News

Questar Assessment Reports Results For Fiscal 2008 First Quarter

BREWSTER, N.Y., April 2, 2008 – Questar Assessment, Inc. (OTCBB: QUSA) today reported decreases in revenue and EBITDA * (earnings before interest, taxes, depreciation and amortization) and an increase in the net loss for its three months ended January 31, 2008 compared to the three months ended January 31, 2007. [more]

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Questar Assessment to Host Fiscal First Quarter Conference Call April 4th At 10 A.M. EDT

BREWSTER, N.Y., April 1, 2008—Questar Assessment, Inc. (OTCBB: QUSA) today announced that company management will host a conference call for investors Friday, April 4 at 10 a.m. EDT to discuss results for the first quarter of fiscal year 2008. A news release detailing the results is scheduled to be issued before the conference call takes place. [more]

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QUESTAR ASSESSMENT TO RESCHEDULE FISCAL Q1 2008 CONFERENCE CALL

BREWSTER, N.Y., March 14, 2008—Questar Assessment, Inc. (OTCBB: QUSA) today announced
that the company is rescheduling its investor conference call, that had been scheduled for March 17,
2008 at 11:00am EDT. The company will be announcing shortly a new date for the call.

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Questar Assessment Reports Fiscal 2007 Revenue, Net Income and EBITDA of $43.3 Million, $304,000 and $6.3 Million, Respectively

BREWSTER, N.Y., JANUARY 29, 2008—Questar Assessment, Inc. (OTCBB: QUSA) today reported increases in revenue, EBITDA * (earnings before interest, taxes, depreciation and amortization) and net income for fiscal 2007 compared to fiscal 2006.  Revenues in the year ended October 31, 2007 increased 83% to $43.3 million from $23.7 million fiscal 2006 mainly due to the Questar Educational Systems, Inc. acquisition, and the increase in existing project revenue. Net income in fiscal 2007 increased to $304,071 or 6 cents per diluted share on 5,193,630 shares outstanding from a net loss of $1,124,845 or 23 cents per basic share on 4,802,835 shares in fiscal 2006.  EBITDA rose to $6.3 million in fiscal 2007 compared to $1.3 million in fiscal 2006.

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Questar Assessment appoints Roy Lipner President and COO

BREWSTER, N.Y., OCTOBER 22, 2007—Questar Assessment, Inc. (OTCBB: QUSA) today announced
that Roy Lipner, 52, has been named President and Chief Operating Officer. He will join Questar
November 1, 2007 and report to Chairman and Chief Executive Officer Andrew L. Simon. He will be
based in Questar’s Apple Valley, Minn. office. The position of COO is a new one for Questar, while
Lipner assumes the title of President formerly held by Simon.

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Questar Assessment, Inc. Introduces Breakthrough Literacy Program

BREWSTER, N.Y., OCTOBER 15, 2007—Questar Assessment, Inc. (OTCBB: QUSA) announced today that it has launched SSSMART, a unique content-area reading assessment program for Grades 4-8. “We are extremely pleased to be able to provide this innovative, breakthrough solution to help educators provide the knowledge, skills and strategies that students need to comprehend the content areas,”
said Andrew L. Simon, Questar President and CEO.

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Questar Assessment, Inc. Awarded Two Year $11.0 Million Contract From The State of Indiana

BREWSTER, N.Y., OCTOBER 8, 2007—Questar Assessment, Inc. (OTCBB: QUSA) today announced that it has been awarded a contract to continue to provide support for the State of Indiana’s Indiana Core 40 End-of-Course Assessment programs for high school students. The new Core 40 program includes the phasing out of the current Graduation Qualifying Exams.

The value of this two year contract is $11.0 million dollars with the possibility of two two-year extensions for a total of six years.

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