Gabelli created the prize in 2005 to honor an individual, student,
or practitioner who has made an outstanding contribution to enlarge
the field of value investing.
Connect ! Community - links users leveraging communication tools of
choice -- instant messaging, message boards , chat rooms and e-mail --
in a secure environment.

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Mr..

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Greenblatt is the President of Gotham Partners , a New
York-based investment firm.
GAMCO is a wholly owned subsidiary of Gabelli Asset Management
Inc.

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"Gone are the
days of overlooked financial aid opportunities, misinformation, past
deadlines and high anxiety.

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Electronic Transcripts - seamlessly integrates with transcript
management systems to organize students' grades, allowing counselors
to electronically send encrypted transcripts and track submission with
college admission officers.

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Company Overview

Founded in 2001 , ConnectEdu provides Web-based education planning
to students and advisers engaged in the preparation , search,
application or financial aid process of undergraduate, community
college, graduate or adult learner admissions.

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Connect! 3. ConnectEdu is dedicated to ensuring that all students have
access to the resources necessary to maximize their education
potential.

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The company has committed to fund the
prize with $1 million and will grant future awards at its annual
client meeting.
Mr.0 Web -based application for students, parents, guidance
counselors, and admission officers engaged in the college preparation,
search, application or financial aid process.

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Joel Greenblatt fits this model
to an extraordinary degree.
Guidance Counselors - minimizes administrative tasks while
maximizing human interactions to effectively track, monitor and
counsel students.

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" Professor Greenwald went on to note that
Greenblatt identifies a fruitful area of the market for value
investors and is also an inspiring teacher in the value investing
program at Columbia. (NYSE: GBL), through its
subsidiaries , manages approximately $28.

ConnectEdu Unveils Connect! 3.0; Higher Education Planning Technology Links Applicants with Counselors and Admission Officers to Optimize Processes

0 is deployed in partnership with high schools,
universities and community colleges with integration to transcript and
student management systems.

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0 billion in assets of private
advisory accounts (GAMCO), mutual funds and closed -end funds (Gabelli
Funds, LLC), and partnerships and offshore funds (Investment
Partnerships) and is known for its Private Market Value with a
Catalyst(TM) style of investment.0 truly democratize the college planning process for all students to
maximize their education potential, experience and investment.

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Greenblatt has an
undergraduate and a graduate degree from the University of
Pennsylvania's Wharton School. Greenwald, who heads
the Graham + Dodd Research Center at Columbia University's Graduate
School of Business, noted that "the continuing vitality and success of
the value investing tradition is due to the presence within that
tradition of outstanding innovators .
College Preferences Interview - interactively helps students to
think through criteria and delivers college matches to fit specific
academic, interest, lifestyle and financial preferences. The technology and services of Connect!
3.

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Greenblatt Named First Recipient of Gabelli Prize

In awarding the prize, Professor Bruce C.0 benefits all users of its networked community in
various ways:

Students - delivers a customized college plan to navigate the
college selection and application/transfer process , along with access
to ConnectEdu education professionals or their high school's
counselors in the network
Admission Officers - provides a forum to better understand and
qualify applicants to positively impact recruitment, yield and
retention.

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----Gabelli Asset Management
Company (GAMCO ) awarded its Graham + Dodd, Murray, Greenwald Prize for
Value Investing to Columbia University Graduate School of Business
Adjunct Professor, Joel M.com, a website
where members contribute investment ideas."
Connect! 3. ConnectEdu's ASP
technology - Connect!(TM) - is a scalable solution offered by
employers as a valuable work/life benefit, by high schools and
community colleges to facilitate their college counseling services,
and by colleges as a means to reduce their drop-out and transfer
rates.

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Connect! 3.

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Greenblatt at GAMCO's annual client dinner..0 provides
customized content and powerful new features including:

Financial Aid Wizard - ensures families are completing financial
aid forms accurately and identifies funding opportunities based on
eligibility.

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Connect! is offered to employees and their
children as a work/life benefit.

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Business Editors

RYE, N.
Articulation Agreement Facilitator - only product to automatically
calculate which courses can be transferred to which institutions.

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He is also the author of You Can Be a
Stock Market Genius, (New York: Simon + Schuster, 1997). Mr. Gabelli Asset Management Inc.

This release marks a significant milestone in ConnectEdu's mission
to empower students to become motivated and knowledgeable applicants
in charge of their college selection process.

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Greenblatt is also the founder of ValueInvestorsClub .

Business Editors/High-Tech Editors

BOSTON----

Minimizes Administrative Tasks , Maximizes Interaction for Decision
Making

ConnectEdu, a leading provider of technology and services for
education planning, today announced the launch of its Connect !(TM)
Version 3.

"Connect! empowers everyone involved in the college transition
process - students, parents, counselors and admission officers - with
the resources and technology needed to enhance each student's
process," said Craig Powell, President of ConnectEdu.