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VCampus Awarded Contract by BearingPoint to Support Transportation Security Administration
[December 21, 2004]

VCampus Awarded Contract by BearingPoint to Support Transportation Security Administration

RESTON, Va. --(Business Wire)-- Dec. 21, 2004 -- VCampus Learning Management System to Deliver Training for Operation of the Transportation Worker Identification Credential Enrollment System

VCampus Corporation announced today that it has received a contract from BearingPoint, Inc. (NYSE:BE) to provide an e-Learning management system including automated testing, tracking and certification in support of Phase III of the U.S. Department of Homeland Security - Transportation Security Administration (TSA)'s Transportation Worker Identification Credential (TWIC) program. BearingPoint, Inc., one of the world's largest business consulting and systems integration firms, was awarded the prime contract from the TSA to develop and evaluate a prototype of the TWIC system in August 2004.

The VCampus Learning Management System (LMS) will initially be used during the prototype phase to train, and test individuals responsible for issuing the credentials. VCampus LMS will also provide for an online course evaluation survey.

The TWIC program aims to increase security at seaports, airports, railway, pipeline, trucking, and mass transit facilities by creating a nationwide credential that will make it more difficult for unauthorized people to gain access to secure areas. The TWIC itself is a tamper-resistant credential that can be used to allow each transportation facility to verify the identity of its workers.

The goal of the seven-month prototype is to analyze the administrative and business processes involved in collecting transportation worker data, issuing credentials, and studying the day-to-day use of the cards. In the prototype, up to 200,000 workers from maritime, rail, aviation and ground modes of transportation are expected to participate at 34 sites in three regions of the country.

It is expected that the VCampus system will be operational for the TSA in January 2005.

About VCampus(R)

VCampus Corporation (NASDAQ:VCMP), a provider of end-to-end e-Learning services, helps organizations that offer professional certifications and credentials unlock the value of their traditional branded course content. Through its innovative Select Partner(TM) Program, VCampus repurposes value-added training content for online delivery to enhance and support professional development programs. The Select Partner Program provides custom course development, publishing, hosting, e-commerce, reporting, account support and marketing services. With over a decade of e-Learning experience, VCampus has delivered 2.8 million courses to 835,000 desktops/users in associations, non-profits, corporations, government agencies and higher education institutions. VCampus distributes a courseware library of more than 4,500 web-based courses. VCampus Corporation is headquartered in Reston, VA. For more information, call 800-915-9298, or visit the VCampus Web site at "VCampus" is a registered trademark and "Select Partner" is a trademark of VCampus Corporation. All other registered trademarks or trademarks mentioned are the property of their respective holders.

This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact are forward-looking. Without limiting the foregoing, references to future growth or expansion or scheduled product launch dates are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "may," "might," "should," "will," and "would" and other forms of these words or similar words are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations contain projections of our future results of operations or of our financial position or state other forward-looking information. There might be events in the future that we are not able to predict accurately or control, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (1) our history of losses, projection of future losses and our need to raise additional capital; (2) market acceptance of our new and future products; (3) uncertainties regarding the successful implementation of our Select Partner Program or the timely release of products; (4) growing competition; and (5) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk and Uncertainties" in our Annual Report on Form 10-K for the year ended December 31, 2003, as amended, and other SEC filings.

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