HAWTHORNE, New York - May 18, 2001 - KeepSmart, a leader in continuing education for professionals, including corporate accountants, public accountants, engineers and lawyers, announced today the appointment of Allen S. Greene as Chief Executive Officer.

Mr. Greene had been President and CEO of Veral & Co. L.L.C., a consulting and investment banking firm. Prior to consulting, Greene was COO of Medallion Financial Corp., a publicly traded specialty finance company. Medallion was named one of the 200 best small companies (Forbes Magazine 11/99) during his tenure. Previously, Greene was President and CEO of Ryan Beck & Co., a 50-year old full-service securities and investment banking company. Prior to that, he was Chairman President and CEO of VSB Bancorp and Valley Savings Bank, which were sold to UJB Bancorp (now Fleet) in 1994. While at Valley, Financial World Magazine named him CEO of the Year bronze award winner in 1993 and 1994. Greene has been a Director of numerous public and private corporations.

Dr. William Grollman, who will remain KeepSmart's President, said, "We are very pleased with Allen's appointment. His expertise in leading companies to the next level, and in improving shareholder value, will be a tremendous benefit to us as we move forward." Allen Greene states, "I am very excited about this new opportunity at KeepSmart. The company has tremendous potential and a great team already in place. I believe my expertise will assist us in becoming the leading provider of continuing education in our target verticals."

KeepSmart recently announced a $5.8 million round of financing.

About KeepSmart
KeepSmart, formerly CVE, is a leader in online and offline continuing education for professionals. With over 2,200 hours of content, KeepSmart has been providing mandatory continuing education products since 1981. KeepSmart has experts in the fields of Corporate Accounting, Public Accounting, Law and Engineering. KeepSmart provides services and content to its professional and corporate clients, in a variety of media including Web, CD ROM, and video. KeepSmart's customers include 45% of the Fortune 500, as well as the major firms and associations in each of its vertical markets. Some of the well established KeepSmart products include: FMN and FMN Online, PE Exam Review Course for Civil Engineers, CPA Report and Safe R+: Reinforcement Based Safety. KeepSmart has its headquarters at 12 Skyline Drive, Hawthorne, NY 10532. Phone: 914.345.2620. Fax: 914.345.2660.