This newsletter presents information about the status of the Standardization of Postsecondary Education Electronic Data Exchange/Exchange of Permanent Records Electronically for Students and Schools (SPEEDE/ExPRESS), a system developed for the electronic exchange of student academic records. The awarding of the new SPEEDE/ExPRESS contract, the Statistical Networking Applications Project (SNAP) to Sierra Systems Consultants, Inc., is announced in this issue. Sierra, in partnership with Concurrent Technologies Corporation, will provide management and staff support for this project from October 1, 1996 though September 30, 2001, at which time the project will become self-supporting. The SNAP initiative is focused on the development, implementation, and support of specific standard electronic formats to be used to convey administrative educational information between educational entities. This issue also discusses the introduction of the SPEEDE/ExPRESS homepage, which will provide the educational community with information about the project and links to other resources. Other brief reports document progress made in implementing SPEEDE/ExPRESS in Ontario (Canada) and various states, including Iowa, Nevada, Alaska, Texas, California, and Illinois. The development of new guidelines for protecting the privacy of student records is also noted. (SLD)