Achieva - Press Release February 5, 2001

ACHIEVA.COM RAISES $22 MILLION IN FINANCING

Strategic Investments by Seligman and TCV Fuel Growth in Achieva.com's Product Offerings for Schools Nationwide

SAN MATEO, California - February 5, 2001 - Achieva.com, the only comprehensive online student college prep service provider for schools, today announced completion of a $22 million financing round, raising new equity from top-tier institutional investors. This round of funding, led by J. & W. Seligman & Co. (Seligman) and including Technology Crossover Ventures (TCV), builds on Achieva.com's early funding of $15 million led by TCV in April 2000.

"Our decision to invest in Achieva.com is driven by our confidence in the company's management, its vision, and its proven success in the education market," said Rick Friedman, Technology Crossover Ventures. "As a lead investor, we are delighted to lend our support to Achieva.com to help solidify its position as a market leader in education, the next 'killer app' of the Internet."

This latest round of funding will fuel Achieva.com's aggressive product development program, enabling the company to expand its range of tailored services to large middle and high schools across the country. Funds from the round will also be used as general working capital, and for accelerating strategic partnerships and acquisitions.

"New capital from leading investors and venture capital firms like Seligman and TCV is a strong endorsement of our ability to deliver value to large school districts nationwide, and realize the potential of technology in the multi-billion-dollar education market, " said Carlos Watson, co-founder and CEO of Achieva.com.

About Achieva.com

Based in San Mateo, Achieva.com is the leading comprehensive online college prep service for middle and high school students. Achieva.com's online courses incorporate its proven college guidance approach combining study strategies and tools, admissions counseling, test preparation, and detailed scholarship, financial aid and college information. Achieva is an independent venture owned by its investors, management and employees and can be contacted at 1 (800) 566-5030 and at http://www.achieva.com.

About J. & W. Seligman

J. & W. Seligman & Co. Incorporated was founded in 1864. Based in New York City, Seligman is an investment manager and advisor with more than $40 billion in assets under management as of June 30, 2000. The Seligman Technology Group, a division of Seligman, managed approximately $15 billion in technology assets as of Sept. 30, 2000, including more than $1 billion in venture capital assets, on behalf of its clients, representing investments in more than 135 private technology companies. With respect to its venture capital investments, the Group focuses on the Internet and new media, broadband and fiber optics, digital consumer electronics, biometric technology, and wireless communications and computing areas.

About Technology Crossover Ventures

Technology Crossover Ventures, one of the largest multi-stage venture firms in the country, was founded in 1995 to capitalize on the emergence of the Internet and to create a new model for Internet investing. Since its founding, TCV has invested in more than 70 Internet companies, with such business-to-business successes as Ariba, C|NET, and Copper Mountain. The firm's primary Internet focus includes: business-to business, Internet infrastructure, eBusiness applications, and Internet services.