VCMP VCampus Corporation (CE)

VCampus Corporation (OTCBB:VCMP.OB), owner of Prosoft Learning and the CIW certification, today announced that U.S. veterans can now use their Department of Veterans Affairs (VA) education benefits to cover CIW (Certified Internet Web Professional) examination fees for 12 various CIW certification exams. The VA education benefits are effective retroactively to June 1, 2005. Veterans eligible for benefits through the Montgomery G.I. Bill (Chapter 30), the Veterans Educational Assistance Program (Chapter 32), and the Survivors' and Dependents' Educational Assistance Program (Chapter 35) can submit proof of their exam results and fee payment to the VA for reimbursement of the CIW exam fees, currently $125 per exam. Eligibility applies regardless of the number of exams taken or retaken, and includes exams taken for certification renewal and those taken in foreign countries. The benefit is still valid even if an individual does not pass the exam. The CIW exams are part of CIW's comprehensive Information Technology (IT) training and certification program focused on Web technologies and specific job roles, with vendor-neutral knowledge and skills covering multiple hardware and software platforms and vendors. "CIW certification can offer thousands of veterans new opportunities by validating the IT skills they need to compete in today's job market," said Nat Kannan, chairman and CEO of VCampus. "With more than 80,000 CIW certificate holders worldwide, U.S. veterans can assert their value by proving they have the skills employers require. The Internet has become a part of everyday life throughout the world, so employers need workers who have strong Internet technology skills and knowledge. CIW helps employers to ensure they hire the best talent available. As one of the few IT certifications approved by the VA for education reimbursement, CIW again proves its worth as a job-role certification program." VCampus also serves veterans through its contract with Amer Technology Inc. to support VA Learning Online (VALO). Under this multiyear contract, VCampus provides an online learning environment that makes courses, including VCampus' certification preparation and other courses from its library, readily available to approximately 225,000 VA employees at all VA locations. Under the terms of the VALO contract, VCampus has the right to expand the audience for the courses that are provided to include volunteers, medical residents, and veterans who are engaged in official VA programs. VCampus estimates that this expanded audience for VCampus' services is in excess of 450,000 people. For more information about VA reimbursement, CIW certifications and training options, visit http://www.CIWcertified.com/VA. Veterans can visit www.gibill.va.gov for information about all VA benefits. In 2005 alone, the VA helped pay for the education or training of more than 336,000 veterans and active-duty personnel, 87,000 reservists and National Guard troops and 74,000 survivors. VA education programs, which pay eligible veterans up to $1,034 a month while they are attending school, are a key inducement the military uses to entice recruits. More than 500,000 veterans and eligible dependents use VA education benefits. About VCampus(R) VCampus Corporation (OTCBB:VCMP.OB), a provider of end-to-end 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(R) Program, VCampus publishes training content for online delivery to enhance and support professional certification programs. With more than a decade of e-learning experience, VCampus has delivered more than 3 million courses to more than 1 million desktops/users in professional credentialing and certification organizations, associations, non-profits, corporations, government agencies and higher education institutions. VCampus distributes a courseware library of more than 3,800 Web-based courses. VCampus Corporation is headquartered in Reston, Virginia. 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. About Prosoft Learning, a VCampus Company Prosoft offers content and certifications to enable individuals to develop and validate critical Information and Communications Technology (ICT) workforce skills. Prosoft is a leader in the workforce development arena, working with state and local governments and school districts to provide ICT education solutions for high school and community college students. Prosoft has created and distributes a complete library of classroom and e-learning courses. Prosoft distributes its content through its ComputerPREP division to individuals, schools, colleges, commercial training centers and corporations worldwide. Prosoft owns the CIW job-role certification program for Internet technologies and the CCNT (Certified in Convergent Network Technologies) certification, and manages the CTP (Convergence Technologies Professional) vendor-neutral certification for telecommunications. To learn more, visit www.ProsoftLearning.com, www.ComputerPREP.com, www.CIWcertified.com and www.CTPcertified.com. Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact are forward-looking. Without limiting the foregoing, references to future growth or expansion or scheduled product launch dates are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "plan," "may," "might," "should," "will" and "would," and other forms of these words or similar words, are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. There might be events in the future that we are not able to predict accurately or control, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (1) our history of losses, projection of future losses and our need to raise additional capital; (2) market acceptance of our new and future products; (3) uncertainties regarding the successful implementation of our Select Partner Program or the timely release of products; (4) uncertainties regarding ability to achieve growth organically or otherwise and to consummate and integrate any acquisitions, including Prosoft; (5) growing competition; and (6) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk and Uncertainties" in our Annual Report on Form 10-K for the year ended December 31, 2005, and other SEC filings.