EX-99.2 3 a06-23820_2ex99d2.htm EX-99

Exhibit 99.2

SUMMARY OF SCHOOLS AND CAMPUSES TO BE SOLD UNDER THE SALES PLAN

Certain key information regarding each of the schools and campuses included in the Sales Plan is summarized in the following table:

School and Campus Locations

 

Year
School
Founded

 

Date
Acquired/
Opened (1)

 

Principal
Curricula (2)

 

Accreditor (3)

 

Year of
Accreditation
Expiration (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

Brooks College

 

1970

 

 

 

IT, VC

 

ACCJC

 

2010

 

Brooks College, Long Beach, CA

 

 

 

10/94

 

 

 

 

 

 

 

Brooks College, Sunnyvale, CA

 

 

 

10/02

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lehigh Valley College, Center Valley, PA

 

1869

 

10/95

 

B, HE, IT, VC

 

ACICS

 

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

McIntosh College and Atlantic Culinary Academy, Dover, NH (5)

 

1896

 

3/99

 

B, CA, HE,
IT, VC

 

NEASC

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Gibbs College

 

1911

(7)

5/97

 

B, HE, IT, VC

 

 

 

 

 

Gibbs College, Cranston, RI

 

 

 

 

 

 

 

ACICS

 

2009

 

Gibbs College, Livingston, NJ

 

 

 

 

 

 

 

ACICS

 

2007

 

Gibbs College, Norwalk and Farmington, CT (6)

 

 

 

 

 

 

 

ACICS

 

2011

 

Gibbs College, Vienna, VA

 

 

 

 

 

 

 

ACICS

 

2010

 

Gibbs College of Boston, Inc., a private two-year college, Boston, MA

 

 

 

 

 

 

 

ACICS

 

2008

 

Katharine Gibbs School, Melville, NY

 

 

 

 

 

 

 

ACICS

 

2009

 

Katharine Gibbs School, New York, NY

 

 

 

 

 

 

 

ACICS

 

2008

 

Katharine Gibbs School, Norristown, PA

 

 

 

4/01

*

 

 

ACICS

(8)

2008

(8)

Katharine Gibbs School, Piscataway, NJ

 

 

 

 

 

 

 

ACICS

(9)

2007

(9)


(1)             Represents the date on which the Registrant acquired the school. Start-up campuses opened by the Registrant after the initial school acquisition are marked by an “*.” For start-up campuses, the date opened corresponds to the date on which students first matriculated.

(2)             The Registrant’s schools offer degree and diploma programs within the core curricula of business studies (“B”), culinary arts (“CA”), health education (“HE”), information technology (“IT”), and visual communication and design technology (“VC”). All of the campuses identified in the Sales Plan are degree-granting, with the exception of the Katharine Gibbs School, Piscataway, NJ.




(3)             Key to the accreditation abbreviations used in the table:

a.                 ACICS — Accrediting Council for Independent Colleges and Schools

b.                NEASC — New England Association of Schools and Colleges, Commission on Technical and Career Institutions

c.                 ACCJC — Western Association of Schools and Colleges, Accrediting Commission for Community and Junior Colleges

(4)             Status as of November 1, 2006.

(5)             Atlantic Culinary Academy is an academic division of McIntosh College.

(6)             Gibbs College, Farmington, CT is a satellite campus of Gibbs College, Norwalk, CT. The Registrant defines a satellite campus as a separate location of a main or branch campus that is in reasonable geographic proximity to and is managed by the related main or branch campus.

(7)             Represents the year during which the first Gibbs campus in Providence, RI, was founded.

(8)             The Katharine Gibbs School, Norristown PA, is accredited as a branch campus of the Katharine Gibbs School, New York, NY.

(9)             The Katharine Gibbs School, Piscataway NJ, is accredited as a branch campus of the Gibbs College, Livingston, NJ.