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BALTIMORE, June 29 /PRNewswire-FirstCall/ -- Educate, Inc. (NASDAQ:EEEE), a pre-K through 12 education services and products company delivering industry leading tutoring as well as highly regarded educational products, as well as high quality supplemental education programs, to families and schools, plans to release second quarter 2006 financial results before the market opens on Thursday, July 27, 2006 and host a conference call to discuss those results at 10:00 a.m. Eastern Daylight Time. R. Christopher Hoehn-Saric, Chairman and Chief Executive Officer, and Kevin Shaffer, Chief Financial Officer, will host the call and present results live to investors and securities analysts. Management invites all interested shareholders, investors and consumers to listen to the call by logging in through the company's website, http://www.educate-inc.com/. What: Educate, Inc.'s presentation of 2006 Second Quarter Financial Results When: Thursday, July 27, 2006 at 10:00 a.m. EDT Where: http://www.educate-inc.com/ How: Live over the Internet: Log on to the Web at http://www.educate-inc.com/ Click on "Investor Relations" and follow the directions to listen to the call. Domestic: (877) 502-9274 International: (913) 981-5584 Access Code: 4506253 The presentation will be available for replay until midnight August 4, 2006. About Educate, Inc. Educate, Inc., (NASDAQ:EEEE) is a leading pre-K-12 education company delivering supplemental education services and products to students and their families. Educate's consumer services business, Sylvan Learning, North America's best-known and most trusted tutoring brand, operates the largest network of tutoring centers, providing supplemental, remedial and enrichment instruction. Its Educate Products business delivers educational products including the highly regarded Hooked On Phonics early reading, math and study skills programs. Catapult Learning, its school partnership business unit, is a leading provider of educational services to public and non-public schools. In its 25 year history, Educate has provided trusted, personalized instruction to millions of students improving their academic achievement and helping them experience the joy of learning. More information on Educate, Inc. can be found at http://www.educate-inc.com/. Forward-looking Statements This release includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company's actual results could differ materially from those described in the forward-looking statements. The following factors might cause such a difference: the development and expansion of the Sylvan Learning franchise system; changes in the relationships among Sylvan Learning and its franchisees; the Company's ability to effectively manage business growth; increased competition from other educational service providers; changes in laws and government policies and programs; changes in the acceptance of the Company's services and products by institutional customers and consumers; changes in customer relationships; acceptance of new programs, services, and products by institutional customers and consumers; the seasonality of operating results; global economic conditions, including interest and currency rate fluctuations, and inflation rates. Additional information regarding these and other risk factors and uncertainties are set forth from time to time in the Company's filings with the Securities and Exchange Commission, available for viewing on the Company's website http://www.educate-inc.com/. (To access this information on the Company's website, click on "Investor Relations" and then "SEC Filings".) All forward- looking statements are based on information available to the Company on the date of this Release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kevin Shaffer Educate, Inc. 410/843-6848 DATASOURCE: Educate, Inc. CONTACT: Kevin Shaffer of Educate, Inc., +1-410-843-6848 Web site: http://www.educate-inc.com/

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