Argosy Education Group Inc. is a for-profit provider of doctoral level programs. The Company's mission is to provide academically oriented, practitioner-focused education in fields with numerous employment opportunities and strong student demand. In addition to doctoral and masters degrees in psychology, education, business and law, the Company also awards bachelor's degrees in business, associate degrees in health sciences and diplomas in information technology. For the 2000-2001 school year, approximately 61% of the Company's students were enrolled in doctoral programs. In 2000, the Company graduated approximately 264 clinical psychology doctoral students out of approximately 1,648 psychology doctoral degrees conferred nationwide. The Company operates 18 campuses in nine states and the Province of Ontario, Canada, and had a total of approximately 5,700 students, representing 50 states and 20 foreign countries, enrolled for the 2000-2001 school year. On July 9, 2001, the Company entered into an Agreement and Plan of Merger with Education Management Corporation (EDMC) and HAC, Inc., a wholly owned subsidiary of EDMC, pursuant to which HAC will merge with and into the Company, with the Company continuing as the surviving corporation. In December 2001, the Company was acquired by Education Management Corp. American Schools of Professional Psychology (ASPP) grants doctoral and master's degrees in clinical psychology and related disciplines at ten campuses located in Illinois (two), Minnesota, Georgia, Virginia, Hawaii, Arizona, Florida, California and Washington. ASPP is accredited by the Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), and six of its campuses are accredited by the American Psychological Association (APA). University of Sarasota (U of S) grants doctoral, master's and bachelor's degrees at three campuses located in Sarasota, Florida, Tampa, Florida, and Orange, California. U of S was accredited by the Southern Association of Colleges and Schools (SACS) until September 1, 2001 and is now accredited by NCA. Medical Institute of Minnesota (MIM) grants associate degrees at one campus in Minneapolis, Minnesota. MIM is institutionally accredited by the Accrediting Bureau of Health Education Schools (ABHES), and additionally holds individual programmatic accreditation appropriate to each degree program offered, and is now accredited by NCA. Western State University College of Law (WSU) grants the juris doctor degree at one campus in Fullerton, California. The institution is provisionally accredited by the American Bar Association and is regionally accredited by the Western Association of Schools and Colleges. John Marshall Law School (JMLS) grants the juris doctor degree at one campus in Atlanta, Georgia. The school is approved to award the J.D. degree by the Supreme Court of Georgia. PrimeTech Institute (PrimeTech) awards diplomas at two campuses in Ontario, Canada. Ventura also publishes materials and holds workshops in select cities across the United States to prepare individuals to take various national and state administered oral and written healthcare licensure examinations in psychology and other mental health disciplines. On March 1, 2001, the Company acquired all of the outstanding common stock of The Connecting Link, a privately held provider of continuing professional education for kindergarten to grade 12 teachers. The Connecting Link provides graduate-level, continuing education courses to educators. The Connecting Link partners with local, regionally accredited institutions that provide the credit for each of these courses, after approving the instructors and curricula developed by The Connecting Link. Students then apply these credits toward career advancement and/or continuing education requirements of their state's teacher license. On September 1, 2001 three of the Argosy Education Group, Inc. schools, ASPP, U of S and MIM were merged to create Argosy University.

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