LearningPoint Awarded Idea Foundry Transformation Fellowship

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Award includes $100,000 in cash and $75,000 worth of consulting support. Company will use investment to accelerate launch of its new rapid e-learning solution called CollaborateT.

LearningPoint, a provider of e-learning technology solutions, announced today that it has received a $175,000 Transformation Fellowship from Idea Foundry. The Fellowship consists of $100,000 in cash and $75,000 worth of consulting support. The award will be used to accelerate the launch of the company's new rapid e-learning development solution called CollaborateTM.

Collaborate puts the power to build custom e-learning courses into the hands of the average person. By combining simple user-interfaces, a proprietary Knowledge Object Library and web access, Collaborate reinvents custom course creation in the same way that PowerPointTM reinvented custom slide creation.

"I was impressed with the flexibility and ease-of-use of Collaborate" said Jeryl Schreiner, Managing Director of Idea Foundry. "I am very interested in using technology to aid in the sharing of knowledge and see that LearningPoint is poised to bring that capability to the masses." Mike Matesic, Chief Executive Officer of Idea Foundry added "We see great potential for Collaborate to impact the e-learning space and turn LearningPoint into a success story for the region."

"We are very excited to have Idea Foundry on board to help launch Collaborate into the marketplace" said Kevin Orzechowski, President and CEO of LearningPoint. "We see their commitment, as further validation of the direction our company is heading and the potential for us to successfully reinvent the e-learning industry."

About LearningPoint
LearningPoint, LLC is an e-learning technology company that provides products and services to help companies build and deliver custom e-learning. Customers use the web-delivered custom courses for a variety of purposes, including employee training, product instruction, and customer marketing. For more information about LearningPoint, visit http://www.mylearningpoint.com or call 412-877-8590.

About Idea Foundry
Idea Foundry -- a not-for-profit 501(c)(3) founded in 2002 to fill the regional gap between innovative business ideas and viable technology start-up businesses -- has helped its 33 portfolio companies in creating nearly 200 jobs to date through its support services, mentoring, and financing programs.

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KEVIN ORZECHOWSKI
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