EGG HARBOR TOWNSHIP, NJ -- (Marketwire) -- 08/16/10 -- Axiologix Education Corporation (http://www.axiologix.net/) (OTCBB: AXLX), an educational software provider, announced today that it has entered into an Investment Agreement for a $5,000,000 equity line of credit with Dutchess Opportunity Fund II, LP.

"We are pleased to be working with Dutchess Capital at such an exciting time in the company's history. We believe there is a significant growth opportunity in the educational software market, and we expect that this financing commitment will help accelerate our development and growth," said John Daglis, Axiologix's CEO.

Douglas Leighton, Managing Director of Dutchess, stated, "We believe in management's efforts to grow Axiologix and this facility provides inexpensive and flexible access capital. Regardless of the ever-tightening capital markets, Dutchess continues to finance the growth of promising companies such as Axiologix."

During the 36-month term of the Investment Agreement, Axiologix has the option to sell shares of its common stock to Dutchess at per share prices to be determined based on a 5% discount to market prices in accordance with an agreed-upon formula. Axiologix will control the timing and amount of any sales of shares sold to Dutchess. The equity line remains subject to certain conditions precedent, including the Securities and Exchange Commission ("SEC") declaring effective a Registration Statement on Form S-1 covering the resale of the shares we sell to Dutchess. A more detailed description of the Dutchess agreement is set forth in Axiologix's Current Report Form 8-K filed with the SEC on August 13, 2010, which should be reviewed carefully in conjunction with this news release.

About Axiologix
Axiologix Education Corporation is an educational software provider consisting of a group of distinguished education professionals recognized for making a substantial contribution to the educational technology community. The company's goal is to become one of the nation's leading partners with school systems K-20, focused on raising student achievement through research-based school designs, uniquely aligned assessment systems, interactive professional development, integrated use of technology and other proven productivity applications in education.

About Dutchess Capital
Dutchess Capital is an investment manager which provides creative financing for promising, growth-stage companies. Founded in 2000, funds managed by Dutchess have made over $200 million in direct investments in companies throughout North America, Europe and Asia. For almost a decade, Dutchess has been a global leader in Equity Line of Credit investments (ELOCs) and has transacted in excess of $1.4 billion in such financings. The ELOC is a flexible financing structure by which publicly traded companies can raise capital quickly, efficiently and with less dilution than most traditional offerings. For more information, please visit: www.dutchessopportunity.com, a fund managed by www.dutchesscapital.com

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Axiologix Education Corporation and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Axiologix Education Corporation and its operations, markets, products, and performance, and other factors detailed in reports filed by Axiologix Education Corporation with the SEC.

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