SOURCE: Varsity Group Inc.

May 06, 2005 09:00 ET

Varsity Group Inc. Schedules First Quarter Earnings Release Date and Sets Annual Shareholder Meeting Date

WASHINGTON, DC -- (MARKET WIRE) -- May 6, 2005 -- Varsity Group Inc. (NASDAQ: VSTY), a leading provider of online bookstore solutions for educational institutions, today announced it will release financial results for its first quarter ended March 31, 2005, after the market closes on Monday, May 16, 2005. Separately, the Company announced that its annual shareholder meeting will be held on June 24, 2005, at 10:00 a.m. local time at the Mayflower Hotel, 1127 Connecticut Avenue, N.W., Washington D.C.

A copy of the Company's press release announcing its earnings will be available beginning May 16, 2005, at http://www.varsity-group.com.

ABOUT VARSITY GROUP INC.

Varsity Group Inc. is a leading provider of online bookstore solutions for educational institutions. Founded in 1997 as VarsityBooks.com, the company pioneered selling new college textbooks over the Internet. Building on its textbook expertise, Varsity Group offers educational institutions the opportunity to outsource textbook procurement operations by utilizing eduPartners, its e-commerce solution for schools.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Varsity Group's business that are not historical facts are "Forward-Looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2004.

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