April 26, 1999

NEW JERSEY INSTITUTE OF TECHNOLOGY TEAMS UP
WITH CORPORATE UNIVERSITY XCHANGE, INC.
FOR DISTANCE LEARNING

NEWARK - April 26, 1999 - New Jersey Institute of Technology today announces a strategic new marketing agreement that will deliver one of its most popular distance learning programs directly into the offices of hundreds of major corporations.

      Beginning this month, the Manhattan-based Corporate University Xchange, Inc. (CUX) will market NJIT's Webmaster Certificate 2000 program directly to its more than 1,000 member companies.

      "NJIT has long been a leader in distance education, and continues to break new ground with programs that incorporate the pedagogical and technological advances in this important area of higher education," said Gale Tenen Spak, Associate Vice President for Continuing and Distance Education. "This is a tremendous opportunity for NJIT to share that expertise with the nation's business community."

     The program will be delivered via the web and CD-ROM to CUX members at a discounted fee. The distance learning platform in use is IBM's Lotus LearningSpace, which is accessible either from company's intranets or via an internet browser. CUX will also produce a conference for the community of webmasters who attend the NJIT program.

     "Our partnership with NJIT represents a significant step forward for us because we're expanding from our base of research, events and consulting into a new line of business, and entering an already familiar market as a provider of world-class on-line certificate programs," said Jeanne Meister, president and founder of Corporate University Xchange.

     The NJIT WebMaster certificate program, described on www.njit.edu/cpe/webmaster, is composed of three on-line modules: Web author certificate; Web developer certificate; and Web site manager certificate. The program also gives graduates the option to join a webmaster association and receive new content on a quarterly basis, and to attend live events produced by Corporate University Xchange.

     NJIT is a recognized national leader in the delivery of distance-based education. Ranked the No. 1 "most-wired" public university in the nation by Yahoo! Internet Life magazine, the university is one of only three universities to consistently rank in the top ten "wired" schools; it was ranked the #6 "best buy" among all U.S. science and technology schools in the most recent survey by Money Magazine; and is a founding and active participant in Governor Christie Whitman's New Jersey Virtual University initiative.

     Corporate University Xchange, Inc. is a New York City-based corporate education research and consulting firm that assists organizations in optimizing their training resources through consulting engagements, research, conferences, and a variety of media, including the newsletter Corporate Universities International, a web site (www.corpu.com) and more.

     Corporate University Xchange is led by Jeanne C. Meister, an internationally recognized expert on corporate universities and the author of Corporate Universities: Lessons In Building A World-Class Work Force (McGraw-Hill, 1998).

     NJIT is a public research university enrolling nearly 8,200 bachelor's, master's and doctoral students in 76 degree programs through its five colleges: Newark College of Engineering, School of Architecture, College of Science and Liberal Arts, the School of Management and the Albert Dorman Honors College.

     Through its Division of Continuing Professional Education, each year several thousand working professionals experience education and training of immediacy and currency in ways, such as through distance learning, which emphasize convenience and flexibility. The university's research initiatives include manufacturing, microelectronics, multimedia, transportation, computer science, solar astrophysics, environmental engineering and science, and architecture and building science.