AET INKS DEAL WITH LEADING SCIENCE & TECHNOLOGY UNIVERSITY IN EGYPT

CAIRO, EGYPT, March 26, 2001 -- AET (American Educational Telecommunications; http://www.aetmedical.com) has signed an exclusive contract with Misr University for Science and Technology (MUST) in Egypt. Dr. Keith W. Vrbicky, AET's Chairman and Chief Executive Officer, made the announcement.

MUST is the largest private university in Egypt, established in September 1996. The university, located in Sixth October City just outside of Cairo, has a teaching faculty comprised of 150 full and part-time professors. There are seven major colleges - Business Administration and Economics; Engineering; Foreign Languages and Translation; Mass Media and Communication Technology; Medicine; Oral and Dental Surgery; and Pharmacy and Pharmaceutical Industries. The MUST Teaching Hospital is a non-profit health, science and research center.

Via AET's I*NET network, the company will provide for credit course content, training and consultations. "Our goal is to not only serve as a major educational institution for Egypt, but throughout the Middle East and eventually worldwide," said MUST Chancellor Souad A. Kafafi. "With AET we will be able to offer our instructional programs and resources to a much wider audience."

"MUST is one of the most progressive universities in the region and we're looking forward to working with Dr. Kafafi in developing services that will benefit students, patients, and faculty and help them achieve their mission in bringing higher education to all who seek it," said Vrbicky.

AET, established in 1999, is a worldwide innovator in broadcast medicine, distance learning and healthcare administration. AET's I*NET™, a global telecommunications network, unites real-time intercontinental video/audio links, E-1 Internet connectivity and communications satellite transmission technologies to deliver real-time healthcare and education to remote locations around the world. AET provides real-time healthcare services to medical facilities in a number of foreign countries, offering patient consultations and referral services to leading U.S. medical providers. Offices are located in the United States in Omaha and Norfolk, Nebraska, St. Louis, Missouri, and in Cairo, Egypt.

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