Becker Professional Review Enters CPE Business.OAKBROOK TERRACE, Ill. -- Becker Professional Review, a division of DeVry Inc. (NYSE NYSE See: New York Stock Exchange :DV), today announced that it has entered the continuing professional education (CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) business through the acquisition of Gearty CPE by a DeVry Inc. subsidiary. Gearty CPE is a provider of high quality continuing professional education programs and seminars in accounting and finance predominantly serving financial officers and controllers of Fortune 500 companies in the New York/New Jersey metro area. Terms of the acquisition were not disclosed. The acquisition is not expected to have a material financial impact on DeVry's fiscal 2006 earnings. "This acquisition complements our existing CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. exam review business as it enables Becker to enter the continuing professional education marketplace and builds upon the Becker franchise," said Thomas J. Vucinic, vice president of DeVry Inc. and general manager of Becker Professional Review. "Combining Becker's highly-regarded brand name and instructional expertise with Gearty's high quality content offers us an excellent opportunity to secure new corporate training business." "These training seminars are a win-win for us," said Nick Cyprus, chief accounting officer for Interpublic Group, which has used Gearty CPE in the past. "Not only do we gain expertise on topics that are highly relevant to our business but we have been able to educate our entire accounting staff efficiently and effectively." Becker Professional Review is a professional education provider specializing in coursework for accounting and finance certification exams in more than 350 instructor-led classroom locations around the world, as well as via online and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). delivery. Becker Professional Review operates Becker CPA Review, the global leader in certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. exam review programs. Becker Professional Review also operates the Stalla Review for the CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Exams, one of the oldest and largest review providers for chartered financial analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. exams. Becker Professional Review is a division of DeVry Inc. (NYSE:DV), which owns and operates DeVry University, Ross University, and Deaconess College of Nursing. DeVry Inc. is based in Oakbrook Terrace, Ill. For more information about Becker CPA, visit http://www.beckerreview.com. For more information about Stalla's CFA review courses, visit http://www.stalla.com. Certain statements contained in this release, including those that affect DeVry's expectations or plans, may constitute forward-looking statements pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Potential risks and uncertainties include, but are not limited to, market conditions, dependence on student financial aid, state and provincial approval and licensing requirements, and the other factors detailed in the company's Securities and Exchange Commission filings, including those discussed under the heading "Risk Factors" in the Company's Registration Statement on Form S-3 (No. 333-22457) filed with the SEC. |
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