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Press Release

Intrepid Named Leader in Training Outsourcing Industry

(Seattle, WA-July 14, 2004) Intrepid Learning Solutions has been named one of the twenty leading outsourced training services companies in the world by TrainingOutsourcing.com, the most authoritative independent source for information and analysis about the industry.

In announcing the Top 20, Jim Hanlin, Chief Operating Officer of TrainingOutsourcing.com, said, "Those on the list have the experience, competence, resources, tools, and commitment to high quality training to advance the industry. There are plenty of excellent training companies out there, but we believe that The Top 20 have set the standard when it comes to provision of outsourced services."

According to a recent TrainingOutsourcing.com article, Intrepid's "impressive success - literally from the starting gate - is both a testament to the benefits of training outsourcing and Intrepid's ability to deliver on a solid business plan." Among a growing number of global clients in different industries, Intrepid provides outsourced training services to The Boeing Company, the largest corporation ever to outsource a substantial portion of its training function.

"We're gratified to receive such continued positive attention from the independent experts in training outsourcing," said Intrepid CEO Christopher Hedrick. "Making the TrainingOutsourcing Top 20 tells us that we are succeeding in providing the highest quality, most cost-effective training services to our clients."

About Intrepid Learning Solutions:
Intrepid Learning Solutions is the foremost provider of training consulting, outsourcing, and research services to global 2000 companies. With industry-leading expertise in training management, business process outsourcing, learning research and consulting and a focus on business results, Intrepid delivers optimum value for your training budget. For more information on Intrepid, see www.intrepidlearningsolutions.com.

About TrainingOutsourcing.com:
TrainingOutsourcing.com is a North Carolina based web-based knowledge community dedicated to the training outsourcing industry and focusing on bringing corporate executives and training suppliers together to facilitate mutually beneficial outsourcing partnerships. Additional information on TrainingOutsourcing.com can be found at http://www.trainingoutsourcing.com.