May 30, 2006

Community First Bank to service Charleston Digital Corridor Loan

Charleston Digital Corridor Foundation Release

Charleston, SC. – May 30, 2006 – Following approval of their loan request on May 10, 2006, eSchoolware, a newly formed software company headquartered on Daniel Island, has closed their loan with Charleston-based Community First Bank.

"The loan was closed and proceeds disbursed this past week, less than two weeks after we made our commitment to eSchoolware," said Ernest Andrade, Executive Director of the Charleston Digital Corridor Foundation. "The speed at which the loan was closed validates the efficiency of the Charleston Digital 'Corridor Fund,'" he added.

"The Charleston Digital Corridor Fund's selection of Community First Bank as a partner in its loan program is tremendous," said Lenna Macdonald, CEO of eSchoolware. "We were so impressed with how these two organizations put together a streamlined process allowing eSchoolware to quickly close its loan and immediately put the proceeds to work in growing the business."

The Charleston Digital "Corridor Fund" is capitalized by private businesses interested in growing Charleston's knowledge-based business community. Companies interested in investing in the Corridor Fund are encouraged to contact the Charleston Digital Corridor Foundation.


Ernest Andrade
Executive Director
Charleston Digital Corridor Foundation

Lenna Macdonald, CEO