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Blackboard Names Six New Exemplary Course Project Winners; Blackboard Announces Expansion Plans for Exemplary Course Project 2007

CHICAGO--(BUSINESS WIRE)--July 12, 2006--Blackboard Inc. (NASDAQ: BBBB) today named six winners of the seventh annual WebCT Exemplary Course Project (ECP), a prominent and long-running honor for online learning faculty achievement.

Project sponsor Blackboard Inc. recently merged with WebCT, Inc., and the combined company continues to provide and support the full range of each organization's product lines to education institutions around the world.

WebCT's Exemplary Course Project singles out online courses for displaying best practices in course design, interaction/collaboration, assessment/evaluation, meaningful technology use and learner support.

Blackboard will expand the 2007 Exemplary Course Program by opening it up to the broader Blackboard(R) and WebCT(R) community of more than 3,650 institutions.

This year's ECP winners include:

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Women, Culture and Economic Development
Format: Online; Blackboard Learning System(TM)--CE Enterprise
 Ltd License
Irma Alonso
Professor of Economics
Florida International University
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Digital Literacy and Research Skills
Format: Online; Blackboard Learning System(TM)--Vista
 Enterprise License
Veanne Jones
Part-Time Instructor for Digital Literacy and Research Skills
Georgia Perimeter College
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Introduction to Online Learning
Format: Online; Blackboard Learning System(TM)--CE Enterprise
 Ltd License
Bonnie Correia
Adjunct Faculty
Governors State University, Ill.

Jan Engle, M.A., M.H.S., M.S.Ed.
Center for Online Teaching and Learning
Governors State University
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Learning About Learning Online: A Faculty Institute
Format: Blended; Blackboard Learning System(TM)--Vista
 Enterprise License
Gail Matthews-DeNatale, Ph.D
Senior Instructional Designer, Academic Technology
Simmons College, Massachusetts

Lynn Foord-May, P.T., Ph.D., M.Ed.
Director, Division of Online Teaching and Learning, School for
 Health Studies
Simmons College
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Project Management for IT Professionals
Format: Online; Blackboard Learning System(TM)--Vista
 Enterprise License
Stacey Clawson
Principal Learning Architect, Team Lead, Learning Strategies,
Capella University

Liz Frame
Course Designer, Next Generation Learning,
Capella University
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Introduction to Research in Education
Format: Online; Blackboard Learning System(TM)--CE Enterprise
 Ltd License
Dr. Colla J. MacDonald
Professor, University of Ottawa

Dr. Emma J. Stodel, Post Doctoral Fellow
University of Ottawa
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Courses will be demonstrated Thursday night from 5 to 6:15 p.m. in the !MPACT 2006 Exhibit Hall.

The Exemplary Course Project evaluation was conducted for WebCT by: Dr. David Graf, director of technology support services at the Fischler Graduate School of Education & Human Services at Nova Southeastern University; and Maisie Caines, WebCT faculty development specialist at the College of the North Atlantic's Clarenville Campus.

The following WebCT Institutions also participated in the evaluation process: College of the North Atlantic, Coventry University, Georgia State University, Marshall University, Purdue University, University of Alberta, University of Connecticut, University of Georgia, University of Northern Iowa, University of North Carolina, University of North Texas, University of Utah and Villanova University.

"The Exemplary Course Project represents a powerful combination of factors which contribute to successful e-Learning-unique teaching and learning possibilities, dynamic interaction with multimedia content, and significant economic efficiencies," said Michael Chasen, Blackboard president and chief executive officer. "The combined company is delighted to shepherd the project into our new era, and we look forward to many more shining examples of online learning's potential in future project years."

For more information and to view the winning courses, please visit: http://www.webct.com/exemplary. The courses will be online for public viewing in August.

About Blackboard

Blackboard Inc. (NASDAQ: BBBB) is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. Blackboard solutions are used by millions of people at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia. WebCT is a wholly owned subsidiary of Blackboard Inc.

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Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Annual Report on Form 10-Q filed on May 10, 2006 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of July 12, 2006. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to July 12, 2006.

CONTACT: Senior Manager Public Relations at Blackboard:
Blackboard Inc.
Melissa Chotiner, 202-463-4860 ext. 2404
mchotiner@blackboard.com
or
Director of Marketing Communications WebCT at WebCT
Lisa Philpott, 781-309-1265
lisa.philpott@WebCT.com

SOURCE: Blackboard Inc.