As for your feedback goes, I'm concerned that you've spent 10 months on a project but don't seem to know the market at all. Have you talked to any schools about it? What made you start the project? Do you have prior experience working with ACMS?
I think your first goal should be to understand the administrative side of catalog management. How do they store/manage catalog information? Is this going to be easier to maintain than their current system? Can you make it easy to port from old systems? How do their systems connect with Bursar office, etc?
I think the biggest problem you will have is that catalog systems are probably integrated into larger ERP systems. Unless you can solve the integration problem you are probably going to have a very hard time selling this.