ePath

400% Revenue Growth over 5 Years

NEW LONDON, CONNECTICUT, October 07, 2005 – ePath Learning, a leading provider of web-based, enterprise learning systems and services, has been named in Deloitte’s prestigious Technology Fast 50 program for Connecticut, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage revenue growth over five years from 2000–2004.

ePath Learning's increase in revenues of 400% from 2000 to 2004 resulted in a number 11 ranking in the Technology Fast 50 for Connecticut. The average increase in revenues among companies who made the Technology Fast 50 for this region was 36% percent.

To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Connecticut, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

ePath Learning is a single-source provider of Internet-based systems and professional services for enterprise training. The company has developed a leading, learning management technology that combines the features of a Learning Management System and a Learning Content Management System into an integrated, browser-based, easy to use, online service. Organizations can now collaboratively author eLearning courses, tests and surveys, while they seamlessly deliver and manage all their learning content – be it on-line, off-line or blended training.

“Deloitte’s Connecticut Technology Fast 50 companies have shown the strength, vision and creativity to succeed in today’s very competitive technology environment,” said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50. “Sustaining high revenue growth over five years is an exceptional accomplishment. We commend ePath Learning for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor ePath Learning as a Deloitte Technology Fast 50 winner."

“It is an honor for ePath Learning to be named the eleventh in Deloitte's Connecticut Fast 50 in our first year of eligibility,” said Dudley Molina, President, ePath Learning. “When one considers that last year ePath Learning was recognized as a Deloitte Rising Star, we see momentum that reflects the value our products bring to our customers.”

About ePath Learning

Drawing upon its deep experience and expertise within the custom courseware development industry, ePath Learning stands alone as a single source provider for affordable eLearning solutions. The Company’s strategy is to deliver the technology platform of convergence that is a unique blend of LCMS architecture with critical LMS functionality, resulting in a solution that delivers the best of both technologies via its browser-based, easy-to-use, native ASP delivery model. The company’s flagship product, ePath Learning ASAP, is one of the first eLearning solutions to combine the power of a database management system, the global reach of the Internet and the ease of use of browser-based software. ePath Learning, Inc. is headquartered in New London, Connecticut. For more information, visit www.ePathLearning.com

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

As used in this document, “Deloitte” includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.