Washington, Oct. 27, 2009 — Blackboard Inc. (Nasdaq: BBBB) today announced a partnership with the Imagine America Foundation, an associated foundation of the Career College Association, to bring online education opportunities to military veterans in an effort to help them acquire skills needed for success as they move into civilian careers.
As part of the partnership, Blackboard’s Professional Education division will work with Imagine America, a nonprofit organization, in support of the IAF LDRSHIP Award over the next five years. Established in 2004, the annual LDRSHIP Award provides eligible military personnel currently enrolled in a CCA institution the opportunity to further their education with grants to put towards their courses of study. Blackboard’s support will help veterans, reservists and honorably discharged or active duty young men and women preparing to return from military service to pursue career education.
"We are grateful to Blackboard for their support of this important program for the United States military community," said Robert L. Martin, President IAF. "Blackboard’s commitment to adult education creates a wonderful opportunity for the deserving men and women who work so hard on behalf of our country."
Last week, the Career College Association also announced that former commander in chief President Bill Clinton will address its 2010 annual convention in a keynote sponsored by Blackboard. At the event, Clinton will speak to over 1,000 CCA members representing private postsecondary schools, institutes, colleges and universities across the country that offer career-specific education programs. Blackboard works with many of the CCA’s member organizations to meet the increased demand for career education and the growing interest in effective learning programs that match the diverse schedules and realities of today’s learners.
"Career colleges are increasingly serving the kind of students – working adults, parents and military veterans – whose success will have a major impact on the health and future of our nation’s economy and workforce," said Tim Hill, President of Blackboard Learn, Professional Education. "No one understands the intersections between education, opportunity and the economy as well as President Clinton, who has spent a career as governor, president and world leader working to improve the ability for workers and learners at all levels to compete."
"We are honored to have Blackboard sponsor President Clinton’s participation in our 2010 annual convention," said Harris N. Miller, President of CCA. "President Clinton has been a true champion of higher education and this is an extraordinary opportunity to highlight the career education sector, our institutions, the work we perform and the students we serve."
President Clinton’s keynote address will take place during the convention’s General Session on June 11, 2010 at the Palazzo Hotel in Las Vegas, Nevada. Registration for the 2010 convention is now open at: http://www.ccaconvention.org.
For more information about Blackboard’s solutions for career colleges, please visit: http://blackboard.com/careercolleges.
About Blackboard Inc.
Blackboard Inc. (Nasdaq: BBBB) is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard’s solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.
About the Imagine America Foundation
The Imagine America Foundation, established in 1982, is a not-for-profit organization dedicated to providing scholarship, research and training support for the career college sector. Since its inception, the Foundation has provided over $35 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America(®) programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and supports faculty and staff training. For more information about the Imagine America Foundation’s scholarship and award programs, please visit www.imagine-america.org.
About the Career College Association
The Career College Association is a voluntary membership organization of private, accredited postsecondary schools, institutes, colleges and universities that provide career-specific educational programs. CCA has more than 1,400 members that educate and support over one million students each year for employment in over 200 occupational fields. CCA member institutions provide the full range of higher education programs: masters and doctoral degree programs, two- and four-year associate and baccalaureate degree programs, and short-term certificate and diploma programs. Visit CCA at www.career.org.
Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Form 10-Q filed on August 6, 2009 with the SEC. In addition, the forward-looking statements included in this press release represent the Company’s views as of October 27, 2009. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to October 27, 2009.