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CAPELLA EDUCATION COMPANY (CPLA)

Capella Education Company, through its wholly owned subsidiary, Capella University, provides online post-secondary education services in the United States. It offers various doctoral, bachelor's, and master's degree programs in the health and human services, business management and technology, and education disciplines primarily to working adults. The company also provides various learner support services, which include academic services, such as new learner orientation, technical support, academic advising, research services for doctoral degree candidates, writing services, and other online tutoring; library services with access to collection of online journals, eBooks, and interlibrary loan services; and career counseling services, which comprise individualized phone, e-mail and face-to-face communications, online newsletters, online seminars, and conference calls to provide career planning services to learners and alumni. As of December 31, 2006, the company offered approximately 760 courses and 13 academic programs with 75 specializations at the graduate and undergraduate levels to approximately 18,000 learners. Capella Education Company was founded in 1991 and is headquartered in Minneapolis, Minnesota.


LEARNING TREE INTERNATIONAL INC (LTRE)

Learning Tree International, Inc. and subsidiaries engage in the development, marketing, and delivery of a library of instructor-led classroom courses for managers and information technology professionals working in business and government organizations worldwide. The company's courses focus on Web development, operating systems, programming languages, databases, computer networks, computer and network security, wireless technologies, open source applications, project management, leadership and professional development, and other business skills. It offers the Training Passports' and Training Vouchers' multiple course discount programs, as well as the Learning Tree Professional Certification Programs. The Training Passports permit an individual Passport holder to attend up to a specified number of courses during a 12-month period. Learning Tree sells these Passports as either four-course or eight-course Passports. The Training Voucher program enables corporate customers to buy blocks of five or more Vouchers, for future Learning Tree courses to be taken by any person in the client company over a 12-month period. The Learning Tree Professional Certification Program is designed to teach the skills necessary to master a job function. The company offers its courses primarily at its leased education centers in the United States, United Kingdom, France, Canada, Sweden, and Japan, as well as in hotels and conference facilities, and at customer sites. Learning Tree was co-founded by David C. Collins and Eric R. Garen in 1974 and is headquartered in El Segundo, California.


NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC (EDU)

New Oriental Education & Technology Group, Inc. provides private educational services based on the number of program offerings, total student enrollments, and geographic presence in China. It offers a range of educational programs, services, and products consisting primarily of English and other foreign language training; test preparation courses for admissions and assessment tests in the United States, the People's Republic of China, and Commonwealth countries; primary and secondary school education; development and distribution of educational content; software and other technology; and online education. The company also provides professional certification preparation programs for PRC bar, Certified Public Accountant, and civil service exams. It provides educational services under New Oriental' brand. The company also distributes and sells books and other educational materials through its own distribution channels, which consist of bookstores and websites, as well as through third-party distributors. In addition, it provides consulting services to students regarding overseas studies and related processes, such as visa applications. New Oriental Education & Technology Group was founded in 1993 and is headquartered in Beijing, the People's Republic of China.


ITT EDUCATIONAL SERVICES INC (ESI)

ITT Educational Services, Inc. provides technology-oriented postsecondary degree programs in the United States. It offers associate, bachelor and master degree programs, and non-degree diploma programs. As of December 31, 2004, the company had 77 institutes located in 30 states that served approximately 44,000 students. As of the above date, it offered 17 degree programs and diploma programs in various fields of study, including information technology, electronics technology, drafting and design, business, and criminal justice. ITT Educational Services was incorporated in 1946 and is headquartered in Carmel, Indiana.


DEVRY INC (DV)

DeVry, Inc., through its wholly owned subsidiaries, engages in the ownership and operation of DeVry University, Ross University, Deaconess College of Nursing, and Becker Professional Review. DeVry University provides undergraduate programs in technology and business, and Keller Graduate School of Management with graduate programs in management. Ross University operates two schools that include Ross University School of Medicine and Ross University School of Veterinary Medicine located in the Caribbean countries of Dominica and St. Kitts/Nevis. Deaconess College of Nursing offers associate and bachelor's degree programs in nursing and a degree completion program for registered nurses who previously completed an associate degree program. Becker Professional Review prepares candidates for the Certified Public Accountant, Certified Management Accountant, and Chartered Financial Analyst professional certification examinations. DeVry was founded in 1931 and is headquartered in Oakbrook Terrace, Illinois.


STRAYER EDUCATION INC (STRA)

Strayer Education, Inc., through its subsidiary, Strayer University, Inc., offers various academic programs in traditional classroom courses and through Internet. It provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, and public administration through the Internet, Strayer University Online. The company offered its programs through 35 campuses in Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, and Virginia, as well as in Washington, D.C., as of September 30, 2005. The company was founded in 1892 is headquartered in Arlington, Virginia.


PRINCETON REVIEW INC (REVU)

The Princeton Review, Inc. provides classroom-based, print, and online products and services for students, parents, educators, and educational institutions in the United States and internationally. It operates through three divisions: Test Preparation Services, K-12 Services, and Admissions Services. The Test Preparation Services division offers classroom-based and online test preparation courses, as well as tutoring and admissions counseling services. The K-12 Services division provides various services to K-12 schools and school districts to enable primary and secondary school students and teachers in online and print-based assessment, professional development, and face-to-face instruction. The Admissions Services division sells Web-based applications, admissions, and prospect management products to educational institutions. This division also operates Princetonreview.com Web site that provides students, parents, and guidance counselors with additional information that helps them in selection of school, admissions, and financial aid processes. Princeton Review was founded by John S. Katzman in 1981. The company is headquartered in New York City.


MAXIMUS INC (MMS)

MAXIMUS, Inc. provides consulting, systems solutions, and operations program management to state and local government agencies, federal agencies, and commercial customers. The company operates in three segments: Consulting, Systems, and Operations. The Consulting segment provides consulting services for state, county, and community-based child welfare agencies; and assistance to local and state governments to recover available funding from state and federal agencies. It also offers aviation planning and consulting services; financial analysis, fiscal management, and billing services to schools; and consulting, technical support, and software tools to K-12 school districts, charter schools, state departments of education, and not-for profit organizations. The Systems segment implements PeopleSoft applications; provides strategic management and IT consulting services to state agencies; leverages technology, software product solutions, and systems integration to provide a variety of systems solutions; and offers software solutions to manage asset infrastructure; and develops, implements, and supports case management, docketing, scheduling, and report generating software for state and local court systems. The Operations segment provides administrative support for publicly funded health services and health insurance programs; health dispute resolution for federal, state, and local government agencies; manages government workforce-centered service programs; outsourcing, consulting, and system support services to state and local child support programs; and nonresidential correction services, including offender assessment, case management, treatment groups, educational classes, and drug and alcohol testing, as well as the collection of fines, fees, and restitution from individuals. MAXIMUS has its operations in the United States, Canada, Australia, Israel, and the United Kingdom. The company was founded in 1975 and is headquartered in Reston, Virginia.


APOLLO GROUP INC (APOL)

Apollo Group, Inc., through its subsidiaries, provides higher education to working adults. The company offers associate degrees in business, criminal justice, general studies, health administration, and information technology. It provides program development services, which include degree program design, curriculum development, market research, student recruitment, accounting, and administrative services to regionally accredited private colleges and universities. Apollo Group also offers its educational programs worldwide through its computerized educational delivery system. In addition, it provides other services, which include recruiting and training faculty, monitoring academic quality, and providing support services. Further, the company offers professional education programs, such as continuing education for teachers; custom training; environmental training; and other programs leading to certification in the areas of business, technology, and nursing. As of August 31, 2005, Apollo Group offers its programs and services at 90 campuses and 154 learning centers in 39 states, Puerto Rico, Alberta, and British Columbia. The company was founded in 1973 by John G. Sperling and is headquartered in Phoenix, Arizona.


GP STRATEGIES CORPORATION (GPX)

GP Strategies Corporation, through its subsidiaries, provides training, management consulting, and e-learning solutions, as well as engineering services worldwide. The company's products and services include plant, equipment, and process launch assistance; operations and maintenance practice training and consulting services; curriculum development and delivery; facility and enterprise change and configuration management; lean enterprise consulting; plant and process engineering review and re-design; business continuity planning and support services; alternative fuels engineering consulting, facility design, and construction services; business process outsourcing; training outsourcing; e-learning hosting, consulting, and systems implementation; and development and delivery of information technology training. It also provides simulation solutions and services to the nuclear and fossil electric utility industry, as well as chemical and petrochemical industries. In addition, the company provides plant monitoring, security access and control, and signal analysis monitoring and optimization software primarily to the power industry. It serves service managers and executives, engineers, sales associates, plant operators, the maintenance and purchasing workforces, and information technology professionals in the manufacturing, process and energy industries, and other commercial and government customers in North and South America, Europe, and Asia. GP Strategies was incorporated as National Patent Development Corporation in 1959 and changed its name to GP Strategies Corporation in 1997. The company is headquartered in White Plains, New York.


CORINTHIAN COLLEGES INC (COCO)

Corinthian Colleges, Inc. operates as a post-secondary education company in the United States and Canada. As of June 30, 2005, the company operated 46 diploma-granting schools with curricula primarily in the healthcare, business, electronics, and information technology fields; operated 15 campuses, which offer diploma and degree programs in the fields of aircraft, automotive, diesel, marine and motorcycle technologies; information and electronic technologies; and, healthcare; operated 33 degree-granting colleges that offers curricula principally in healthcare, business, criminal justice, and information technology and electronics; operated 34 colleges, which offer diploma programs in allied health, business, and information technology. It also operated 14 corporate training centers that provide onsite, outsourcing, and e-learning services for the corporate market in the areas of skills development and management for business and technology professionals; operated FMU Online and Everest Online, as of the same date. Corinthian Colleges was founded in 1995 and is based in Santa Ana, California.


NOBEL LEARNING COMMUNITIES INC (NLCI)

Nobel Learning Communities, Inc., through its subsidiaries, provides education and school management services for the pre-elementary through 12th grade market. It offers its programs through a network of general education preschools, elementary, and middle schools; programs for learning challenged students; and special purpose high schools. The company also provides summer camps, and before and after school programs. In addition, it offers limited management services to three charter schools in Philadelphia, Pennsylvania. As of November 14, 2005, the company operated 150 schools in California, Florida, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington. The company was founded in 1974. It was formerly known as Nobel Education Dynamics, Inc. and changed its name to Nobel Learning Communities, Inc. in 1998. Nobel Learning Communities is based in West Chester, Pennsylvania.


AMBASSADORS GROUP INC (EPAX)

Ambassadors Group, Inc., together with its wholly owned subsidiaries, operates as an educational travel company that organizes and promotes international and domestic programs for students, athletes, and professionals using the People to People' name. Its Student Ambassador Programs provide an educational opportunity for students in grade school, middle school, and high school to travel to various foreign countries or domestically, to learn about the history, government, economy, and culture of such countries. The company's Sports Ambassador Programs provide an opportunity for student athletes in middle school and high school to explore the host country's culture, and to participate in international tournaments with teams from across the world in up to eight different sports. Its Professional Ambassador Programs provide professionals the opportunity to travel abroad to meet and exchange ideas with foreign citizens, who have similar backgrounds, interests, or professions. In addition, the company offers Conference Programs that provide the opportunity for motivated students to travel domestically and internationally to exchange ideas with renowned speakers, field specific experts, professional educators, and their peers. Ambassadors Group markets its programs through a combination of direct mail and local informational meetings. The company has strategic alliances with Students on Ice, Inc. and Full On (Europe) Limited. Ambassadors Group was founded in 1967 and is headquartered in Spokane, Washington.


CAREER EDUCATION CORPORATION (CECO)

Career Education Corporation (CEC) provides postsecondary education primarily in the United States. It operates through two segments: Colleges, Schools, and Universities (CSU); and Online Education Group (OEG). The CSU segment provides educational services primarily in classrooms or laboratory setting. The OEG segment operates two online educational platforms, including American InterContinental University Online and Colorado Technical University Online, which offers educational services through Internet-based courses. CEC offers various doctoral degree, master's degree, bachelor's degree, associate degree, and diploma programs, such as business studies, culinary arts, health education, information technology, and visual communication and design technologies. The company's business studies program include business administration, business operations, e-commerce, merchandising management, criminal justice, paralegal studies, education, and hospitality management degrees. Its culinary arts programs comprise culinary arts, hotel and restaurant management, and pastry arts. CEC health education programs consists of healthcare management, dental office administration, medical massage science, medical office administration, medical assisting, dental assisting, medical administrative assisting, and massage therapy. The company's information technology programs include PC/LAN, PC/Net, computer technical support, computer network operation, computer information management, and computer programming. CEC visual communication and design technologies programs comprise desktop publishing, graphic design, fashion design, interior design, graphic imaging, Web page design, animation, photography, and visual journalism. As of January 31, 2005, it served approximately 101,500 students throughout 82 campuses located throughout the United States, France, Canada, the United Kingdom, and the United Arab Emirates. CEC was founded in 1994 and is headquartered Hoffman Estates, Illinois.


VIRGIN MEDIA INC (SWIM)

INVESTools, Inc. provides investor education products and services primarily through correspondence and online in the United States. Its products and services provide learning in various interactive delivery formats, including instructor-led synchronous and asynchronous online courses; in-person workshops; one-on-one and one-to-many online coaching programs; and telephone, live-chat, and email support. The company offers Investools Method, an approach to educated investing that is an integration of a disciplined investing process, Web-based tools, personalized instruction, and support. It also provides various courses, such as Stocks Course, a foundational course for experienced and beginning students; Basic Options that provides coaching on trading options; Advanced Technical Analysis, which is designed to teach technical analysis and advanced charting techniques to identify investment opportunities; Advanced Options, a multi-part course designed to teach advanced options; Investools Currency Trader that prepares students to trade in the foreign exchange markets; and Advanced Currency Trader, which expands on the concepts and strategies taught in the Investools Currency Trader course. In addition, the company offers education programs that provide additional online or home study courses, coaching access, and extended access to the Investools Online Web site. Further, INVESTools provides front end trading platforms that allow its customers to trade electronically and provides trading tools and analytics, including tools for implementing options strategies, as well as a range of products, including equities, exchange traded options, futures, mutual funds, and bonds. The company was founded in 1996 and is headquartered in New York, New York.


EVCI CAREER COLLEGES HOLDING CORP (EVCI)

EVCI Career Colleges Holding Corp., through its subsidiary, Interboro Institute, Inc., provides on-campus career college education. Interboro offers degree programs leading to the Associate in Occupational Studies degree and Associate in Applied Sciences degree. It has a main campus in mid-town Manhattan; and an extension center in Flushing, New York and in the Washington Heights section of Manhattan, New York. Interboro also has a college site in Yonkers, New York. The company, formerly known as EVCI Career Colleges Incorporated, was organized in 1997. It changed its name to EVCI Career Colleges Holding Corp. in 2004. The company is based in Yonkers, New York.


UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Universal Technical Institute, Inc. provides post-secondary technical education and training programs for students. As of September 30, 2005, it offered undergraduate degree, diploma, and certificate programs at 10 campuses in the United States, as well as manufacturer-specific advanced training programs at 20 training centers. The company provides programs in automotive, and diesel and industrial, as well as collision repair and refinishing technology. Universal Technical offers services for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. The company provides its technical education programs through campus-based school system. It offers training for various sectors, such as motor freight companies, tier one suppliers, and other firms. The company was founded by Robert I. Sweet in 1965 and is headquartered in Phoenix, Arizona.


LINCOLN EDUCATIONAL SERVICES CORPORATION (LINC)

Lincoln Educational Services Corporation provides career-oriented post-secondary education in the United States. It offers degree and diploma programs to high school graduates and working adults in four principal areas of study, including automotive technology, allied health, skilled trades, and business and information technology. The company offers health programs for medical administrative assistants, medical assistants, pharmacy technicians, and massage therapists. As of August 1, 2005, Lincoln Educational Services operated 32 campuses in 15 states under 7 brands: Lincoln Technical Institute, The Cittone Institute, CEI, Denver Automotive and Diesel College, Nashville Auto-Diesel College, Southwestern College, and New England Technical Institute. As of the above date, it had a combined enrollment of approximately 17,000 students. The company was founded in 1946 and is headquartered in West Orange, New Jersey.