Education & Distance Learning Enthusiasts- Wal-Mart Stores Inc. Signs Capella University as Preferred Online Education Provider

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Wal-Mart Stores Inc. Signs Capella University as Preferred Online Education Provider

Business Wire - January 5, 2004

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MINNEAPOLIS--(BUSINESS WIRE)--Jan. 5, 2004

More than 1.2 million Wal-Mart associates and their families

become eligible for higher education benefits at Capella

Capella University, an accredited online university headquartered in Minneapolis, announced today that it has been selected by Wal-Mart Stores Inc., the world's largest retailer, as a preferred online education provider. With the launch of Wal-Mart's new My Education Connection benefits program, 1.2 million Wal-Mart associates and their family members will have the opportunity to earn bachelor's, master's and doctoral degrees online at Capella University. Wal-Mart selected Capella University from a national field of e-learning universities because of the quality of its degree programs as well as its unequaled customer service for students.

Wal-Mart's My Education Connection is a benefit that offers associates the opportunity to take online courses from preferred education providers with the benefit of negotiated tuition discounts. The program becomes available to all Wal-Mart associates across the United States this month.

"This agreement with Capella University gives our associates greater flexibility in earning undergraduate and graduate degrees - anytime, anywhere," said Charles Baldwin, vice president of Wal-Mart's People Development Group. "It doesn't matter where they live, which of our locations they work at, or what time of day or night they want to study. This collaboration with Capella allows Wal-Mart associates throughout the United States to earn advanced college degrees from a high-quality, accredited institution at their convenience - and get the personal support they need to meet their educational goals. Capella's learner support services -- provided while associates continue to work -- made Capella the clear leader. We're delighted to offer this value-added benefit to all of our associates."

"We are thrilled to be selected by Wal-Mart for its new educational program," said Capella University President Mike Offerman. "This is a great opportunity for us to reach across America and provide a full spectrum of higher educational programs that meet the specific needs of working adults."

Rick Neal, an application developer at Wal-Mart headquarters, is currently a Ph.D. student at Capella University. While Mr. Neal earned his bachelor's and master's degrees at traditional universities, he highly recommends the online experience at Capella. "The coursework and interaction with other learners sets the stage for new discoveries and connections that I've never experienced before," said Mr. Neal.

About Capella University

Capella University is an online academic institution accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools(a). Founded in 1993 to serve working adults and employers, Capella University offers degree programs and certificates in business, technology, education, human services and psychology. The university serves more than 9,000 adult learners in 50 states and in 40 countries. Capella University is affiliated with the for-profit Capella Education Company, headquartered in Minneapolis. For more information, please visit www.capellauniversity.edu or call 1.888.CAPELLA.

(a) Capella University is accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools, located at 30 N. LaSalle, Suite 2400, Chicago, IL 60602-2504, (312) 263-0456, www.ncahigherlearningcommission.org.

About Wal-Mart Stores Inc.

Wal-Mart Stores, Inc., operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM'S CLUBS in all 50 states. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Brazil, Germany, United Kingdom, Argentina, and South Korea. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. Last year, Wal-Mart Stores, Inc., contributed more than $140 million to support communities and local nonprofit organizations. Customers and associates raised an additional $70 million at stores and clubs. More information about Wal-Mart can be located on-line at www.walmartstores.com and www.walmart.com. The SAM'S CLUB Web site can be accessed at www.samsclub.com. And more information about Wal-Mart's Good. Works. community involvement is available online at www.walmartfoundation.org.

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