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Argosy Elects Jeffrey Leeds to Board of Directors.


Business Editors

CHICAGO--(BUSINESS WIRE)--Sept. 5, 2000

Argosy Education Group, Inc. (Nasdaq: ARGY) today announced the election of Jeffrey T. Leeds to its board of directors.

"Mr. Leeds brings to his new role an outstanding record of achievement as a private equity investor," said Michael C. Markovitz, Ph.D., chairman of the board. "His experience, skills and contacts in these fields will enable him to contribute significantly to Argosy's future growth."

Mr. Leeds replaces Theodore J. Herst, who is retiring.

Mr. Leeds, 44, is co-founder and a principal of Leeds Equity Partners III, a private equity fund established in 1999, and a co-founder and principal of Advance Capital, a private equity fund established in 1995. In addition, he is president of Leeds Group Inc., a registered broker-dealer that undertakes transactional assignments on behalf of Leeds Equity Partners and Advance Capital, as well as unaffiliated entities.

From 1986 to 1993, Mr. Leeds specialized in mergers and acquisitions and corporate finance at the investment banking firm of Lazard Freres & Co. Mr. Leeds, who also is a lawyer, served as a law clerk law clerk
n.
A person, typically an attorney, employed as an assistant to a judge or another attorney, especially in order to gain legal experience.
 to the Hon. William J. Brennan, Jr., of the Supreme Court of the United States Supreme Court of the United States

Final court of appeal in the U.S. judicial system and final interpreter of the Constitution of the United States. The Supreme Court was created by the Constitutional Convention of 1787 as the head of a federal court system, though it was
 during the 1985 October term. Earlier he practiced corporate law at Cravath, Swaine & Moore in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

Mr. Leeds currently is a member of the board of directors of Edison Schools Edison Schools Inc. is a for-profit company that manages public schools in the United States and the United Kingdom. It was founded in 1992. History
Edison Schools was widely hailed at the beginning of the 21st century as the leader in what "school reformers" saw as the
 Inc.; Elsinore Corporation; ShopforSchool; DataMark, Inc.; RealPage, Inc.; Ross University Ross University
  • Ross University School of Medicine (RUSM), founded in 1978, is located on the Caribbean island of Dominica. The School of Medicine enrolls classes three times a year: January, May, and September.
; and TransAct Technologies, Inc. He also serves as a trustee of the Cooper-Hewitt National Design Museum.

A summa cum laude sum·ma cum lau·de  
adv. & adj.
With the greatest honor. Used to express the highest academic distinction: graduated summa cum laude; a summa cum laude graduate.
 graduate of Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was , Mr. Leeds attended Oxford University as a Marshall Scholar and graduated magna cum laude cum lau·de  
adv. & adj.
With honor. Used to express academic distinction: graduated cum laude; 25 cum laude graduates.
 from Harvard University Law School.

Commenting on Mr. Herst's retirement, Dr. Markovitz said, "Since Argosy's earliest days, Ted Herst has played a vital role in the company's development and success. We will miss his wise counsel and in-depth knowledge of the field of psychology education, and we wish him well in retirement."

Mr. Herst, a member of the Argosy board since 1976, is past chairman of the Illinois School of Professional Psychology.

Argosy Education Group, Inc. provides academically-oriented, practitioner-focused educational programs. The company is accredited accredited

recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria.


accredited herds
cattle herds which have achieved a low level of reactors to, e.g.
 to offer doctoral and master's degrees in psychology, education and business; bachelor's degrees in business; and associate degrees in allied health professions; and is approved to award diplomas in information technology and paralegal studies.

Argosy owns and operates four school groups - the American Schools of Professional Psychology, the University of Sarasota, the Medical Institute of Minnesota and PrimeTech Institute - which together have 17 campuses in nine states and Ontario, Canada. Argosy also manages John Marshall Law School The John Marshall Law School is the name of two unrelated law schools, both named in honor of John Marshall.
  • John Marshall Law School in Chicago, Illinois, founded in 1899
  • John Marshall Law School in Atlanta, Georgia, founded in 1933
 of Atlanta, Georgia, on a contract basis. In addition, Argosy's Ventura Group is a leading provider of preparatory courses and materials for licensure examinations in psychology, counseling and related fields.

The forward-looking statements contained in the release are based upon various assumptions, and certain risks and uncertainties could cause actual results to differ materially from those stated. Factors that could cause such differences include those matters disclosed in the Company's filings with the Securities and Exchange Commission. Argosy Education Group, Inc. assumes no obligation to update its forward-looking statements.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 5, 2000
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