Estacio Announces New Chief Financial and Investor Relations Officer

Aug 07, 2008, 01:00 ET from Estacio Participacoes S.A.

    RIO DE JANEIRO, Brazil, Aug. 7 /PRNewswire-FirstCall/ -- ESTACIO
 PARTICIPACOES S.A. (Bovespa: ESTC3; the "Company"), announced today in
 Brazil that its Board of Directors has elected Mr. Lorival Nogueira Luz
 Junior as the Company's Chief Financial and Investor Relations Officer.
     Mr. Luz, a Brazilian citizen, is a business administrator with 17 years
 experience in the financial industry and various specialization courses on
 finance in Brazil and abroad. He was the Executive Treasury Officer at
 Banco Citicard until July 2008. Earlier, he held the same position at
 Credicard, the leading credit card company in Brazil, where he played a key
 role in its conversion to a retail bank. During these 17 years, he also
 served as Corporate Bank Chief of Staff, Senior Relationship Manager,
 Senior Treasury and Loan Products Manager, and as an analyst in the
 financial controllership department of Citibank in Brazil.
     His fields of experience comprise enterprise mergers, structuring and
 development of funding strategies, investment analysis and capital
 allocation, controllership, process review, performance measurement and
 management reporting. He was also responsible for customer relationships
 with large domestic and multinational groups while with the Central Bank of
     According to Mr. Joao Rosas, Estacio's CEO, "With the appointment of
 Mr. Luz as the new CFO, the executive board of Estacio is now complete,
 with a highly qualified and motivated team focused on maximizing our
 Company's results based on a strict control of costs and expenses, our
 growth in the post-secondary education market in Brazil and the quality of
 our degree programs."
Investor Relations Carlos Lacerda Phone: +55 21 2433 9789 Fernando Santino Phone: +55 21 2433 9790 About Estacio Participacoes Estacio Participacoes S.A. (BOVESPA: ESTC3), the largest private post-secondary education institution in Brazil in number of students, has approximately 198,000 undergraduate students enrolled in its programs (March/2008) and reported a net revenue of R$238 million in the first quarter of 2008.

SOURCE Estacio Participacoes S.A.