Exhibit 99.1
 Schedule I Condensed Financial Information of Registrant
 ARCHIPELAGO LEARNING, INC.
 BALANCE SHEET
 As of December 31,2010
    
    
    2009(in thousands)AssetsCash and cash equivalents
    
    $
    15,373
    
    
    $
    48,655Deferred tax assets
    
    
    2,875
    
    
    
    Receivable from subsidiary
    
    
    200
    
    
    
    16Note receivable from subsidiary
    
    
    25,650
    
    
    
    25,650Investment in subsidiaries
    
    
    66,173
    
    
    
    13,184Total assets
    
    $
    110,271
    
    
    $
    87,505Liabilities and EquityTaxes payable
    
    $
    
    
    
    $
    540Due to subsidiary
    
    
    
    
    
    
    3,955Long-term deferred tax liabilities
    
    
    2,954
    
    
    
    Total liabilities
    
    
    2,954
    
    
    
    4,495Commitments and contingenciesStockholders Equity:Preferred stock ($0.001 par value,
10,000,000 shares authorized, none
issued and outstanding at December 31,
2010 and 2009)
    
    
    
    
    
    
    Common stock ($0.001 par value,
200,000,000 shares authorized,
26,354,198 and 25,110,255 shares issued and
outstanding at December 31, 2010 and 2009, respectively)
    
    
    26
    
    
    
    25Additional paid-in capital
    
    
    95,395
    
    
    
    76,072Accumulated other comprehensive income
    
    
    1,531
    
    
    
    Retained earnings
    
    
    10,365
    
    
    
    6,913Total stockholders equity
    
    
    107,317
    
    
    
    83,010Total liabilities and equity
    
    $
    110,271
    
    
    $
    87,505




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STATEMENT OF OPERATIONS
 For the period frominception at August 4,For the Year Ended
    
    
    2009 throughDecember 31, 2010
    
    
    December   31, 2009(in thousands)Interest income
    
    $
    253
    
    
    $
    25Gain (loss) on investment in subsidiaries
    
    
    3,299
    
    
    
    (1,106
    )Net income before tax
    
    
    3,552
    
    
    
    (1,081
    )Provision for income tax
    
    
    100
    
    
    
    Net income
    
    $
    3,452
    
    
    $
    (1,081
    )
 STATEMENT OF CASH FLOWS
 For the period frominception at AugustFor the Year Ended
    
    
    4, 2009 throughDecember 31, 2010
    
    
    December 31, 2009(in thousands)Cash flows from operating activitiesNet income (loss)
    
    $
    3,452
    
    
    $
    (1,081
    )Adjustments to reconcile net income to net cash
provided by operating activities:Accrued interest on intercompany note
    
    
    (182
    )
    
    
    Deferred
income taxes
    
    
    79
    
    
    
    (Gain) loss
on investment in subsidiary
    
    
    (3,299
    )
    
    
    1,106Changes in operating assets and liabilities:Investment in subsidiaries
    
    
    (32,792
    )
    
    
    (16
    )Change in
taxes payable
    
    
    (540
    )
    
    
    Net cash
provided by (used in) operating activities
    
    
    (33,282
    )
    
    
    9Cash flows from investing activitiesNet cash used in investing activities
    
    
    
    
    
    
    Cash flows from financing activitiesContribution
from member in Reorganization
    
    
    
    
    
    
    693Stock offering
    
    
    
    
    
    
    47,953Net cash provided by financing activities
    
    
    
    
    
    
    48,646Net change in cash and cash equivalents
    
    
    (33,282
    )
    
    
    48,655Beginning of period
    
    
    48,655
    
    
    
    End of period
    
    $
    15,373
    
    
    $
    48,655