College of Automotive Management Signs Articulation Agreement With Northwood University.

SANTA ANA, Calif.--(AutomotiveWire)--Sept. 24, 1997--The College of Automotive Management, a wholly owned subsidiary of The Lloyd Andersen Group of Companies Inc. (LAGC), Wednesday signed an articulation agreement with Northwood University.

"Northwood University is recognized as one of the best business management schools in the country, and without question, the best business school for those interested in a career in the automotive field," said Lloyd R. Andersen, LAGC president and chief executive officer. "I am confident our relationship will have a positive effect on the automotive industry as we continue to educate the next generation of automotive management executives."

In making the joint announcement, Northwood University President and CEO Dr. David E. Fry said: "We are pleased to be associated with the College of Automotive Management. By working together, we will be able to fulfill our mutual objective: producing more qualified, well-educated management professionals for the automotive industry."

Under terms of the agreement, Northwood will recognize and accept transferable college credits issued by the College of Automotive Management at the rate of four credits for each 40-hour course successfully completed. Among the courses recognized by Northwood are the College of Automotive Management's comprehensive six-week accelerated Automotive Sales, Finance and Insurance Management Training program, which will earn graduating students up to 28 units of credit toward any on- or off-campus degree program at Northwood.

"We are excited about our relationship with Northwood," said Alan Algan, College of Automotive Management vice president and director of operations. "In addition to our articulation agreement, we have agreed to campus reciprocity, enabling Northwood to utilize classroom space at our facility in Santa Ana, while we can make use of Northwood's Michigan, Texas and Florida campuses."

Northwood Vice President of Academics and Dean of International Programs Dr. Robert W. Serum added: "I have studied in depth the curriculum offered by the College of Automotive Management and believe it to be one of the best in the nation. Both schools believe in providing students with the tools necessary to become successful practitioners of the free-enterprise system."

The College of Automotive Management is the only institution of its kind approved and certified by the California Council for Private Postsecondary and Vocational Education (California School No. 3011571-M). The college offers extensive training for professionals as well as novices in the automotive field.

Classes range from half-day and two-day specialized clinics for veteran sales, finance & insurance managers to an intensive six-week, 243-hour Automotive Sales, Finance & Insurance Management course. The college also provides training in sales, special and regular financing, leasing and loan underwriting. The college recruits and instructs top candidates with excellent personal and professional references.

"More than 90 percent of the college's graduates find employment in the automotive industry within 30 days of graduation," said Algan.

Northwood University is a private, accredited university specializing in managerial and entrepreneurial education at residential campuses in Midland, Mich., West Palm Beach, Fla., and Cedar Hill, Texas. The prestigious university, founded in 1959, offers two-year Associate of Arts degrees and four-year Bachelor of Business Administration degrees in business-related curriculums, including Automotive Marketing and Management. Northwood's Richard DeVos Graduate School of Management offers M.B.A. programs at several locations in Michigan.

Both institutions have pledged to offer each other's graduates attractive scholarship programs to continue their automotive education.

"The association between Northwood University and the College of Automotive Management arose from a mutual respect for each other's academic standards," said Northwood Assistant to the President James R. Bromley. "Our agreement will benefit all students of the automotive sciences."

CONTACT: College of Automotive Management, Santa Ana

Keith Tuber, 714/755-6770

Fax: [phone]

or

Northwood University

Charlene Rosin, 517/837-4237

Fax: [phone]