups,
online synchronous chat, e-mail, and voice-over IP. Students can
even log onto a "Virtual Pub" discussion group and socialize with
each other.

The Orientation Site hosts the students' first mini course on such
topics as ethics, the nature of management, and how organizations
function. Students complete various readings and activities based
on themes set each day. Students can also get practical
information on how to use the Unexus online system, including how
to submit assignments and get technical support. As well, the site
provides students with advice on how to succeed academically, and
successfully manage an online education.

The eMBA students begin class on Jan. 17 with an interactive
Financial Accounting course that runs until Feb. 25. Other courses
on a variety of topics, including Principles of Economics in the
Knowledge Economy, Technology Marketing Strategy and Electronic
Commerce, follow.

"The students who have signed on for the first Unexus eMBA are
trend-setters prepared to forge into new territory," said Gaffney.
"We are confident that we will be able to exceed the expectations
of our current and future students in terms of course quality and
delivery."

About Unexus

Unexus University is the world's first private, Internet-based,
degree-granting university. Based in Fredericton, New Brunswick,
Unexus University is owned and run by Learnsoft Corporation (CDNX:
LT), a world leader in designing and delivering management
training programs with an emphasis on the advanced technology
industry. Unexus University was launched in fall of 1999. The
university provides its students with access and support 24 hours
a day, 7 days a week. Most of its course material, textbooks and
classroom sessions are Internet-based, with students logging on at
their convenience. More information on Unexus University is
available on the Internet at www.unexusu.com.

The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

-30-

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