Lou Pugliese Named Chairman of the Board at Regent.

Frederick, MD, September 8, 2006 – Regent provides software solutions exclusively for higher education institutions, where it is a leading provider of Financial Aid Management Software. Regent today announced that Lou Pugliese has joined the company as Chairman of Board and stakeholder in the company.

Pugliese is president of Learning Diagnostics Inc. (LDI), an education holding company and consulting organization that provides assistance to Fortune 500 organizations involved in education enterprise. Prior to LDI, he held several senior executive positions including CEO of Blackboard Inc., a leading provider of enterprise software and services serving more 3,600 institutions to the education industry; Educational Testing Services; Scholastic Inc.; and Turner Education Services. Pugliese also served as an Entrepreneur In Residence at Novak Biddle Venture Partners.

Pugliese is a noted international speaker on technology innovation in education and has addressed a wide range of issues in education and education policy. Pugliese is active in the Washington, DC regional and national technology community and serves on the numerous local and regional boards in education and software related businesses.  A highly accomplished senior executive and a well-known figure in the Education industry, Pugliese will assist the Company in the development of overall business strategy, sales and marketing and lead the process for a major market expansion.

"Lou has a successful track record of getting broad traction for new products in the Higher Education market", stated Michael Ratti, Regent’s CEO. "Lou is just another validation of our strategy and purpose to become the category brand leader for financial aid software solutions for the Higher Ed market", added Ratti. 

"With outstanding technology and an impressive list of customers, the Regent Company is poised to become the market leader for financial aid delivery solutions for higher education", said John Martinson of Edison Venture Fund. "Significant shifts in U.S. demographics have created opportunities for the private sector in the education industry on a scale not seen since for-profit companies began to transform the healthcare industry 30 years ago. Financial Aid Management Delivery Solutions represent the most mission critical information technology systems for the market expansion" added Martinson.