wpe1.jpg (7600 bytes) RiskAndDerivatives.com: Risk Management Education Resource

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FOR IMMEDIATE RELEASE

New Guidebook for Managing Derivative Risks Unveiled in the Wake of Volatile Financial Markets

San Francisco, May 1, 2000 -- In the wake of volatile financial markets, the Chubb Group of Insurance Companies has released a guidebook to help directors, officers and risk managers address the risks and potential liabilities arising from rogue traders.

Prepared jointly by Chubb and the Risk and Derivatives Consulting Board, Inc. (RDCB), "Market Volatility and The Rogue Trader: A Handbook for Directors, Officers and Risk Managers" is based on the expertise of a faculty of noted academicians, current and former regulators, and legal and accounting advisers.

The document provides an overview of derivative trading risks companies, financial institutions, and their directors and officers face. It suggests numerous measures to help minimize the risks and explains the role insurance plays in the risk management process.

"Several corporations, municipalities, hedge funds and financial institutions have disclosed multi-billion dollar losses in the wake of volatile financial markets. These types of losses often result in class-action lawsuits by shareholders, customers, regulators and others," commented Robert C. Cox, a senior vice president of Chubb & Son and worldwide practice leader of its Department of Financial Institutions, while releasing the publication at the Risk and Insurance Management Society's annual conference in San Francisco. " ‘Market Volatility and The Rogue Trader’ provides an educational overview of the risks to the enterprise arising from capital market trading activities. It also clarifies the responsibilities of directors and officers to monitor these activities and provides them with solutions to mitigate complex exposures to loss."

The guide also includes a risk manager's checklist, summaries of regulatory and private industry initiatives in the area of operational risk and additional readings on the subject. To request the free booklet, send an email to rdcb@riskandderivatives.com.

Risk and Derivatives Consulting Board provides education and risk management consulting services to public companies and financial institutions. Accountants and lawyers from major accounting and law firms staff RDCB projects, which also tap the expertise of regulators, academicians and leading professionals. More information on RDCB is available at http://www.riskandderivatives.com.

The member insurers of the Chubb Group of Insurance Companies form a multibillion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 5,000 agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.

FOR IMMEDIATE RELEASE

Risk and Derivatives Consulting Board,  Inc. Alliance With Caliber

New York, NY January 29, 2001 -- Risk and Derivatives Consulting Board, Inc. (RDCB), a top provider of education and risk management consulting services to public companies and financial institutions and Caliber Learning Network (NASDAQ: CLBR), a leading provider of eLearning infrastructure for strategic corporate initiatives,  today announced their strategic alliance aimed at educating and training directors, officers, and risk managers at public corporations and financial institutions in the fields of operational risk management and prudent capital market trading oversight.  Course content will be based on RDCB's treatise on market volatility and rogue trading compiled in conjunction with other experts in the risk management and derivatives industry. Caliber will convert RDCB's courses into eLearning modules and enable content to reach a more global audience. Caliber will produce two courses that will be recorded and made available OnDemand and supplemented through livecasts. Both courses are designed for public companies, financial institutions, and insurance industries. The course content will offer solutions and ideas for best practice procedures to mitigate complex exposures to loss.

"By utilizing Caliber's blended solution of live and on-demand delivery of content, RDCB has the ability to provide an important source for risk management and derivatives consulting services, which is a critical solution for the market. RDCB's solution will now offer the added value of customized content, world wide audience reach, and increased speed of delivering knowledge," said Charles Di Pierro, Senior Education Advisor at Risk and Derivatives Consulting Board, and former Professor of Business and Technical Communications at New York University.

"Partnering with RDCB makes sense for our overall content strategy because it extends Caliber's corporate top-tier branded library of content, and it also allows us to develop custom programs for another important audience. RDCB's reputation in the risk management and derivatives industry creates an opportunity for Caliber to reach middle and upper levels in accounting and finance," said Chris Nguyen, President and CEO of Caliber.

About Risk and Derivatives Consulting Board

Risk and Derivatives Consulting Board provides education and risk management consulting services to public companies and financial institutions. Accountants and lawyers from major accounting and law firms staff RDCB projects, which also tap the expertise of regulators, academicians and leading banking and financial professionals. More information on RDCB services, resources and faculty is available at www.riskandderivatives.com. And at www.rdcb.com.

About Caliber Learning Network, Inc.

Caliber (Nasdaq: CLBR) is a leading provider of eLearning infrastructure for strategic corporate initiatives. Its interactive eLearning is delivered either live or OnDemand directly to individual workstations, anytime, anywhere or through a network of classroom-style learning centers. Caliber enables Global 2000 companies to increase the reach and reduce the cost of traditional training programs through a host of services, including Internet, Intranet and digital satellite. Founded in 1996 and headquartered in Baltimore, Caliber has production facilities and Internet-ready learning centers throughout North America and Europe. For more information, visit www.caliber.com.

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Safe harbor language: This release includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings and significant uncertainty related to other factors, including but not limited to: (1) the Company's ability to consummate financing transactions in amounts and on terms not materially disadvantageous to common stockholders; (2) the Company's ability to grow new customer revenues and gain renewal business; (3) the Company's ability to control expenses and meet obligations in connection with debt and equity financing; (4) price competition in the eLearning industry; (5) the Company's ability to continue to deliver competitive technology solutions and services; (6) the ability of the Company's direct sales force to mature and achieve significant productivity, and (7) the Company's ability to recruit and retain key management, sales and executive personnel.