Where2Golf.com Unveils Expanded International Golf Course Guide

com tells golfers what each
course is really like and how it rates against others in the area, gives the
historical background of the course and provides up-to-date information on
nearby lodging. Butler. A+dvancer Online Courseware (TM), the
Company's new diagnostic, prescriptive test and online developmental
curriculum offering , is aligned to ACCUPLACER OnLine(R) , the leading
college placement test for students requiring developmental support to
enroll in full credit secondary coursework in mathematics, reading,
algebra and writing .

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"Where2Golf. For more information,
visit http://www. Stockholders'
equity increased by 1 percent to $5,458,200.

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com
reviews showcase the golf courses that we consider to be the best," said
Lenaerts .com
Founded in 2002, Where2Golf.
At March 31, 2005, total assets increased 5 percent to $8 ,717,688
as compared to $8,277,572 at December 31, 2004.

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The traditional lower gross margins of the Dolphin
subsidiary, when consolidated into the Company's financial results,
averaged down overall consolidated gross margin performance.
ACCUPLACER and ACCUPLACER OnLine are either trademarks or
registered trademarks owned by the College Entrance Examination Board,
New York, NY.

Note: Certain matters discussed above concerning the future
performance of the Company are forward-looking statements intended to
qualify for the safe harbors from liabilities established by the
Private Securities Litigation Reform Act of 1995.

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com is an invaluable resource for anyone planning a golf
vacation .S.

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com, showing all
highly rated courses within a region to facilitate golf-break and holiday
planning .
Commenting on the results, Jeffrey E.

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So it is surprisingly difficult for traveling golfers to identify
the best areas for golfing breaks, which courses to play when they get there,
and what to expect from any particular course. The Company's bank
debt declined 24 percent to $283,761 from $371,862 . Butler, Chief Executive
Officer of the Company, stated, "The core AEC operating unit revenues
declined 6 percent during our 2005 first quarter as a result of a
single large order that was received in the same 2004 quarter,
creating a real challenge to maintain growth momentum.004 $ .

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Created by two avid golfers who have played all over the world,
Where2Golf. Where2Golf.com founders ' firsthand
experience on each course. During
the quarterly period, total operating expenses decreased 11 percent as
compared to the year-ago quarter, while operating expenses as a
percentage of revenues declined by 2 percent to 77 percent. Many financial analyst consider EBITDA may be a
meaningful indicator of future profitability.

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"Many golf sites list all golf
courses but fail to answer key questions for golfers.

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The decline in consolidated net revenues is primarily
attributable to a major 2004 sale , which was recorded in the first
quarter of the prior year.004 for the quarterly period. Additionally , we are reviewing the Dolphin
subsidiary operations to determine appropriate measures related to the
structure and future of this business unit," concluded Mr. All company products are designed
to provide for LAN, WAN and Internet delivery options. The
Company's curriculum content is aligned to the other third party
digital resources such as the World Book Multimedia Encyclopedia and
GoKnow 's scientifically based, Internet accessible curriculum and
reference materials, which may be accessed directly from A+LS lessons.

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LONDON, Where2Golf. Travel sites list only
those golf clubs and hotels with which they have commercial arrangements. However, consolidated gross margins for this
period did not reflect the contribution of the UK-based subsidiary,
Learning Pathways, which was written down to zero value as impaired in
December 2004, and is now held for sale and considered a discontinued
operation. During the quarter, the
Company reached an agreement with its bank to extend its revolving
loan arrangement until March of 2006.006 17%
Discontinued operations ( .001 300%
=========== ===========

Balance Sheet Data
March 31, December 31,
2005 2004 %
(unaudited) (audited) Change
------------ ------------ --------

Current Assets $ 3,582,555 $ 3,102,531 15%

Total Assets 8 ,717,688 8,277,572 5%

Current Liabilities 2,265,054 2,004,582 13%

Stockholders' Equity 5,458,200 5,392,714 1%

Earnings Before Interest, Taxes, Depreciation and
Amortization (EBITDA )

Disclosure of Calculations for the Three Months Ended March 31, 2005

Three Months Ended
March 31
---------------------------
2005 2004
------------ ------------
(Unaudited ) (Unaudited)
Net income $ 65,486 $ 21,005
Add back non -EBITDA items included in net
income:
Depreciation and amortization 394,344 400,896
Interest expense 10,530 15,281
Income tax provision 43,657 66,877
------------ ------------
EBITDA $ 514,017 $ 504 ,059
============ ============

EBITDA represents earnings (loss) from continuing operations
before interest income, interest expense, income taxes , depreciation,
amortization, other income and impairment of goodwill.

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com), the leading guide to golf courses around the
world, expanded its lineup of courses with the addition of golfing
destinations in Arizona. What's more, the site displays photos of the courses, along
with high-quality maps, created exclusively for Where2Golf.com
http://www.
Gains in business profitability from AEC's core business unit were
offset by losses of approximately $100,000 at the Dolphin subsidiary. EBITDA should not be
construed as an alternative to net income (loss) as determined in
accordance with GAAP , as an alternative to cash flows from operating
activities as determined in accordance with GAAP or as a measure of
liquidity.

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com offers traveling golfers a way to evaluate golf courses before
they play them.com co-founder Suzanne Lenaerts.com fills in those
gaps.
With a five-point rating scale based on course condition, layout and
surroundings, Where2Golf. All
ratings and descriptions are based on the Where2Golf.where2golf.
EBITDA for the quarter increased by 2 percent over the prior
year's period to $514,017 versus $504,059 and represented 22 percent
of consolidated net revenues .

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The
site also includes a golf encyclopedia detailing tournaments from 1860 to the
present, along with golf news, a dictionary of golfing terms and a who's-who
of golf. We expect to announce the results of these discussions
during our second quarter. The Company has
developed a computer adaptive , companion academic skill assessment
testing tool to provide educators with the resources to more
effectively use the Company's curriculum content aligned to important
state and national academic standards.

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But Where2Golf. The Company's term loan with its
bank will be fully paid in November of 2005., UK and other
international locations.007 $ .

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com
(http://www. The site now rates and reviews hundreds of top golf
courses in Europe, South Africa and North America.com is not just about finding the best places to play."

About Where2Golf. Income
from continuing operations before income taxes for the quarter was
$197,048 versus $168,632, reflecting an increase of 17 percent over
the same 2004 quarter.

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"Our clear objective is to provide fellow golfers with the world 's most
comprehensive source of golf information on the Internet," stated
Where2Golf."
Site visitors can find courses by name, geographic region or nearest city.

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The future performance of the Company is subject to a number
of factors including, but not limited to, general economic conditions ,
competitive activity and funding available to schools.

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com
Tel: +44 78 13 600023
Fax: +44 207 4881006
theoffice@where2golf." The pretax losses of $87,905 that were experienced by the
subsidiary still impacted after-tax profitability by $52,743.0 and 4. In addition, the Company provides
assessment testing and instructional content for the General
Educational Development (GED) test.

Statement of Income
Three Months Three Months
Ended Ended
March 31, March 31,
2005 2004 %
(unaudited) (unaudited) Change
------------ ------------ --------

Sales $ 2,339,607 $ 2,530,266 (8%)

Operating income from continuing
operations 207,578 183,913 13%

Income from continuing operations
before income taxes 197,048 168,632 17%

Income from continuing operations 118,229 101,755 16%

Loss from discontinued operations (52,743) (80,750) (35%)

Net Income 65,486 21,005 212%

Earnings per share - diluted
Weighted average shares
outstanding 16,665,726 15,427,021

Continuing operations $ .

fringing observatory

where2golf.
Learning Pathways, the Company's UK operation, was written down to
zero value as "impaired" in the closing quarter of 2004, is being held
for sale, and as a result is now accounted for as a "discontinued
operation. However, the
$2,159,532 in core unit revenue level attained in this seasonally slow
quarter represents the second-highest first quarter sales performance
reported by the Company. The Company
believes that EBITDA provides meaningful additional information
concerning a company's operating results and its ability to service
its long-term debt and other fixed obligations and to fund its
continued growth .

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The company's future plans include further expanding the
site with reviews of top golf courses in Asia, Australia, Africa, New Zealand,
Canada and the Caribbean.

Contact:

Suzanne Lenaerts
Where2Golf.com

This release was issued through eReleases(TM).

factbook spoken

Business Editors/Education Editors/Technology Editors

OKLAHOMA CITY----The American
Education Corporation (AEC) (OTCBB:AEDU) today announced that
quarterly consolidated net revenues declined by 8 percent for the
first quarter ended March 31, 2005. Net revenues for the 2005 first
quarter were $2,339,607, compared to $2,530,266 for the same quarter
of 2004.
The A+LS comprehensive family of educational software is now in use in
over 11,000 schools, centers of adult literacy, colleges and
universities, and correctional institutions in the U. These
forward-looking statements can be identified as such by words such as
"believes," "anticipates," "plans," "expects" or words of similar
import.

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The American Education Corporation Reports Profitable 2005 First Quarter Performance

"AEC's core business growth continues to be driven by quality
products, and the Company is securing increasingly larger orders for
inbound site license, online and product upgrade -based orders.

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Still other sites list only the very top courses or focus on a limited
geography .com enables golfers to discover hidden gems and to
choose a new course to play based on how its rating compares to others. "Our golf course guide has grown from our combined
experience of playing over hundreds of courses, and the Where2Golf.ereleases.com. Consolidated 2005 first quarter net
income increased 212 percent to $65,486 from $21,005, resulting in
earnings per share of $0.
Gross margins for the core AEC software publishing business remained
at approximately 96 percent of net revenues , consistent with
historical results. Spanish-language versions are
available for Mathematics and Language Arts for grade levels 1-8.003) (.

factbook observatory

In contrast to golf directory sites that typically list only
contact information for each course and give no indication to determine which
are the best- or worst-to-play courses, Where2Golf.com has grown to be one of the most complete
golf sites online. Despite the decline in first quarter
revenues, it represents the second-highest sales volume for any first
quarter recorded by the Company.
Consolidated gross margins for the quarter ended March 31, 2005
were $1,997,758, or 85 percent of net revenues, which included the
results for the Dolphin subsidiary operations on a consolidated basis,
and which represents a decrease as a percent of revenues of 2 percent
over the prior year's quarterly period of $2,189,400 and 87 percent. Pretax income for the Company's core business
unit increased for the quarter by 23 percent to $364,968 versus the
$296,249 reported for 2004, representing pretax earnings of 17 percent
of revenues.
"With respect to subsidiary operations, the Company is engaged in
early discussions with other companies , which have expressed an
interest in assuming the financial responsibility for Learning
Pathways .

The Company's Java-based technology, the A+nyWhere Learning
System(R) Versions 3.0 of educational software products,
provides for an integrated offering of grade levels 1-12 software for
Reading , Mathematics, Language Arts, Science, Writing, History,
Government, Economics and Geography.005) (40%)
----------- -----------
Total $ . Because EBITDA is not calculated in the same manner by all
companies, it may not be comparable to other similarly titled measures
of other companies. See the consolidated statement of cash flows in
the consolidated financial statements filed in the Company's Form
10-QSB.