The documents contained in (or directly accessible from) this website include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the company and
any other statements containing the words "believes," "expects," "anticipates," "plans," "estimates" and similar
expressions. There are a number of important factors that could cause Blackboard's actual results to differ materially
from those indicated by such forward-looking statements, including the risks identified in the company's Registration
Statement on Form S-1 and subsequent reports filed with the SEC. The company disclaims any intention or obligation
to update any forward-looking statements as a result of developments occurring after the date such statement was first made.