Students in rural areas who are
interested in transferring to National University will be able to take
their upper division courses online if a National University campus is
geographically inaccessible. Lee,
chancellor of the National University System and president of National
University."
"I am looking forward to this new challenge and to working with Argosy
University faculty and staff," said Mr.
since 1975. Most recently, Mr.

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It also provides access to and information about the
university to community college students, and to counseling and
teaching faculty not familiar with National University's innovative
and relevant programs and services. National consists of 29
campuses in 11 major metropolitan areas throughout California and
Nevada and offers 62 graduate and undergraduate degree programs and 17
teacher credential programs., Montgomery, Ala.com) is among the largest
providers of private post-secondary education in North America, based on
student enrollment and revenue.

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Finally,
under the agreement, National University will offer an array of
scholarships, including the new California Community College
Scholarship, through which each California community college is able
to award $1,600 to an outstanding transfer student. The flagship institution of the National University System ,
the University was founded in 1971 to make lifelong learning
opportunities accessible, challenging and relevant to a diverse
population of nontraditional learners. ANDERSON, Ind. McKernan, Jr.

, chief executive
officer and vice-chairman of EDMC.

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Additionally, to
encourage students who have transferred from a California community
college to complete their bachelor's degree, National University will
waive the tuition for a transfer student's final two classes.

During his tenure as Chancellor, he has overseen the
transformation of the institution from a family-owned, single location college
offering two-year degrees into a four-campus, Level V Southern Association of
Colleges and Schools (SACS)-accredited University offering associate's,
bachelor's and master's degrees. EDMC has 72 primary campus locations in 24
states and two Canadian provinces.

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Business Editors /Education Editors

LA JOLLA, Calif. South assumes the position as Chairman with oversight of
Argosy 's 13 campus locations and six extension sites in 11 states. EDMC's education 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.

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National University and California Community Colleges Sign Transfer Agreement; Agreement to Increase University Options for Students Throughout California

The agreement enables a smooth transition for students at any of
California's 109 community colleges to National University. National
University will provide pre-transfer advising to students interested
in transferring and will provide all community colleges with
information about preparation requirements for each of National
University's degree programs. His thorough understanding of
University operations and management will be a great addition to the Argosy
University system .

Education Management Corporation (http://www. 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.

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While the state's public
universities have this agreement in place, National University is one
of a few private universities in California engaged in a similar
transfer agreement.ncahlc .

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"
Students will be guaranteed admission to National University if
they achieve a requisite grade point average (GPA).
Through the agreement, National University and the community
colleges are taking steps to make higher education more accessible to
the diverse populations of California.
"With this agreement, we hope to become a preferred destination
for California community college students who are serious about
completing their bachelor's degree with attention to academic quality
and achievement of their educational goals," said Dr. "Based on National University's success with community
college transfers, we are honored to make official our dedication to
seeing a diverse population of community college students through
their upper division coursework to graduation and degree conferral . For more information regarding National
University, please visit the website at www. PITTSBURGH , Education Management
Corporation (Nasdaq: EDMC) announces that John T. South will continue to serve
as Chancellor of South University managing its four campus locations and
online education programs .312.

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"We are pleased to have someone with John's education administration
experience and business expertise leading both the Argosy University system of
schools and South University," said John R . Argosy University is accredited by the Higher Learning
Commission and is a member of the North Central Association (NCA) (30 North
LaSalle Street, Suite 2400, Chicago, IL 60602, 1.

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About National University

Headquartered in La Jolla, California, National University is
California's second -largest independent nonprofit university, with a
statewide enrollment of more than 17,000 full-time equivalent
students. The Argosy University
Board of Trustees has elected Mr. South. "Argosy University is a
university community of skilled and dedicated educators and professionals with
a passion for delivering excellence and my goal is to continue to build on a
tradition of excellence . South's leadership led to
the introduction of the South University School of Pharmacy, a three-year
accelerated program, one of only three in the state of Georgia.

Argosy University (http: //www. These statements are subject to risks, uncertainties and
assumptions, which change over time .

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This agreement
simplifies the process for a student to transfer to National
University. A majority of
National's programs are available through a unique
one-course-per-month format.0456,
http: //www. 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.

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The largest system of higher
education in the nation, the California Community Colleges system
provided educational, vocational as well as transfer programs to more
than 2. Currently, the center is hosting several new business
tenants that have started operations in a transitional building space loaned
by Remy International, Inc.

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Jerry C.cccco.C.

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, in Anderson) will
emphasize the development of emerging manufacturing and electronic
technologies. "As Chancellor of South University, John
has worked closely with EDMC to develop the institution into a premier
provider of high-demand degree programs. EDMC has provided career-oriented
education for over 40 years.

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Contact Arthur Patterson, executive director of
the Flagship Enterprise Center at 765 -778-0266 for more information.

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Argosy University offers doctoral and master's
programs in clinical psychology, counseling and education along with doctoral,
master's and bachelor's degree programs in business administration, bachelor's
degrees in psychology and associate's degree programs in various health
sciences fields.263.

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Students
can transfer units earned toward an associate's degree or lower
division general education credits to National University and receive
credit toward a bachelor 's degree.5 million students currently
in the community college system in California.
"National University is a great addition to the transfer
opportunities for our students," said Mark Drummond , chancellor of the
California Community Colleges."

About the California Community Colleges

The California Community Colleges Chancellor's Office provides
guidance for the 72 districts and 109 colleges that constitute the
California Community Colleges system.

Triformis Clinical Partners with Community Hospital Anderson and Flagship Enterprise Center to Develop Clinical Research Program

As of Fall 2005, Argosy University's enrollment totaled approximately
12,000 students and South University's enrollment totaled approximately 2,800
students.org).edmc.

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.

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I look forward to working with University President
Gregory O'Brien in the further growth and development of this excellent
institution., Columbia, S.

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The main beneficiaries will be the 2.5 million students during academic year 2003-2004.
In addition to his new responsibilities , Mr. and West Palm Beach, Fla.argosyu.

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+ SACRAMENTO, Calif.----National University and the California Community Colleges
Chancellor's Office today announced their joint effort to increase
opportunities for students who begin coursework at a community college
to transfer to National University to complete a baccalaureate degree. South, III has been named
Chairman of the Argosy University education system. South has served as Chancellor of South University with campuses in
Savannah, Ga . South University was acquired by EDMC in 2003.

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John T. South III Named Chairman of Argosy University

"
Mr.

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"This gives students the power of
choice. More
information about the System Office can be found at its website at
www.

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Units that are
completed as part of a transfer plan (the Intersegmental General
Education Transfer Curriculum or the California State University's
General Education Breadth pattern) or associate's degree program for
which students received a passing grade will be accepted . South as Chairman of the Argosy Board of
Trustees.edu) operates 13 campuses and six extension
sites across the nation. Actual results could differ materially from
those anticipated in the forward-looking statements, and future results could
differ materially from EDMC's historical performance.

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The agreement will make it easier for community college
students to transfer to National University and will reduce the costs
for hundreds of students.
National University will waive the $60 application fee for
transfer students to make entry more affordable. That includes 38 online degree programs
and more than 300 online courses, as well as one of higher education's
largest collections of electronic books and journals.edu

The center will provide access to university researchers and
scientists , contact with management consulting, student mentoring
opportunities for research and development support, and access to state-of-
the-art communications. Mr. He has also
managed the introduction of numerous high-demand health professions and
business degree programs while significantly increasing enrollment at the
University.

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