Dear Student,

We are pleased with the opportunity to work with you. It is our mission at Prosper, Inc. to ensure that we do everything we can to help you achieve your goals. Throughout the coming months you will be receiving monthly, online Prosper Newsletters. The newsletter will provide you with the resources to stay in touch with us, as well as secrets for success, both in your personal and financial goals. We also feel that it is important to keep you up to date on all the exciting changes and happenings within our company. In addition to these features, we will share the stories of other clients just like yourself, whose hard work has proven successful. As you read on, you will notice a section for each of the five areas we coach our clients in. Feel free to explore what is happening in other divisions, while paying extra close attention to what is happening in your own. We encourage you to use the resources provided in the Prosper Newsletters to move along on the road to success. That’s where you want to be, and that’s where we’re going to take you.

Sincerely,

Your friends at Prosper, Inc.

Prosper, Inc. named a 2005 Ernst & Young Entrepreneur of the Year ®

Provo, Utah – July 5, 2005 – Prosper, Inc. is pleased to announce the awarding of its most recent title. The business was announced as the winner in the area of Marketing/Communications of Ernst & Young’s 2005 Utah Entrepreneur of the Year at the awards ceremony held at the Salt Palace Convention Center in Salt Lake City on Thursday, June 30.

Prosper, Inc., one of eight winners for Utah, was chosen out of twenty-four finalists. Prosper, Inc. impressed the judges with the innovation they showed and the success they achieved.

This prestigious award is meant to recognize entrepreneurs for their vision, leadership, and ability to grow the successful businesses that help sustain the economy. As a Utah winner, Prosper, Inc. is now eligible for the national Entrepreneur of the Year award, to be announced in November.

Prosper, Inc. founders and owners, Willis and Garn were especially touched at the announcement of this award, as they’ve watched the business grow from a mere idea. Willis and Garn feel that the award belongs to everyone at Prosper, Inc. “An award like this pays tribute to all of the 298 employees, many of which are long-time friends and family we have worked with for many years. We are doing this as a team. We are celebrating this together, and the best part is that we’re just getting started,” said Willis.

Lieutenant Governor, Gary Herbert was present at the event and congratulated Willis and Garn on their award.

Prosper, Inc. enables the well-branded organizations to capture a new market segment by creating a student base, developing a certified and/or accredited education curriculum, educating students, and managing student relations. Prosper has experienced tremendous growth in the past five years, evolving from a company started by a few college friends to becoming an Ernst & Young Entreprenuer of the Year award winner . “We hope this award will help people recognize there are lots of companies in Utah Valley that can foster lots of opportunities for economic development,” Garn said. Prosper, Inc. is a Provo-based company with over 300 employees in two locations. Prosper, Inc.’s work environment fosters excellence, innovation and dedication to the company’s vision which promotes growth and satisfaction in the lives of its employees and students.

Ernst & Young is a global leader in professional services. They are committed to building people’s trust in professional services firms and the quality of financial reporting. Their Entrepreneur of the Year program is meant to honor those entrepreneurs who have a good idea and an even better method of making that idea happen. People like Jeff Bezos of Amazon.com, Howard Schultz of Starbucks Corp., and Maxine Clark of Build-a-Bear Workshop are all past Entrepreneurs of the Year.