1

Adults with Bachelor’sor Higher Degree

Adults without Bachelor’sor Higher Degree

Less Than 25% of U.S. Adults 25 and Older Have a Bachelor’s or Higher Degree

3

More Older Students…

28%

43%

0%

20%

40%

60%

80%

1970 2000

Percentage of College Students Over the Age of 25

U.S. Education Attainment 2007

Age 25+, ended with high school.

Age 25+, college degree not completed.

Age 25+, earned Associate’s degree.

8

Corporate Training & EducationNumber of Corporations Offering Distributed Learning Courses to Employees

• U.S. corporate business skills training market projected to reach $18.3 billion by 2006 (CAGR of 13.3%)

• Worldwide IT education & training market projected to reach $28.6 billion by 2006 (CAGR of 7.1%)

(a) Source: ThinkEquity Partners.

9

Corporate Training & Education

• Over 40% of Fortune 500 companies have implemented a corporate university

• As a point of reference, there are 3,700 postsecondary institutions in the U.S.

(a) Source: ThinkEquity Partners.

Corporate Universities Up Tenfold

10

Higher Education Landscape• 66+ million adults and more than 50% of all employed persons participate in some form of

continuing education

• 56% of the workforce, or 66 million people, is without an advanced degree

• Number of corporate universities skyrocketed from 400 in 1988 to over 2,000 today, including 40% of Fortune 500 companies

• More than 60% of corporate universities have alliances with institutions of higher education, increasing to 85% by 2003

• Executive education particularly salient in light of recent corporate scandals, with newfound interest in studying “good” corporate governance

(a) Source: ThinkEquity Partners.

11

E-Learning Works for Corporations• Custom multimedia learning saves 20% in the first year of implementation and 50% in

subsequent years

• E-learning produces a 60% faster learning curve than traditional instruction.

• Examples:

– Motorola: $1 spent on training yielded $30 in productivity gains over 5 years

– IBM’s Basic Blue management training e-learning initiative: 2284% ROI

– Omega Corporation:

• 100% improvement in hit ratio on sales calls

• Improvement of customer commitments from 33% to 93%

• Achievement of 50% of yearly sales goal in quarter after training

– Union Pacific Railroad:

• Increase in bottom-line performance of 35%+

• Implementation of new processes 12 months earlier than with traditional training

(a) Source: THINQ.