Broadband Learning Corporation
TSX VENTURE : BLC

Broadband Learning Corporation

September 10, 2008 09:55 ET

Broadband Learning in Arbitration Proceedings With i-vu

SALT LAKE CITY, UTAH--(Marketwire - Sept. 10, 2008) - Broadband Learning Corporation ("Broadband Learning") (TSX VENTURE:BLC), a participant in the rapidly expanding distance learning market, reports that yesterday it received a demand for arbitration from attorneys representing its business partner, i-vu usa inc. ("i-vu") which seeks termination of the Definitive Collaboration Agreement between Broadband Learning and i-vu. Broadband Learning denies the basis of this claim and was already in the process of preparing its own demand for arbitration claiming very significant monetary damages from i-vu based on i-vu's failure to generate any revenues to date on this project and its failure to make a number of payments due to Broadband Learning. The arbitration will proceed in Utah.

About Broadband Learning Corporation

Broadband Learning Corporation produces, delivers, supports and manages distance learning content for professionals, corporations and consumers using proprietary technology and worldwide distribution capabilities. The Company is addressing the professional development market by providing a patented Internet-based learning system with on-demand access, multimedia educational resources, and administrative management capabilities. The Company provides wide area network and satellite services across North America. Broadband University is a brand name used by the Company's wholly-owned subsidiary Broadband Learning Inc. to focus on the distance learning markets using patented technology under a license agreement with School Improvement Network, Inc. of Salt Lake City, Utah. In 2007, the Company formed a new subsidiary, BL Media Inc. to undertake the Company's digital media operations.

This press release may contain forward-looking statements relating to, among other things, Broadband Learning's expectations concerning future product demand and growth opportunities and customer acceptance of its products. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Broadband Learning disclaims any obligation to publicly update or revise any such statements.

This news release will not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The securities offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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