Citibank Presents $750 000 Grant to NeighborWorks America for Homebuyer Education and Counseling - NCHEC - Program

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Mediasite allows the university to transparently create a rich media archive
of each class that students can review anytime via the Web. The President is expected to
announce that $5. Maura
Markus, President of the Citibank Retail Distribution Group , presented
the check to Ken Wade, Chief Executive Officer of NeighborWorks(R)
America, at an event honoring 30 representatives from New York City
non-profit organizations, who just completed the intensive week-long
training. At the local level, Citibank's Community Relations team has
been a major supporter of NeighborWorks(R) Week (NWW), a week-long
program of activities and events that support community
revitalization.

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, Sonic Foundry(R) Inc.
They simply teach their traditional classes, and Mediasite transparently
captures and streams that classroom experience to students learning remotely,
whether live or on-demand.
NCHEC is housed within NeighborWorks(R) America's Training
Division and serves as the training and certification arm for
homebuyer education and counseling nationwide.

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The company 's high-performance
rich media presentation systems are trusted by Fortune 500 companies,
education institutions and government agencies for a variety of critical
communication needs., The National Science Teachers
Association (NSTA), the largest science teacher organization in the world,
commends President George W.9 billion in new funding will be provided in FY07 for growth
in scientific research and for science and math education programs. NSTA's current membership
includes more than 55,000 science teachers, science supervisors,
administrators, scientists, business and industry representatives , and others
involved in science education.
Over the next three-years, the Citigroup Foundation grant will help
train approximately 570 counselors who will counsel an estimated
102,600 potential homebuyers annually, of which one in seven,
according to NeighborWorks(R) America's statistics, or 14,650, will
become homeowners.
"Federal and state policies are aggressively promoting homeownership ,
mortgages are becoming increasingly complex and risky, personal debt
is rising, and stubborn homeownership and wealth gaps persist.
Since 2003, the Citigroup Foundation has made grants totaling
close to $1.2 million to NeighborWorks(R) America and its chartered
members.

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sonicfoundry."
"The need for homeownership counseling and education has never
been greater," said Ken Wade, CEO of NeighborWorks(R) America. NCHEC's overall goal is
to increase the number of homeownership counselors and educators
trained and certified by NWA from 700 to more than 2,000 per year;
thereby aiming to ensure the education and counseling of more than 2
million individuals by 2007.

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Meanwhile, professors appreciate the fact
that they no longer need go to broadcast studios to teach online courses."
The American Competitiveness Initiative will provide additional funding
for key federal science and math education programs that can help schools and
districts strengthen their math instruction , allow more students to take
advantage of advanced science classes, bring more teachers into the classroom,
increase support for research and development, bolster teacher education, and
provide new graduates in STEM fields.

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The new customers are: the University of
Colorado College of Engineering and Applied Science, Florida State, Indiana
University-Purdue University Fort Wayne , Northwestern University and the
University of Houston.

Science Teachers Hail Decision to Include Science Education as Part of President's American Competitiveness Initiative

This
generous support from Citigroup will help us empower and educate more
practitioners who will help consumers to become successful
homeowners.

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Mediasite's Real Time Recording and Automated Publishing Removes Technical
Challenges of Delivering High-Quality Web-Based Rich Media Learning Experience

MADISON, Wis.

' It is based on the work of Alfred Adler and Rudolf Dreikurs.

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Universities Rapidly Expand Online Learning Programs With Sonic Foundry's Mediasite

Mediasite digitally records the audio and video of
professors and students, and automatically synchronizes those outputs with any
instructional content presented or projected in the classroom."

University of Houston
The University of Houston selected Mediasite to help further its
transition to a Web-based rich media streaming delivery. For more
information about Sonic Foundry, visit the company's Web site at
http://www . Gerald Wheeler said of the speech, "Science
and math education -- in addition to basic research and policies that
encourage innovation at our nation's labs and universities -- are critical to
our nation's future competitiveness.
NSTA also supports the Protecting America's Competitive Edge Acts
(S 2198), a bipartisan bill introduced last week in the Senate.

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(Nasdaq: SOFO), a leading rich media solutions company, today announced the
addition of five customers to the growing number of higher education
institutions who use its Mediasite(TM) rich media system to power their online
distance education initiatives. By delivering unmatched ease of use, versatility and
reliability , Mediasite has become the preferred technology for higher
education institutions seeking to use the power of rich media to drive
Web-based distance education and improve in-class learning. The students and professors communicate live via a state-of-the-art
video conferencing system.
"Rich media streaming carries with it so many benefits and is so much
easier and more economical than traditional broadcasting and video tapes that
there's no excuse not to use it," said Sara Baber, director of academic
technologies at the University of Houston.
Founded in 1991, Sonic Foundry (Nasdaq: SOFO) is a provider of rich media
communications technology for the enterprise. Factors that could cause actual results to differ materially
include, but are not limited to, uncertainties pertaining to continued market
acceptance for Sonic Foundry's products, its ability to succeed in capturing
significant revenues from media services and/or systems, the effect of new
competitors in its market, integration of acquired business and other risk
factors identified from time to time in its filings with the Securities and
Exchange Commission.

We commend the President for highlighting the importance of science
and math before a national audience.

Sites listed in this category are specific to Adlerian principles and/or organizations which further education and promote Adlerian psychology .

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com. Bush for the prominent focus on science and math
education in the State of the Union Address . NeighborWorks(R) America (NWA), an industry leader in
homeownership education and counseling training , launched NCHEC to
help address the growing demand for training, standards, and
certifications within the homebuyer education and counseling industry.
Since 2003, Citibank, with support from the Citigroup Foundation, has
been the only financial institution to make this training available in
local markets to NeighborWorks America affiliates, such as
Neighborhood Housing Services of New York City, and other nonprofit
organizations.

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This
legislation will improve science and math education by providing scholarships
to future teachers, establishing master programs and summer institutes for
current teachers, creating specialty math and science high schools, and
providing summer research opportunities for students. Citibank's Community Relations and Community Mortgage teams
also have developed comprehensive homeownership programs with many NWA
affiliates and provided Board and advisory committees service and
in-kind donations of space and volunteers.

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Rich media
course content is available live or on-demand with the benefits of
anytime/anywhere convenience. A synchronized slide index lets users quickly
navigate to and replay any portion of a lecture for improved understanding of
complex concepts.

Northwestern University
Northwestern University's School of Communication installed Mediasite in
Fall 2004 to support the first, and so far only, distance learning program
available at the prestigious Illinois university. The two-year master's in
Communications Systems Strategy and Management program features a real-time
blended learning environment that brings together in-class students with their
distance education classmates learning from as far away as California and
Tokyo. ARLINGTON, Va. Our nation's science teachers are
educating the next generation of scientists, engineers, and workers who will
find new ways to defend our country, create new technologies , and cure
diseases.

Business Editors

NEW YORK----

NeighborWorks(R) America Estimates That Grant Will Result
in 14,650 New Homeowners Over the Next Three Years

Citibank today presented a $750,000 grant from the Citigroup
Foundation to NeighborWorks(R) America (formerly Neighborhood
Reinvestment Corporation) in support of its NeighborWorks(R) Center
for Homeownership Education and Counseling (NCHEC) program. "By increasing the quality and
availability of homebuyer education and counseling nationwide, NCHEC
will empower consumers to make informed financial decisions.

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For students learning remotely it provides an exceptional online
representation of the classroom experience, complete with audio, video and
synchronized instructional materials, as well as polling and Q+A. This combined
product is then streamed live and archived for student review . "We have one
Mediasite unit now and are getting a second one shortly as we expand our
distance learning initiative."

About Sonic Foundry(R), Inc. Because such
forward-looking statements include risks and uncertainties, actual results may
differ materially from those expressed in or implied by such forward-looking
statements."
Neighborworks(R) America is the nation's largest certifier of
homeownership and financial educators and counselors.

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"Train the
Trainer" homebuyer education and counseling courses are offered four
times each year during Neighborworks(R) Training Institutes (NTIs).

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"Using Mediasite to
transparently record and stream courses eliminates the technical , economic and
psychological barriers to distance learning, while maximizing AV and IT
infrastructure investments already made to create dynamic learning
environments.
NSTA Executive Director Dr. The training helps non-profit organizations meet some of the
eligibility requirements to become qualified as HUD-Approved Housing
Counseling Agencies, which enables them to access support from HUD
Housing Counseling Funds.

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"Mediasite consistently creates the type of high-quality experience
Northwestern requires and expects, without any extra work on the part of
faculty or students, " said Dennis Glenn, assistant dean of distributed
education, Northwestern University's School of Communication.

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As a fully integrated system, Mediasite eliminates the adoption barriers
to online teaching and learning by transparently recording instructors in the
natural classroom environment without interfering in their teaching style or
content. Advanced
navigation capabilities let students quickly locate the exact information they
need, and many students use the Mediasite recordings to supplement or replace
hours of detailed note taking. Mediasite has
enabled the university to broaden access to its undergraduate and graduate
programs, while being more responsive to student expectations for the
conveniences of online learning. Every once in awhile you come across something that
makes you say 'Why didn't I think of that?' and for us, it's those little
Mediasite boxes .

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"

Growth in Online Learning
In its 2004 report, Online Distance Education Market Update: A Nascent
Market Begins to Mature, research firm Eduventures predicts that the number of
fully online distance education programs will grow by at least 20 percent for
the next three years and that tuition revenues from these programs currently
represents more than $5 billion annually. In 2004, Citibank participated in NWW in 13 cities and
presented 13 NeighborWorks(R) affiliates with grants of $20,000 from
the Citigroup Foundation to support their ongoing work in the
community .

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Mediasite is a complete rich media recording and publishing system that
automates the capture , management and delivery of multimedia presentations. Further, although the early years
of online learning were dominated by for-profit entities, Eduventures believes
that traditional institutions will overtake the lead based on brand strength
and awareness. Sonic Foundry is based in Madison , Wis.
In each of the grant's three years, the Neighborworks(R) "Train
the Trainer" course will be offered in four markets where Citibank has
a retail banking presence. In addition, the Citigroup Foundation will
sponsor 50 scholarships for staff members of nonprofit organizations
so they can attend one of the five Neighborworks(R) Training
Institutes (NTIs) offered each year.

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Those completing the course
can develop, manage and implement homeownership education and
counseling programs at their individual organizations using a
time-tested curriculum that was developed by NWA's homeownership
experts.

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As an executive program designed for working professionals, the classes
meet for one full day each week on alternating Fridays and Saturdays.

The Arlington, VA-based National Science Teachers Association is the
largest professional organization in the world promoting excellence and
innovation in science teaching and learning for all. Citigroup
is proud to support NCHEC and to continue to partner with
NeighborWorks(R) America to bring "Train-the-Trainer" courses to
communities where they are most needed.

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"We prefer to use Mediasite to
further our digital streaming initiatives because it is a complete and
automated system that provides us everything we need from a technical and
educational standpoint.
"As higher education institutions grapple with the technical challenges
and costs of trying to deliver a quality experience for online learners , they
should consider starting with their strength -- an accomplished faculty
comfortable standing at the front of a classroom," said James Dias, vice
president of marketing and sales for Sonic Foundry .
NWA's "Train-the-Trainer" course is the only national,
HUD-recognized homeownership counseling certification course for
non-profit organizations in the country.

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Certain statements contained in this news release regarding matters that
are not historical facts may be forward-looking statements .

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With Mediasite, every aspect of a presentation is recorded transparently in
real-time, can be accessed immediately and is ready for distribution
instantly.
"NeighborWorks(R) America's long track record as a leader in
offering effective homeownership education and counseling makes our
partnership with them a natural, enabling us to strengthen our
commitment to help low- and moderate-income individuals and families
achieve the dream of homeownership," said Maura Markus, President of
the Citibank Retail Distribution Group.

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