Parchman, Vaughan & Company, L.L.C., Baltimore, MD, provides the highest level of investment banking expertise to companies in the business of education and training.

<body bgcolor="#FFF7DE" text="#000000"> <div align="center"> <p><img src="images/ed_fin_pics_smr_1.jpg" width="421" height="241"></p> <p align="JUSTIFY"><b><font color="#003300" size="4">Parchman, Vaughan & Company, L.L.C.,</font></b> <font color="#000000">a FINRA member firm, was created to provide the highest level of investment banking expertise to companies in the business of education and training. Our partners' 30 years of experience and unique understanding of the sectors within the education and training industries allows us to offer the highest quality expertise to clients considering a company's key life cycle events. The size and importance of the education and training industries, coupled with the nation's dissatisfaction with public schools and traditional methods of delivering educational services, presents an enormous opportunity for the private sector. </font></p> </div> <blockquote> <div align="center"> <p align="left"><font color="#000000"><img src="images/bullet.gif" width="32" height="29" align="absmiddle"> <b><a href="services.html#mergers" target="_self">Mergers, Acquisitions and Divestitures</a></b></font></p> <p align="left"><font color="#000000"><b><img src="images/bullet.gif" width="32" height="29" align="absmiddle"> <a href="services.html#private_equity" target="_self">Private Equity Financings</a></b></font></p> <p align="left"><font color="#000000"><b><img src="images/bullet.gif" width="32" height="29" align="absmiddle"> <a href="services.html#private_placements" target="_self">Private Placements of Debt</a></b></font></p> <p align="left"><font color="#000000"><b><img src="images/bullet.gif" width="32" height="29" align="absmiddle"> <a href="services.html#buyouts" target="_self">Management Buyouts</a></b></font></p> <p align="left"><font color="#000000"><b><img src="images/bullet.gif" width="32" height="29" align="absmiddle"> <a href="services.html#financial_advisory" target="_self">Financial Advisory Services</a></b></font></p> </div> </blockquote> <div align="center"> <p><img src="images/bar.gif" width="400" height="15"></p> </div> <blockquote> <div align="center"> <p align="center"><i><font size="2"><a href="main.html" target="_self">Home</a> | <a href="services.html" target="_self">Services</a> | <a href="team.html" target="_self">The Team</a> | <a href="industry.html" target="_self">The Industry</a> | <br> | <a href="transactions.html" target="_self">Recent Transactions</a> | <a href="contactus.html" target="_self">Contact Us</a> | <a href="links.html" target="_self">Related Links</a> |</font></i></p> </div> </blockquote> <div align="center"> <p><img src="images/bottom_name.jpg" width="475" height="25"><br> <b>Symphony Center, Suite 120<br> 1040 Park Avenue<br> Baltimore, MD 21201</b><br></p> <p><b><font color="#000000">T: 410-244-8971</font><font color="#000000"></font></b><font color="#000000"></font><font color="#000000"><br> <b>FAX: 410-244-0877</b><br> Email:</font><font color="#000099"> </font><a href="mailto:info@parchmanvaughan.com">info@parchmanvaughan.com</a></p> </div> </body>