March 1st, 2005 – CLS forms strategic partnership with Government Capital Corporation.  Announces the Education Technology Fund to provide project financing for partner schools.

Creative Learning Systems has formed a strategic partnership with Government Capital Corporation.  As a result of this partnership, CLS and Government Capital have formed the Education Technology Fund to assist schools with project financing.  Partner schools will now have access to attractive financing options for purchases of Creative Learning Systems powerful learning platforms.  Most schools will be able to take advantage of low tax-exempt interest rates and terms of up to five years or more, making SmartLabs and other CLS learning environments more affordable then ever before.  A particularly attractive feature of the Technology Education Fund, is the ability for schools to defer payments for up to one year.  This enables schools to offer their students all the immediate benefits of a SmartLab, without any impact on the current year budget.

In announcing the Education Technology Fund, Matt Dickstein, CEO of Creative Learning Systems, said, “We recognize that affordability is a critical element in the decision to invest in a CLS learning environment.  With their proven track record in public finance, our strategic partnership with Government Capital will provide schools with flexible budgeting and planning options.  We are very excited to be able to offer this new service to our partner schools and believe it will enable many more institutions to benefit from our world-class learning systems”.