FAME and Regent Form Strategic Alliance

Partnership creates market's first 100% Web-based ERP solution for career college market.

Frederick, MD (Vocus) June 12, 2007 -- Regent Education (www.regenteducation.com), the leading provider of financial aid software solutions for higher education institutions, today announced it has formed a strategic alliance with FAME (www.fameinc.com), the leading provider of full-service management and processing of Federal financial aid programs and school administrative software for over 1,000 career schools and colleges.

The partnership will focus on integrating the FAME Advantage (Student Information System) with Regent's financial aid software (www.regenteducation.com) for schools that wish to process their federal funding in-house. This new solution will offer a powerful, 100% web-based, open standards Student Information System (SIS) designed specifically for the For Profit college market.

The Advantage solution's multi-tier architecture will provide an affordable system that can scale to support small and large multi-site and online campuses. Advantage automates the entire administrative process to track students from inquiry to graduation to job placement.

"With the addition of the Regent financial aid software, FAME (www.fameinc.com) will be properly positioned to offer our customers a complete and comprehensive set of SIS modules that are 100% web based," stated Cid Yousefi, FAME's Executive Vice President. "We are very excited about this partnership and to be able to deliver a more robust solution to our customers."

"Financial aid is an extremely complex regulated business process. Regent's financial aid module automates this process in an easy to implement, easy-to-use package," stated Mike Ratti, Regent's CEO. "Customers will see an immediate benefit from The FAME Advantage offering that incorporates the Regent financial aid engine by streamlining processes and helping the for-profit college market manage ever-changing compliance issues. We are very excited to partner with FAME and its customers in delivery of this exciting new ERP offering."

About Regent

Regent is a leading provider of financial aid management software solutions for higher education institutions. Its highly functional, affordable, off-the-shelf solutions are designed to interoperate with and enhance existing ERP systems, while enabling institutions to realize a positive, quantifiable ROI in the same fiscal period they are deployed. Regent automates key processes such as packaging, awarding, tracking and disbursements. Built with financial aid offices in mind, Regent enables users to gain access to actionable information, anytime and anywhere. Regent Education is located at: 4650 Wedgewood Blvd., Suite 104, Frederick, MD, 21703. Telephone: (800) 639-0927. Web site: www.regenteducation.com.

About FAME

Since the founding of the company in 1978, FAME has become the largest financial aid servicing company in the nation and provides administrative software solutions to the post-secondary school industry. FAME provides school management software, a full range of federal financial aid services and student loan management for over 1,000 institutions nationwide. Web site: www.fameinc.com.

Contact:                         

Maggie Laabs

Marketing Manager

240-215-6176

# # #