SOURCE: Sonoma College

November 16, 2006 14:33 ET

Sonoma College Files 10-KSB Annual Report -- Reports 33% Increase in Revenue

Sonoma College, Inc. Announced Results for the FY Ending 6/30/06

PETALUMA, CA -- (MARKET WIRE) -- November 16, 2006 -- Sonoma College, Inc. (OTCBB: SNMA) announced revenue for the year ended June 30, 2006. Total revenues for the year ended June 30, 2006 as compared to the comparable period of the preceding year increased by $610,000 to $2,454,000, or an aggregate increase of 33.1%. In 2006 we incurred substantial costs related to litigation, SEC registration, and compliance issues. The Company believes these types of items will be reduced in future periods. The company also witnessed a 16% increase in student headcount to 260 compared to 224 as of June 30, 2005.

"We worked diligently throughout the year to decrease operating expenses and expand marketplace awareness. We remain dedicated to strengthening our position as a provider of career-oriented post-secondary education with an emphasis on blended programs. Management seeks to achieve continued revenue and earning growth through pursuing admissions growth, seeking affiliations with other schools, government agencies, and corporations, and further developing and implementing our distance education programs," said Charles Newman, the company's Chairman and Chief Executive Officer.

Sonoma College, Inc. and Subsidiary Consolidated Statements of Operations


                                                    For the Years Ended
                                                          June 30,
                                                    2006          2005
                                                ------------  ------------
Revenues
   Tuition and fee income                       $  2,454,166  $  1,844,418
                                                ------------  ------------

Operating Expenses
   Instructional Costs                             1,464,380     1,350,185
   Sales and marketing                               290,081       493,202
   General and administration                      2,387,003     1,760,628
   Depreciation and amortization                      90,151        67,592
                                                ------------  ------------

      Total Operating Expenses                     4,231,615     3,671,607
                                                ------------  ------------

         Loss from Operations                     (1,777,449)   (1,827,189)
                                                ------------  ------------

Other Expense
   Interest                                         (104,180)      (24,148)
                                                ------------  ------------

              Net Loss                          $ (1,881,629) $ (1,851,337)
                                                ============  ============

Net Loss Per Common Shares - Basic and Diluted  $      (0.03) $      (0.03)
                                                ------------  ------------

Weighted Average Number of Common Shares -
 Basic and Diluted                                63,997,821    63,383,612
                                                ============  ============

About Sonoma College, Inc.

Sonoma College, Inc. is a private for-profit post-secondary career preparation college that offers associate degrees, certificates, and continuing education in the allied health and homeland security disciplines. Sonoma College is accredited by the Accrediting Bureau of Health Education Schools, an accrediting agency recognized by the United States Department of Education. It is also approved by the Higher Education Division of the California Bureau of Private Post-Secondary Vocational Education and is a member of the Department of Homeland Security Emergency Management Institute. Sonoma College serves both full-time and part-time students offering daytime, evening, and Saturday classroom schedules "blended" with Internet classes. Portions of Sonoma College's academic programs are offered online in an advanced college Internet learning management system and the balance of the curricula is offered in standard residential college classrooms or in off-site residential clinic externships.

Safe Harbor Statement

This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release regarding the Company's strategies, plans, objectives, expectations, and future operating results are forward-looking statements. Although Sonoma College believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to have been correct. Actual results could differ materially based upon a number of factors including, but not limited to, the state of economy, competition, unanticipated business opportunities, availability of financing, market acceptance, government regulation, dependence on key personnel, limited public markets and liquidity, shares eligible for future sale, continuation and renewal of contracts and other risks that may apply to the Company, including risks that are disclosed in the Company's Securities and Exchange Commission filings, from time to time, which we strongly urge you to read and consider, including our Registration Statement on Form SB-2 that was declared effective January 25, 2006, and our current reports on Form 8K, quarterly reports on Form 10QSB and annual reports on Form 10KSB all of which are available free of charge on the Securities and Exchange Commission's web site at http://www.sec.gov. Subsequent written and oral forward-looking statements attributable to the Company or to persons acting on the Company's behalf are expressly qualified in their entirety by the cautionary statements set forth in our reports filed with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.

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