Kaplan Acquires PROSOURCE Educational Services; Minnesota Schools Offer Real Estate and Financial Services Training

Business Wire, June 8, 2001

Business Editors

NEW YORK--(BUSINESS WIRE)--June 8, 2001

Kaplan, Inc., a premier provider of educational and professional services for individuals, schools and businesses, has acquired PROSOURCE Educational Services, Inc. a Minnesota-based provider of professional education for real estate, insurance and securities professionals.

PROSOURCE will join the Kaplan Professional unit, which is a leader in providing such services to companies and professionals nationwide. PROSOURCE is the leading provider of real estate and insurance licensing and continuing education programs in Minnesota. Founded in 1979, PROSOURCE currently serves more than 33,000 students annually at four Twin Cities area locations. In addition to real estate and insurance education, PROSOURCE provides hands-on computer training, customer service training, and securities training. Course information can be found at www.prosource.com.

Joe Coyne, founder and President of PROSOURCE, will continue in his role, as will Rick Larson, founder and Vice President. "Joining the Kaplan enterprise is a wonderful opportunity for us," said Coyne. "Kaplan has an immensely exciting vision that will define the future of professional educational services. Prosource will gain immediate access to important technology, financial resources, and management support. Our customers will be the biggest winners."

"As the leading provider of real estate and financial services education in Minnesota, the PROSOURCE business is a great fit for Kaplan Professional, strengthening our ability to serve individuals and companies in the Midwest, with courses and services that complement our own," said Eric Cantor, President, Kaplan Professional. "Our philosophy is to be leaders in the markets in which we have a presence, and this acquisition fits nicely within that strategy."

Kaplan Professional (www.kaplanprofessional.com) provides licensing and continuing education training, certification, professional development courses, and compliance tracking for financial services, legal, IT, and real estate professionals and corporations through an array of educational tools, from on-site training and classroom instruction to nearly 200 online courses and programs. Kaplan Professional's Real Estate Schools provide live classroom instruction, internet-based learning, and correspondence courses in select markets. Its real estate licensing and continuing education programs are delivered through the Anthony Schools in California, The Leonard-Hawes Real Estate Schools in Texas, Jones College in Colorado, and The Dearborn Real Estate Institute (formerly the New Mexico Real Estate Institute) in New Mexico. Kaplan Professional is a unit of Kaplan, Inc., a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO).

Note to editors: Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO)