CollegeNET, Inc., a provider of Web-based, on-demand technologies and the creator of CollegeNET.com, the social network through which students create topics, write about them and vote to determine who will win scholarships, today announced it is a recipient of Portland Business Journal's Corporate Philanthropy Award. The award celebrates regional organizations that are giving back to their community and congratulates them on their continued corporate citizenship.

CollegeNET is well established in the higher education sector providing more than 1,300 institutions worldwide with Web-based services for event and academic scheduling, admissions, tuition processing, IT service and prospect management, alumni development and e-mail management. Seeing a need for a scholarship system that encourages students to actively learn from each other as they seek scholarships, the company introduced CollegeNET.com in 2007. This site encourages students to frame topics of interest, and explain their viewpoints through a social network. CollegeNET is currently sponsoring $50,000 a quarter in open scholarships for college students at this site. Each winner is determined by peer-voting in an open election.

"CollegeNET is honored to be recognized for our work in the higher education sector—both locally in Portland, and throughout the United States," said Ed Trachtenbarg, Vice President of Finance, CollegeNET. "To date, CollegeNET.com has sponsored awards totaling more than $440,000 for more than 130 college students. We appreciate the recognition for offering these scholarships, providing aid to local schools via annual school supply and food drives, and donating office space and services to the non-profit Education Conservancy."

Media Contacts:
Schwartz Communications, Inc.
Allison Bedard or Naomi Evarts
415-512-0770
CollegeNET@schwartz-pr.com

About CollegeNET, Inc.
CollegeNET, Inc. builds Web-based, on-demand technologies that help institutions improve operational efficiency, enhance communication with constituents and save money. The company's systems are used by more than 1,300 organizations worldwide for event and academic scheduling, prospect and admissions management, Web-based tuition processing, IT change management and alumni development. CollegeNET operates a fast-growing social network through which students create topics, write about them, and vote to determine who will win scholarships. Today, this site—www.CollegeNET.com—is one of the Internet's most popular destinations for college-bound students. The company is headquartered in Portland, Oregon.