PITTSBURGH, Oct. 8 /PRNewswire-FirstCall/ -- Education Management Corp.
(Nasdaq: EDMC) today announced that it has closed on its previously-announced
acquisitions of Bradley Academy for the Visual Arts, located in York, PA, and
Dubrulle International Culinary & Hotel Institute of Canada, located in
Vancouver, British Columbia. Dubrulle International will be merged with The
Art Institute of Vancouver, and will become The Art Institutes' 19th culinary
program in North America.
Founded in 1952, Bradley Academy offers associate's degree programs in
graphic design, multimedia design, web design, interior design, and fashion
Dubrulle International was founded in 1982 and offers diploma programs in
culinary arts, baking and pastry, and international hospitality management.
Education Management Corporation ( http://www.edmc.com ) is among the
largest providers of private post-secondary education in North America, based
on student enrollment and revenue. Including the recent acquisitions of AEC
and South University, student enrollment was approximately 50,000 as of the
fall of 2002. EDMC has 66 primary campus locations in 24 states and two
Canadian provinces. EDMC's education institutions offer a broad range of
academic programs in the media arts, design, fashion, culinary arts,
behavioral sciences, health sciences, education, information technology and
business, culminating in the award of associate's through doctoral degrees.
EDMC has provided career-oriented education for over 40 years, and its
education institutions have more than 150,000 alumni.
This press release may include information that could constitute forward-
looking statements made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Any such forward-looking statements
may involve risk and uncertainties that could cause actual results to differ
materially from any future results encompassed within the forward-looking
statements. Factors that could cause or contribute to such differences include
those matters disclosed in the Company's Securities and Exchange Commission
filings. Past results of EDMC are not necessarily indicative of its future
results. EDMC does not undertake any obligation to update any forward-looking
Robert T. McDowell
Executive Vice President and Chief Financial Officer
James Sober, CFA
Vice President, Investor Relations
/Web site: http://www.edmc.com /