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September 4. 2002

Huron Capital Partners Acquires McCann Education Centers

Detroit, MI – September 4, 2002 // PRNewswire // Huron Capital Partners LLC, a Michigan-based private equity firm, announced today that through its portfolio company, Delta Educational Systems, Inc., it has acquired Pennsylvania-based McCann Education Centers, Inc. (d/b/a McCann School of Business and Technology). The transaction closed August 1. McCann has been a leader in providing post-secondary education in east-central Pennsylvania since 1897. McCann offers Associate degree and diploma programs in the areas of business, allied health and information technology through three campuses in Sunbury, Pottsville and Mahanoy City.

According to Delta CEO Joe Kennedy, “We are fortunate to have acquired a highly-regarded and well-managed school that fits squarely with our acquisition strategy. We are very familiar with McCann’s program offerings and we believe McCann offers good growth, particularly through new branches in contiguous markets.”

John Higgins, a Principal at Huron, commented, “We are excited to have supported Joe Kennedy and his team in this acquisition. McCann provides a great foundation for growth in Pennsylvania, and is an important step in our overall strategy to build a leading vocational school company. Both organizations will benefit from sharing best operational practices, particularly in the areas of new branches and new programs.”

Based in Virginia Beach, Virginia, Delta operates postsecondary vocational schools serving the large and growing segment of the population seeking to acquire career-oriented education. With the addition of McCann, Delta has eight campuses in the eastern U.S. offering degree and diploma programs primarily in the areas of healthcare, information technology and business, the largest and fastest growing markets for skilled workers.

Detroit-based Huron Capital Partners invests in buyouts and recapitalizations of private entrepreneurial companies with $10 million to $100 million in revenues. The key to the firm’s strategy is partnering with strong management teams to acquire niche manufacturing, service, and distribution companies with well- defined growth strategies. Huron has $72 million of committed equity capital under management.

For further information, please contact Brian Demkowicz or John Higgins at Huron Capital Partners (313-496-1050) or visit their website www.huroncapital.com.