UPDATE: Business School Scholarship Competition Launched: Helps B-School Candidates Prepare for Admission

SAN FRANCISCO, CA--(Marketwire - March 3, 2008) - Business school candidates worldwide are invited to enter the Beat The GMAT (www.beatthegmat.com) 2008 competition that awards scholarship packages, valued at more than $15,000, to applicants who are qualified and demonstrate need. Co-sponsored by Stacy Blackman Consulting (www.stacyblackman.com) and ManhattanGMAT (www.manhattangmat.com), the Beat The GMAT competition is designed to provide business school candidates with assistance to help them achieve their full potential in the business school application process. This scholarship competition is now accepting applications, with submissions due on May 1.

"It is the hope of Beat The GMAT and our sponsors that the scholarships will make a profound impact on the lives of five deserving individuals," said Eric Bahn, Founder of Beat The GMAT.

The Beat the GMAT Scholarship Competition Will Award Five Prizes:

--  First prize ($7,890 value): GMAT registration ($250 cash), one full
    ManhattanGMAT course, 4-school comprehensive consulting package with Stacy
    Blackman Consulting, MBA admissions consulting company.
--  Second prize ($2,130 value): GMAT registration ($250 cash), one full
    ManhattanGMAT course and 5,000-word application editing consultation with
    Stacy Blackman Consulting.
--  Third prize ($1,960 value): GMAT registration ($250 cash), one full
    ManhattanGMAT course and 2,500-word application editing consultation with
    Stacy Blackman Consulting.
--  Fourth prize ($1,540 value): GMAT registration subsidy ($150 cash),
    one full ManhattanGMAT course.
--  Fifth prize ($1,490 value): GMAT registration subsidy ($100 cash), one
    full ManhattanGMAT course.
    

To be eligible for the scholarship, applicants must have completed college or be in their final year of college and plan to apply to business school within the year. For the application form, visit http://www.beatthegmat.com/scholarship.html. It is open to U.S. and international candidates.

"This year, the top business schools are experiencing a 20-30% increase in applications, making it even more competitive than previous years. With this scholarship program, we are excited to offer assistance to worthy applicants, those who would not otherwise have access to our services, to give them a competitive edge," said Stacy Blackman, President of Stacy Blackman Consulting.

About Beat The GMAT

Beat The GMAT is a GMAT® and business school discussion community featuring expert teachers, free prep material, and scholarships for members. This is the third year Beat The GMAT has hosted this scholarship competition.

About Stacy Blackman Consulting

Since 2001, Stacy Blackman Consulting has helped clients gain admission to every top business school in the world. The company's approach, based on developing and implementing a winning marketing strategy, makes the application process less stressful and more successful.

About ManhattanGMAT

Founded by a New York public junior-high school teacher, ManhattanGMAT is focused exclusively on the GMAT®, and aims to prepare students with the foundational skills and strategies essential for the very high scores required to gain admission into top business schools.

Contact Information: For more media information, contact: Lisa Hendrickson LCH Communications 516-767-8390