Cambium Learning Group, Inc. to Acquire Class.com For Approximately $4.5 Million In Cash

Cambium Learning Group, Inc.

announced today that the Company signed a definitive agreement to purchase the assets of Class.com, an industry-leading provider of online learning solutions that engage and inspire students and adult learners with innovative, media-rich courseware, for approximately $4.5 million in cash. The transaction is expected to close in October 2011, and is subject to the approval of Class.com shareholders. Founded in 1999, Class.com commercializes technology and delivers online courses for grades seven through 12 to schools around the country, and has been an innovator of online curriculum ever since. The courses reflect current learning sciences research and are updated on a regular schedule to integrate new content and technology that's relevant to today's youth.