Lansbridge University Partners With Chain-E Co. Ltd. to Market Degree Programs in Asia

Business Wire, March 22, 2001

Business Editors

FREDERICTON, New Brunswick--(BUSINESS WIRE)--March 22, 2001

(CDNX:LT)

Online university continues push into Asia by partnering with Taiwan-based human resources development consultancy.

Lansbridge University, one of the world's first private, online, degree-granting universities, announced today that it has signed a partnership agreement with Taiwan-based human resources development consultancy Chain-E Co. Ltd. to market Lansbridge's degree programs to students in Taiwan and mainland China.

Under the partnership agreement, Chain-E will aim to recruit at least 30 new Lansbridge eMBA and MBA students annually for the next two years from Taiwan, and eventually China, to complement the 11 students Lansbridge already has from Asia.

"This partnership agreement with Chain-E is a key addition to building our global partnership strategy for marketing Lansbridge University," said David Large, dean of business programs for Lansbridge University. "Chain-E well complements the existing recruiting network of the Arthur D. Little School of Management in the USA, Synphonix in the United Kingdom and Europe, karROX Technologies Ltd. in India, and Stamford College in Malaysia."

Lansbridge University was founded 18 months ago as an Internet-based university delivering flexible, affordable and market-driven management education focused on the fast economy. It offers an online Master of Business Administration (MBA) program in three models: an Executive MBA (eMBA), a joint Executive MBA and Master of Science in Management (eMBA/MSM), and a part-time MBA. Lansbridge now has a total of 92 students enrolled in the three models of its MBA program.

"Lansbridge University's eMBA and MBA programs have great market competitiveness in Taiwan," said Yoyo Chiang, CEO of Chain-E Co. Ltd. "The programs can provide our candidates with the high-tech knowledge management and global views that they cannot get from local schools.

"The next decade in Taiwan will see a very important changeover due to globalization. We need to embrace the rapid knowledge economy in order for Taiwan to build its position as an economic power in Great China and the rest of the world. Moreover, the strength of online education is that it allows students to choose the best education available, no matter where they are located."

About Lansbridge University

Lansbridge University is one of the world's first private, Internet-based, degree-granting universities. Based in Fredericton, New Brunswick, Lansbridge University is owned and run by Learnsoft Corporation (CDNX: LT), a world leader in designing and delivering Internet-based learning systems and courseware. Lansbridge University was launched in the fall of 1999. Classes for its first program, the Executive Master of Business Administration (eMBA), began on Jan. 17, 2000. Lansbridge now has a global network of academic and enrollment partners, including the Boston-based Arthur D. Little School of Management, with whom Lansbridge offers a joint eMBA/MSM. The university also offers a part-time MBA program. More information on Lansbridge University is available at www.lansbridge.com.

About Chain-E Co. Ltd.

Chain-E Co. Ltd. is a professional human resources development consultancy based in Taipei, Taiwan. The company was established last year by three renowned university professors with business, education and IT backgrounds. There are currently two major business lines. The first is eatjob.com, which does career matching for individuals and companies in Taiwan and mainland China. The company's other business line is the Global Distance Learning Institute, which provides clients with education consultation, including enrollment of distance learning students in Taiwan and mainland China for third party colleges and universities outside these areas. Chain-E's goal is to become one of the most integrated human resources development consultancies in the Great China area.

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