Education Management Corporation Purchases Las Vegas School

Apr 17, 2001, 01:00 ET from Education Management Corporation

    PITTSBURGH, April 17 /PRNewswire/ --
 Education Management Corp. (Nasdaq:   EDMC) today announced the purchase of The
 Design Institute in Las Vegas.  The school will be renamed The Art Institute
 of Las Vegas.  Financial terms were not disclosed.
     The Design Institute, accredited by the Accrediting Commission of Career
 Schools and Colleges of Technology (ACCSCT), has an enrollment of
 approximately 190 students.  The school offers students a bachelor's degree
 program in interior design, and associate's degree and diploma programs in
 interior design, drafting technology and graphic design.
     The school becomes Education Management's 24th post-secondary education
 institution, its 23rd Art Institute and its first in Nevada.
     "The tremendous growth in Las Vegas makes it an important market as
 employers seek graduates in the fields offered by our schools," said Robert B.
 Knutson, Chairman and Chief Executive Officer of EDMC.  "We plan to introduce
 other majors offered at The Art Institutes as accreditation and state
 approvals are received, including a culinary arts program to serve the strong
 demand in Las Vegas."
     "We are extremely pleased to become part of The Art Institutes system of
 schools," said Nancy Wolff, President of The Design Institute.  "The expansion
 into other majors that are taught by The Art Institutes will bring us a more
 diverse student body and make The Art Institute of Las Vegas a more dynamic
 organization."
     EDMC is among the largest providers of proprietary post-secondary
 education in the United States, based on student enrollment and revenue.
 EDMC's 24 education institutions offer bachelor's and associate's degree
 programs and non-degree programs in the areas of design, media arts, culinary
 arts, fashion and paralegal studies.  The Company has provided career-oriented
 education programs for over 35 years, and its Art Institutes
 (www.artinstitutes.edu) have graduated more than 125,000 students.
 
     This press release may include information that could constitute forward-
 looking statements made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Any such forward-looking statements
 may involve risks 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.
 
 

SOURCE Education Management Corporation
    PITTSBURGH, April 17 /PRNewswire/ --
 Education Management Corp. (Nasdaq:   EDMC) today announced the purchase of The
 Design Institute in Las Vegas.  The school will be renamed The Art Institute
 of Las Vegas.  Financial terms were not disclosed.
     The Design Institute, accredited by the Accrediting Commission of Career
 Schools and Colleges of Technology (ACCSCT), has an enrollment of
 approximately 190 students.  The school offers students a bachelor's degree
 program in interior design, and associate's degree and diploma programs in
 interior design, drafting technology and graphic design.
     The school becomes Education Management's 24th post-secondary education
 institution, its 23rd Art Institute and its first in Nevada.
     "The tremendous growth in Las Vegas makes it an important market as
 employers seek graduates in the fields offered by our schools," said Robert B.
 Knutson, Chairman and Chief Executive Officer of EDMC.  "We plan to introduce
 other majors offered at The Art Institutes as accreditation and state
 approvals are received, including a culinary arts program to serve the strong
 demand in Las Vegas."
     "We are extremely pleased to become part of The Art Institutes system of
 schools," said Nancy Wolff, President of The Design Institute.  "The expansion
 into other majors that are taught by The Art Institutes will bring us a more
 diverse student body and make The Art Institute of Las Vegas a more dynamic
 organization."
     EDMC is among the largest providers of proprietary post-secondary
 education in the United States, based on student enrollment and revenue.
 EDMC's 24 education institutions offer bachelor's and associate's degree
 programs and non-degree programs in the areas of design, media arts, culinary
 arts, fashion and paralegal studies.  The Company has provided career-oriented
 education programs for over 35 years, and its Art Institutes
 (www.artinstitutes.edu) have graduated more than 125,000 students.
 
     This press release may include information that could constitute forward-
 looking statements made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Any such forward-looking statements
 may involve risks 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.
 
 SOURCE  Education Management Corporation