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Press Release
Education Management Corporation Closes on Purchase of Two Schools

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 marketing.

Dubrulle International was founded in 1982 and offers diploma programs in culinary arts, baking and pastry, and international hospitality management.

Education Management Corporation ( ) 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 statements.

     Robert T. McDowell
     Executive Vice President and Chief Financial Officer
     (412) 562-0900

     James Sober, CFA
     Vice President, Investor Relations
     (412) 995-7684
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