Information, knowledge, and education have become crucial to success in the New Economy. The education levels demanded by employers have risen consistently over the past decade. Today, the U.S. Labor Department estimates that 85% of the nation's jobs require education above the high school level. Demand for advanced education has already outstripped supply. Consequently, education is the second largest segment of the economy (after healthcare). Industry analysts at Credit Suisse First Boston estimate the domestic for-profit education and training market to be a $95 billion industry annually, growing at 13% per year through 2005. The sector encompasses a wide variety of services including corporate training, K-12 schooling, and post- secondary education for career-oriented students. We are primarily focused on the career- oriented, post-secondary and corporate training segments that together represent a $40 billion market. Some of the drivers of the sector's growth are the increasing demand for skilled employees, the continuing integration of information technology and education, and the increased outsourcing of corporate training. FFL is very interested in participating in this expansive and growing market, and in particular, has targeted sectors with exceptional growth potential such as corporate and non-corporate soft-skills training, commercial art education, and medical training. See: Advanced Career Technologies, Inc.