Regent Education Teams with Edison Venture Fund.

Frederick, MD, September 7, 2006 – Regent Education, the category leader of financial aid management software for Higher Education today announced the completion of a $3.6 million investment from Edison Venture Fund. Edison is the Mid-Atlantic’s leading investor for expanding technology companies. The proceeds will fund the expansion of sales, marketing and product development.

"We are looking forward to Edison’s value added services and strategic counsel contributing to the Company’s long term success," commented Michael Ratti, Regent CEO. "Regent is well-positioned to become the brand leader for financial aid solutions for the Post Secondary Education market" added Ratti. Student financial aid is vital to all post secondary institutions. Loans and grants require extensive verification, compliance and administration. "Regent Education introduced the first web-based application and is poised for substantial growth," commented Gary Golding, Edison General Partner.

Gary Golding will serve on the Board of Directors along with Bill Donnelly an Edison Director Network Member and SVP of Business Development for Vocus. Lou Pugliese, former CEO of Blackboard, will serve as Regent's Chairman.

About Edison Venture Fund

Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $4 to 7 million. Edison typically serves as a sole or lead investor in financings up to $10 million. In addition to providing growth capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison's 15 investment professionals are based in three offices: Lawrenceville, NJ, West Chester, PA, and McLean, VA. Industry specialties include application software, communications, financial services, healthcare and pharmaceutical IT and electronics. Edison’s successes include Best Software, BTG, Dendrite, E-Transport, Gain Capital, Netegrity, MAPICS, Princeton Financial, Voxware and many information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $480 million under management and is actively making new investments.

Website: http://www.edisonventure.com

About Regent

With more than 30 years of financial aid software experience, Regent has become an industry-leading provider of financial aid management software. Regent’s web-based, easy-to-use solutions interoperate with and enhance any student information system. The result: greater efficiencies, error reduction, and the enhancement of service provided to students - all equating to a positive, measurable Return on Investment (ROI) within the first year. Regent software automates and streamlines key financial aid processes, such as packaging, awarding, tracking, reporting and disbursements. Designed and built for the financial aid and enrollment management community, Regent enables institutions to execute their financial aid strategy, and enables the 21st century student to access information - anytime, anywhere, any device, in any language. Regent Education is located at: 47 E. South Street, Suite 201, Frederick, MD 21701. Telephone: (800) 639-0927. Web site: www.regenteducation.com. For more information, email press@regenteducation.com.