September 20, 2007

Argosy University Announces Appointment of Craig D. Swenson As President

CHICAGO, Sept. 20 /PRNewswire/ -- The Argosy University Board of Trustees today announced that Dr. Craig D. Swenson, Ph.D. will serve as the next president of Argosy University succeeding Dr. Gregory M. St. L. O'Brien who recently announced his retirement effective December 31, 2007.

Following a three-month search process, the Argosy Board voted Monday to accept the recommendation of the presidential search committee to appoint Dr. Swenson to the post. He will provide leadership to 18 Argosy University campus locations in 12 states.

Most recently, Dr. Swenson served as Provost and Vice President of Academic Affairs for the Western Governors University in Salt Lake City, Utah. Previously, he held senior administrative and academic positions at the University of Phoenix, including serving as Provost and Senior Vice President for Academic Affairs.

"We are fortunate to have attracted an educator and scholar of Dr. Swenson's caliber to lead Argosy University," said Todd Nelson, President and Chief Executive Officer of Education Management LLC, parent company of Argosy University. "Throughout his career, Dr. Swenson has been a tireless advocate for academic excellence. He brings a unique combination of experiences to our organization and a keen understanding of our mission in service to student success. Not only were we impressed with his proficiency in creating successful academic programs, teaching/learning outcomes assessment programs, and his 'students first' philosophy, but his proven record of success in managing new campuses in a multi-state system was a significant factor as well."

John T. South, III, Chairman of the Board of Trustees, added, "Dr. Swenson is uniquely qualified to serve as the new custodian of Argosy University. As we have recently embarked upon a number of new initiatives to unify the identity of the organization across multiple campuses, the Board is confident in his ability to continue to build equity and value in an Argosy education for its current and future students."

Dr. Swenson earned a Ph.D. in Education/Adult and Organizational Learning from Walden University and a Master of Arts degree in Organizational Communication from Brigham Young University. His Bachelor's degree is in Journalism/Mass Communication from the University of Utah.

He is a member of the U.S. Army Education Advisory Committee and a consultant/evaluator for the Higher Learning Commission of the North Central Association of Colleges and Schools. Dr. Swenson served as a Non-Federal Negotiator for the U.S. Department of Education Negotiated Rulemaking Committee for Accreditation, and was a member of the U.S. Army Distance Education and Training Subcommittee.

He has published and presented extensively in the areas of higher education, organizational management, distance education and faculty development.

About Argosy University

Argosy University (, with 18 campus locations in 12 states, is a private academic institution dedicated to providing undergraduate and graduate degrees to students in a supportive learning environment where academic knowledge is enriched and enlarged by the acquisition of interpersonal skills vital to success. With one of the largest graduate student communities in the nation, Argosy University offers doctoral and master's degree programs in psychology, business, counseling, and education. The institution also offers bachelor's degree programs in psychology and business, and associate's degree programs in various health sciences fields. Argosy University is accredited by the Higher Learning Commission and is a member of the North Central Association (NCA) (30 N. LaSalle Street, Suite 2400, Chicago, IL 60602, (800) 621-7440;

About Education Management LLC

Education Management LLC (, with over 80,300 students as of Fall 2006, is among the largest providers of post-secondary education in North America, based on student enrollment and revenue. Education Management has 78 primary locations in 25 states and two Canadian provinces. Education Management's educational institutions offer a broad range of academic programs concentrated in the media arts, design, fashion, culinary arts, behavioral sciences, health sciences, education, information technology, legal studies and business fields, culminating in the award of associate's through doctoral degrees. Education Management has provided career-oriented education for over 40 years.

Statements in this press release that relate to future results and events, including statements about EDMC's and Argosy University's anticipated financial and operating performance, are forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks, uncertainties and assumptions, which change over time. Forward-looking statements speak only as of the date they are made and EDMC does not undertake any obligation to update these forward- looking statements. Actual results could differ materially from those anticipated in the forward-looking statements, and future results could differ materially from EDMC's historical performance. Factors that could cause or contribute to such differences include: general economic, political and industry conditions; the Company's effectiveness in its regulatory compliance efforts; the effects of extensive and changing regulations on the Company's business; changing market needs and technology; the Company's ability to add and integrate new schools and grow its online programs; increased competition; the Company's ability to recruit and retain key personnel; and other matters disclosed in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K.

Education Management LLC

CONTACT: Jacquelyn P. Muller, Vice President - Public Relations ofEducation Management LLC, +1-412-995-7262, or cell, +1-412-606-9244,[email protected]

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