Northcentral University Appoints Chris Lynne Executive Vice President and Chief Financial Officer

PRESCOTT VALLEY, ARIZONA, October 4, 2010 — Mr. Christopher Lynne has joined Northcentral University as Executive Vice President and Chief Financial Officer, effective immediately, according to an announcement made today by Dr. Clinton Gardner, President of Northcentral University, a global leader in 100% online higher education.

"Chris Lynne has a demonstrated track record of success in managing the finances of rapidly growing enterprises,” Dr. Gardner said today. "He comes to us at exactly the moment in time when our great University most needs his knowledge, experience, and, most importantly vision of what we have to do to fund our long-term growth plans. Our enrollment has more than doubled in the last three years and this growth has created as many challenges as it has opportunities. Chris Lynn will play an important role in helping us to turn every challenge into a long-term growth opportunity. We welcome him to our team!”

Mr. Lynne comes to Northcentral University from the Education Management Corporation, where he served for seven years providing leadership in the area of accounting and finance operations, Title IV financial aid, institutional compliance, and institutional planning. Education Management Corporation is among the largest providers of private post-secondary education in North America, based on student enrollment and revenue, with 98 locations in 30 U.S. States and Canada. Headquartered in Pittsburgh, Pennsylvania, Education Management employs approximately 19,000 full-time, part-time and adjunct faculty and staff and over 136,000 students.

In 2006, Lynne provided important leadership that resulted in the sale of Education Management Corporation for $3.4 billion to two private equity firms. Most recently, in his role as Senior Vice President, his leadership resulted in the company’s successful initial Public Stock Offering. Prior to this, Lynne was an executive at Career Education Corporation and a manager at Arthur Andersen.

Chris Lynne received his Bachelor of Science degree in accounting from Purdue University and his Masters of Business Administration degree from the Booth Graduate School of Business at the University of Chicago. He is also a member of the American Institute of Certified Public Accountants.