Camden Partners Oversees Merger Taking Concorde Career Colleges, Inc. Private

September 28, 2006

Baltimore, Md. - Camden Partners Holdings, LLC, a private equity firm headquartered in Baltimore, today announced its role in taking Concorde Career Colleges Inc. private.

The Kansas-based vocational school operator recently announced that it has become a privately held corporation and is now wholly owned by private equity firm Liberty Higher Education LLP, an affiliate of Liberty Partners, a private equity firm in New York City.

Serving as lead partner for the transaction was David L. Warnock, partner and co-founder of Camden Partners, who sourced the investment and was involved as a director from the initial investment through the sale. A member of Concorde's board of directors, Warnock worked closely with CEO Jack L. Brozman in growing the business. Both were instrumental in broadening Concorde's career offerings, including the addition and eventual expansion of Concorde's acclaimed nursing curriculum.

Warnock focuses on investments in the education sector, as well as in business and financial services. He also serves on the boards of Environmental Safeguards, Inc., Touchstone Applied Science Associates, Inc., Blue Rhino Corporation and Nobel Learning Communities, Inc., all of which are Camden Partners' portfolio companies.

In addition to its investment in Concorde, Camden Partners has significant investments in K-12 schools, post-secondary colleges, testing and assessment and IT training segments of education.

About Concorde Career Colleges, Inc.

Headquartered in Mission, Kansas, Concorde Career Colleges, Inc. owns and operates proprietary, postsecondary institutions at 12 locations in seven states that offer career vocational training programs in the allied health field. Concorde serves the segment of population seeking to acquire a career-oriented education. For more information visit www.concordecareercolleges.com.

About Camden Partners

Camden Partners Holdings, LLC, founded in 1995, is a diversified investment management firm based in Baltimore, Maryland. The company operates private equity funds that focus on providing growth capital to emerging companies within the Business and Financial Services, Healthcare and Education sectors; Camden Partners Limited Partnership, a hedge fund featuring a balanced long-short strategy focusing on small cap public companies; and Camden Private Capital, a fund-of-funds, including Corporate Finance and Venture offerings. For more information visit http://www.camdenpartners.com.

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