Enrollments reached 17,554, up from 14,702 in FY 2004.
"I attribute our rapid growth largely to our product offerings,"
said David Gray, UMassOnline CEO. News +
World Reports.

PRESS RELEASE Bond Appointed to Fulton Financial Corporation Board of Directors

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For more
information on the organizations it oversees, visit the Foundation's
websites at www.fasb.

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The Sloan Consortium, a leading source for information on
online education, reported in their 2004 market study that demand for
online education is growing, that students are generally satisfied
with online learning experiences, and demand will continue to grow.

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"
Janet McClelland , a working mother with a very demanding job as a
leader in Community Health and Hospice, agrees that UMassOnline is
meeting a critical need for today's busy students.UMassOnline.

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More than
90 percent of the revenue is retained by the UMass campuses to support
education and research programs.

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Students and employers
recognize that and are drawn to our award winning programs.

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Bond is chairman of the Board of Trustees of Goucher College and serves as
a director of the Federal Home Loan Bank of Atlanta.

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Bond graduated magna cum laude from Harvard College. The Trustees
are very pleased to be able to make the announcement of his
reappointment.

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----UMassOnline,
the University of Massachusetts' Web-based learning division, today
announced that online education program revenue and enrollments grew
by 30 percent and 19 percent, respectively, in fiscal year 2005 (July
2004 - June 2005)."
Many students like Janet, busy with the demands of managing family
and work, look to online education as the "only way" to further their
education.----At its May 16 Board
of Trustees meeting, the Financial Accounting Foundation (FAF)
approved the reappointment of G.

About the Financial Accounting Foundation

The Financial Accounting Foundation is responsible for overseeing ,
funding and selecting the members of the FASB and the GASB.

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UMassOnline Revenue Grows 30 Percent and Enrollments Grow 19 Percent in Fiscal Year 2005

Online learning offers the flexibility to
complete assignments around my busy schedule, individualized classroom
discussions, and the opportunity to receive feedback whenever it is
necessary. He earned a Master's
Degree in Business Administration and received a Juris Doctor from Columbia
University.
Commenting on the reappointment, Robert E.

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Online
programs are closely coupled with their face-to-face counterparts
enabling UMassOnline to offer fully accredited (NEASC) and
nationally-recognized programs online.

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Business Editors/Education Editors

SHREWSBURY, Mass. Revenue from the University of Massachusetts'
system online programs was $16 million, up from $12 million in FY
2004. He is also a member
of the Government Relations Council of the American Bankers Association. He also served on the AICPA's Accounting Standards
Executive Committee, including three years as the Committee chairman.

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School recently ranked 4th in primary care education by U.

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"UMassOnline has what students are
looking for: high quality, accredited distance education programming
delivered by world class faculty. UMassOnline was introduced in early 2001 by the
University President and Board of Trustees to serve community
educational needs and increase access to a UMass education. Crooch was a partner with Arthur Andersen and director of the
firm's International Professional Standards Group before joining the
FASB in 2000. Those standards
govern the preparation of financial reports and are officially
recognized as authoritative by the Securities and Exchange Commission
and the American Institute of Certified Public Accountants.

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We recently added five new programs
to our portfolio, including the Medical School's Continuing Medical
Education program.
To learn more about UMassOnline 's courses and degree programs,
visit UMassOnline at www.D. For more
information about the FASB , visit our website at www.

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Bond, Jr. In this position, he will ensure that the performance of
the Corporation is conducted in a way that represents the interests of the
shareholders.

Business Editors

NORWALK, Conn.
He earned bachelor's and master's degrees from Oklahoma State
University and a Ph.

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I would not have
done it any other way.
John M. He was the American Institute of Certified Public
Accountants' (AICPA) delegate to the International Accounting
Standards Committee (IASC) and served on the IASC's Executive
Committee. from Michigan State University.

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Michael Crooch to a second five-year
term as a member of the Financial Accounting Standards Board (FASB),
effective July 1.

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" Janet adds, "I am able to maintain my family life,
demanding work schedule, and continue my education.net

About UMassOnline: UMassOnline, the University of Massachusetts'
system online education consortium, delivers accredited , online
programs from UMass Amherst, Boston, Dartmouth, Lowell and UMass
Medical School via interactive , Web-based learning systems., of Ruxton, Maryland, has
been named to the Board of Directors of Fulton Financial Corporation
(NASDAQ: FULT). Such
standards are essential to the efficient functioning of the economy
because investors, creditors, auditors, and others rely on credible,
transparent , and comparable financial information.

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S. "I am now a
graduate student in the Master of Science in Nursing/Master of Public
Health Dual Degree Program. Today, UMassOnline delivers 45
graduate, undergraduate and non-credit degrees and certificates, as
well as 300 online courses annually, to diverse, geographically
disparate learners. Online programs span the broad range of academic
disciplines that UMass is known for: education, IT, nursing, public
health, management, criminal justice, hospitality and tourism, and the
liberal arts."
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Reputation matters too. As a director, Bond's responsibilities also include
appointing senior management for the company, approving Fulton Financial's
overall strategic direction, and reviewing and evaluating the Corporation's
financial and operational results .

G. Michael Crooch Reappointed to Financial Accounting Standards Board

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About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the
designated organization in the private sector for establishing
standards of financial accounting and reporting.

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" Gray concluded, "We will continue to analyze market
demand for new program opportunities that meet the needs of today's
lifelong learners.

Bond is chairman and chief executive officer of The Columbia Bank, which
recently merged with Fulton Financial Corporation and is now the
Corporation's fifteenth affiliate bank. Denham, chairman of the
Financial Accounting Foundation, stated, "Michael Crooch has been an
outstanding member of the FASB who possesses a wealth of experience
and a record of substantial contributions to the Board.

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