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				1962 EDMC was incorporated in Pennsylvania. 1970 The Company makes its first acquisition, The Art Institute of Pittsburgh, offering art and design programs. 1971 Robert B. Knutson (retired Chairman of the Board) becomes President and Co-Chief Executive Officer of the Company 1971-1985 During the 1970s to the mid-1980s, EDMC grew through starting and acquiring eight additional schools. The Company expanded these schools by investing in facilities and equipment, upgrading and adding faculty and student services, new academic programs, and establishing a national marketing presence. 1988 In October, The Art Institute of Fort Lauderdale introduces the Company's first bachelor's programs. 1994 EDMC begins to implement strategic changes to position the Company for increased growth: network and classroom technology; new education program offerings; establish or acquire schools in attractive markets; and initiatives to improve graduation rates and graduates' starting salaries. October 1995 The Art Institute of Pittsburgh celebrates its 75th anniversary. November 1995 The Company acquires the Ray Vogue School and renames the main campus The Illinois Institute of Art — Chicago and the suburban campus The Illinois Institute of Art — Schaumburg. January 1996 EDMC opens its first start-up school, The Art Institute of Phoenix. August 1996 EDMC acquires The New York Restaurant School, now The Art Institute of New York City. October 1996 The Company completes an initial public offering, raising approximately $45 million. January 1997 EDMC acquires Lowthian College in Minneapolis and renames the school The Art Institutes International Minnesota. October 1997 EDMC opens a new school, The Art Institute of California - Los Angeles. December 1997 EDMC acquires the Louise Salinger Academy of Fashion in San Francisco and renames the school The Art Institute of California - San Francisco February 1998 The Company acquires Bassist College in Portland, Ore. and later renames the school The Art Institute of Portland. October 1998 EDMC purchases the Socrates Distance Learning Technologies Group, an online learning content development and training facilitator. December 1998 EDMC announces a 2-for-1 split of its Common Stock. August 1999 The Company acquires Massachusetts Communications College, located in Boston. The school is now named The New England Institute of Art. The Company also acquires the American Business & Fashion Institute, in Charlotte, NC. The school is renamed The Art Institute of Charlotte. October 1999 EDMC receives approval from the Pennsylvania Department of Education to offer bachelor's degree programs at The Art Institute of Pittsburgh and The Art Institute of Philadelphia. The Art Institute of Atlanta celebrates its 50th anniversary. July 2000 Classes begin at two new schools, The Art Institute of Los Angeles — Orange County and The Art Institute of Washington in Arlington, Virginia. August 2000 The Illinois Institute of Art — Schaumburg introduces the Center for Professional Development, a series of academic programs for working professionals. The Company's new distance learning division, The Art Institute Online, is approved to offer associate's and bachelor's degrees in Graphic Design. October 2000 EDMC acquires The Art Institute of California in San Diego. April 2001 EDMC acquires The Design Institute and renames it The Art Institute of Las Vegas. July 2001 EDMC and Argosy Education Group announce a merger/acquisition to be completed by the end of the calendar year. September 2001 Education Management acquires certain assets of ITI Education Corporation based in Halifax, Nova Scotia, Canada. The purchase included schools in Halifax, Toronto, and Vancouver. ITI offers a post-graduate business education program. EDMC acquires International Fine Arts College (IFAC) located in Miami, Florida. December 2001 EDMC completes a stock offering of 5,175,000 shares of its common stock, including approximately 4,165,000 shares sold by the Company, raising $127 million of additional equity. The Education Management Corporation acquisition of Argosy Education Group is completed on December 21, 2001. September 2002 EDMC opens a new campus, Argosy University — Dallas. October 2002 EDMC acquires the Center for Digital Imaging and Sound (CDIS) in Burnaby, British Columbia, Canada; and, The California Design College, located in Los Angeles, California. November 2002 EDMC completes the acquisition of The Institute of Digital Arts (IDA), located in Richmond, British Columbia, Canada. April 2003 EDMC announces acquisition of South University, of Savannah, Georgia. June 2003 EDMC announces purchase of Dubrulle International Culinary & Hotel Institute of Canada, in Vancouver, British Columbia. EDMC announces purchase of American Education Centers, headquartered in Cincinnati, and its 18 affiliated schools. July 2003 EDMC closes purchase of South University, of Savannah, Georgia. September 2003 EDMC names John R. McKernan as chief executive officer. Robert B. Knutson remains as company chairman. October 2003 EDMC closes purchase of Bradley Academy for the Visual Arts in York, PA; and, Dubrulle International Culinary & Hotel Institute of Canada, in Vancouver, British Columbia. November 2003 EDMC announces a 2-for-1 split of its Common Stock. January 2004 EDMC opens The Art Institute of Tampa and Argosy University Tampa. April 2004 South University announces online bachelor's degree programs to launch in July 2004. The Art Institute of Ohio - Cincinnati announces plans to begin classes in July 2004. July 2004 South University launches first online bachelor of science degree programs in information technology and business administration. November 2004 In an effort to provide a common identity among its 18 schools, American Education Centers name is changed to Brown Mackie College. Brown Mackie College — Miami opens its doors. February 2005 EDMC's Western State University College of Law is granted provisional accreditation approval by the American Bar Association. April 2005 Brown Mackie College — Denver is launched. January 2006 Two new Art Institute schools open as The Art Institute of Indianapolis and The Art Institute of California — Inland Empire. February 2006 EDMC takes 40,000 square feet to consolidate 275 employees working in its fast-growing, online higher education division. March 2006 Education Management Corporation announces agreement to be acquired by a consortium of investors for $43 per share in $3.4 billion transaction. June 2006 On June 1, 2006, a consortium of investors acquired Education Management in a transaction valued at approximately $3.4 billion. The principal investors in Education Management are Providence Equity Partners, Goldman Sachs Capital Partners and Leeds Equity Partners. Robert B. Knutson officially retires as chairman of the board of directors for EDMC. The new Argosy University — Inland Empire celebrates its first day of classes. July 2006 The new South University — Tampa opens its doors to new students and becoming the fifth location for South University. August 2006 South University’s School of Pharmacy receives full accreditation by the Accreditation Council for Pharmacy Education (ACPE). September 2006 EDMC's Argosy University launches five programs online through Argosy University's online division. October 2006 EDMC announces the new Art Institute of Tennessee — Nashville and relocates Argosy University — Nashville to a co-location. January 2007 South University Receives 10-year accreditation from the Commission on Colleges, Southern Association of Colleges and Schools. February 2007 EDMC appoints Todd Nelson as Chief Executive Officer. Jock McKernan is appointed Executive Chairman. April 2007 The new Art Institute of Charleston holds its first day of classes. May 2007 The Brown Mackie College school locations in Indiana begin offering Bachelor of Science degree programs in Legal Studies, Criminal Justice, and Business Administration – the first bachelor-level degree programs for the school system. June 2007 EDMC finalizes acquisition of Tucson Design College and Chaparral College in Tucson, AZ and renames the schools The Art Institute of Tucson and Brown Mackie College – Tucson. July 2007 Brown Mackie College – Louisville celebrates its relocation to a new 25,000 square foot school with ribbon cutting ceremony. Argosy University introduces its first four-year bachelor’s degree programs. August 2007 The Art Institute of Salt Lake City in Draper, UT holds its first day of classes. October 2007 The new Art Institute of California – Sacramento opens its doors to students. November 2007 Located in Novi (a suburb of Detroit), the new Art Institute of Michigan holds its first day of classes. The culinary programs offered at The Art Institutes system of schools are renamed as “The International Culinary Schools at The Art Institutes.” The Art Institute of Ohio – Cincinnati celebrates its relocation to a new facility with special grand opening ceremony. December 2007 EDMC files a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. January 2008 Craig Swenson, PhD, begins serving as the new president of Argosy University. Brown Mackie College – Indianapolis holds its first day of classes. The school is the fifth Brown Mackie College location in Indiana. The Art Institute of Atlanta – Decatur opens its doors to students. The school is a satellite campus of The Art Institute of Atlanta.