vcampus.
Operations management (OM) consulting
contributed more than half of the management consulting industry's growth
for 2004, according to Operations Management Consulting 2005-2008: Key
Data, Trends & Forecasts, a report released this week by Kennedy
Information, Inc .

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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 . "But time-to-market pressures across several key industries
are creating higher demand for expertise that can help link product
development, sourcing, and sales.

PMI Global Congress 2005 - EMEA Comes to Edinburgh Scotland

The three-day event will offer
unparalleled learning opportunities, access to professional tools and
resources, and be a key networking platform for high quality
development of the profession in the region.

gpm project

NCMA and VCampus Announce Launch of Online Federal Certification Preparation Course Targeting Government Contractors and Federal Contract Managers

Data from a 1999 report from the U. "As the landscape of government contracting
continues to change, NCMA is committed to being the central resource
for professional development information and certification," said Neal
Couture , CPCM, Executive Director of NCMA.

PMI sets industry standards, conducts
research and provides education, certification and professional
exchange opportunities, designed to strengthen and further establish
the profession. PMI advances the careers of practitioners, while
enhancing overall business and government performance through
documentation of return on investment.

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Satisfactory completion of the course earns 18
CPEs toward recertification, which is required once every five years. Since its
inception in 1982, approximately 6,000 people have received the
Federal certification ."
For more information about the NCMA Online Education Center,
course demos and a complete listing of available courses, visit
www.com/ncma

About the National Contract Management Association (NCMA)

Representing more than 17,000 contract management professionals,
the National Contract Management Association (NCMA) provides a forum
to enhance knowledge and leverage business opportunities .

While the compound annual growth rate for all types of OM consulting is
projected at 8% through 2008, the study found that the rate of growth for
consulting focused on the ends of the value chain -- R&D and product
development at one end, and customer interaction at the other end -- will
outpace that of supply chain management (SCM).
"PMI", "PMP", CAPM, the PMI logo and "Building professionalism in
project management" and "Making project management indispensable for
business results" are registered marks of the Project Management
Institute, Inc.

purchasing quantity

In the government, contract professionals bear extraordinary
responsibility for supporting these critical issues domestically and
around the world.

procurement purchasing

The Federal Module Certification Preparation Course is available
for $350 to NCMA members and $450 to non-members, with corporate
discounts available. Through its innovative Select Partner (TM)
Program, VCampus repurposes value-added training content for online
delivery to enhance and support professional development programs. In addition to in-depth profiles of the profession's
leaders , Operations Management Consulting 2005-2008 presents OM consulting
market size data by key industry practice sectors, four geographic regions,
and key service sub-segments, with growth forecasts through 2008 for each.pmi.

competence establishes

NCMA serves those who
work in specialized areas including contracting, acquisition ,
purchasing, procurement, and project management in public and private
sectors, providing them industry news, publications, and educational
offerings. This is evidenced, as well, by the growth of our
membership and the increased number of practitioners seeking project
management certification across Europe, the Middle East and Africa.

tasks spearheads

Issues such as OMB Circular A-76, Sarbanes-Oxley, SEC SAB101
revenue recognition, homeland security and the war on terrorism are
making contract management successes and challenges front page news.9 million courses to 920,000 desktops/users in
associations , non-profits, corporations, government agencies and
credentialing organizations.ConsultingCentral . The escalating importance of effective project
management within business, government and other organizations also is
apparent across Europe, with nearly 10 percent of PMI's membership
residing in the region. and allpm.com, and Microsoft.
Registration for the Congress is currently open, and the deadline
for advance registration is 9 May 2005, after which on-site fees will
apply.org

About PMI

Project Management Institute (PMI), with more than 150,000 members
in over 150 countries, is the world's foremost authority for the
project management profession.

projektmanagement professionalism

org

About VCampus(R)

VCampus Corporation (NASDAQ:VCMP), a provider of comprehensive
e-Learning services , helps organizations that offer professional
certifications and credentials unlock the value of their traditional
branded course content. The
Select Partner Program provides custom course development , publishing,
hosting, e-commerce, reporting, account support and marketing
services. For more information, call 800-915-9298,
or visit the VCampus Web site at www. The company publishes proprietary research reports on a wide range of
topics including The Global Consulting Marketplace and Benchmarks in
Management Consulting; the analytical news services Consultants News,
Global IT Services Report , and Management Consultant International; as well
as Consulting magazine and The Directory of Management Consultants. Long acknowledged as a leader in the project management
profession, PMI's growth worldwide has paralleled that of the
profession itself.pmi.

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"NCMA leads
the contract management profession and recognizes the significant role
that online learning plays in providing its members with the
information they need to ensure this success. Statements contained herein that are not statements of
historical fact are forward-looking.

wipm professionalism

government buys goods and services from more than 450 ,000 suppliers,"
said Nat Kannan, Chairman and CEO of VCampus Corporation. Founded in
1959, NCMA was formed to foster the growth and educational advancement
of its members and contracting professionals .com. 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.

"Increasingly complex supply chain management issues like global strategic
sourcing and procurement will keep SCM consultancy as the backbone of the
OM consulting market," said Brad Smith, VP of Research for Kennedy
Information .
"The EMEA Global Congress is a unique opportunity for project
management practitioners from every sector to elevate their levels of
knowledge, skills and expertise, and to network with colleagues from
throughout the region," said PMI's CEO, Gregory Balestrero.
Exhibitors include Artemis International , Business Management
Consultants, Deloitte, IIL-Europe, Ltd.

icec confederation

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.com ."
PMI Global Congress 2005-EMEA will be held at the Edinburgh
International Conference Centre + Sheraton Grand Hotel in Edinburgh,
Scotland.

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"Online learning is a great
way for today's busy contract professionals to access the
certification preparation, continuing education training and
professional development they need - anytime, anywhere - to be
prepared for the changes that lie ahead. For more information, visit the NCMA Web site at
www. VCampus Corporation is
headquartered in Reston, VA.

project consolidating

Business Editors
Global Congress 2005 - EMEA

BRUSSELS, Belgium----

World's Leading Project Management Organization Champions
Capability Development for Professionals in
Europe, Middle East and Africa (EMEA)

Project Management Institute (PMI(R)), the world's leading
not-for-profit advocacy association for the project management
profession, will hold its Global Congress 2005-EMEA in Edinburgh,
Scotland, from 23 to 25 May 2005. The Congress will bring together people, information and
resources from the project management profession for world-class
learning and networking opportunities among project management
practitioners , as well as government and business leaders.

tasks latvian

With over a decade of e-Learning experience, VCampus has
delivered 2. Kennedy
Information also produces conferences for thought leaders in consulting and
powers the Web portal, www.

latvian certification

"
"Never before have sound contract management processes been more
vital to the success of an organization especially given that the U.

PRESS RELEASE Operations Management Consulting Growth Shifts From Supply Chain Management to Ends of Value Chain

pmi reducing

Business Editors /Education Editors/Government Writers

RESTON, Va.S.vcampus.

reducing certification

With 18,000 members worldwide, NCMA's professional certification
and training programs are designed to elevate professional standards ,
enhance performance and distinguish those who demonstrate knowledge
essential to the successful practice of contract management. The program was revamped in 2003 to include
online, on-demand testing as well as new and improved certification
preparation materials including the online courses developed with
VCampus.

Kennedy Information is the leading information source on consulting since
1970 . "Business
executives in EMEA are investing billions of dollars in infrastructure
and capacity increases and, based on our survey data, they have
recognized the value of professional project management and are
integrating it into their respective organizations as a core
competency.

projektmanagement project

confederation latvian

Consulting Central

The report illustrates how leading consulting firms, steeped in such
traditional services lines as change management, business process
management, business process transformation, and reengineering, are
deepening their expertise to reflect the specific capabilities that address
client needs.
According to PMI's 2004 Global Thought Leadership Research Study,
European business executives overwhelmingly agree that "project
management is a valuable asset to my company," and 52 percent say they
plan to increase the utilization of project managers over the next few
years. In
addition, the Congress will focus on specific learning areas
including:

New Trends in Project Management

Globalization and Outsourcing

Project Management Maturity

Project Management in EMEA

Project Management in Specific Industries

Project Management and Leadership Skills

Social and Developmental Projects

Education and Certification

Sponsors of PMI Global Congress 2005-EMEA include Artemis
International, BAE Systems, HP Services, Business Management
Consultants, Deloitte, IIL-Europe , Ltd. For more information, visit
www.

certification estimating

NCMA expects to add additional courses to the
NCMA Online Education Center later this year.

This press release contains forward-looking statements within the
meaning of the federal Private Securities Litigation Reform Act of
1995.

icec a2z

Jointly developed with Reston, VA-based VCampus Corporation
(NASDAQ:VCMP), a provider of comprehensive e-Learning publishing and
hosting services to corporations, government agencies, associations
and credentialing organizations , the course prepares candidates for
the Federal Module of the NCMA Certification Program exam and earns
Continuing Professional Education credits (CPEs) toward satisfying
recertification requirements . Fueled by government
outsourcing mandates that are creating a growing need for certified
contracts managers in both the public and private sector, the contract
management profession is expected to hire at an above average rate
over the next 5-10 years. We look forward to working together with NCMA to
ensure the future success of their e-Learning initiatives. "VCampus" is a
registered trademark and "Select Partner" is a trademark of VCampus
Corporation. 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." In the process , notes Smith, new
opportunities for firms with competencies in customer relationship
management (CRM) and product design and development will drive growth.

agreements spearheads

----

Growing Competitive Sourcing Mandates Drive Private Sector Demand For
NCMA's Certification and Recertification Programs

The National Contract Management Association (NCMA), the
preeminent source of professional development for the practice of
contract management, today announced the availability of its online
Certified Federal Contracts Manager (CFCM) certification preparation
course, covering the Federal Contract Management Body of Knowledge
(CMBOK).vcampus. We've received very
favorable feedback about the course and registration momentum
continues to grow.

pmi procurement

The new course, available through the NCMA Online Education Center
(www. With the new program in place, NCMA anticipates a significant
increase in the number and rate of certification holders over the next
two years.S. 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, 2004 , as amended, and other SEC
filings.

confederation scea

Office of Personnel Management suggests that the market potential for
the CFCM and NCMA's other certifications approaches 200,000 potential
registrations with approximately 87,000 people in federal service jobs
directly related to contracting and procurement and similar estimates
for their private sector counterparts.com/ncma ), joins a robust curriculum of online courses
covering the General Business Contract Management Body of Knowledge
that prepares candidates for the General Business Module of the NCMA
certification program.ncmahq. VCampus distributes a courseware library
of more than 5,000 web-based courses.

About Kennedy Information, Inc., Microsoft, Niku, Planisware,
PMProfessional Learning, Primavera and SAP. To register online and for more information on PMI Global
Congress 2005-EMEA, please visit www.org
(C)2005 Project Management Institute, Inc.