Kaplan Expands Post-Secondary Reach With Acquisition Of TESST College Of Technology

Four Schools in Maryland, Virginia

New York, NY-- May 6, 2002 -- In a move that continues to broaden its reach into the post-secondary market, Kaplan, Inc. announced today that it has acquired TESST College of Technology, which offers high-tech certificate and associate degree programs in four locations in Maryland and Virginia. With this acquisition, Kaplan's Higher Education division now has 45 fixed-facility schools in 13 states, in addition to its online offerings.

"TESST's high quality programs and attractive business model make it a good fit with our post-secondary business," said Jonathan Grayer, Chairman and CEO of Kaplan, Inc. "The acquisition will enable us to expand our presence in Maryland and Virginia with top notch educational offerings."

"We look forward to serving an increasing number of qualified students in this region," added Gary Kerber, CEO, Kaplan Higher Education. "We will introduce new programs to the TESST schools, thereby meeting the growing demand for high quality technical education in the area."

With the exception of the owners, the TESST management team is expected to remain intact, with each school's director continuing with the institution.

Founded in 1956, TESST College of Technology (www.tesst.com) is accredited by the Accrediting Commission of Career Schools and Colleges of Technology (ACCSCT). TESST's programs are approved by the Maryland Higher Education Commission (MHEC), the State Council of Higher Education for Virginia, and the Virginia Department of Education, Proprietary Schools Section. With three locations in Maryland and one in Virginia, the schools currently serve more than 1,500 full and part-time students. TESST College of Technology provides quality technical education that prepares graduates for work immediately upon completion of training. Each program of study is structured, blending classroom instruction with practical training in fields associated with Electronics, Telecommunication, Computer Hardware and Software, Information Technology, Drafting and Graphic Design, and Climate Control Technology. TESST College of Technology also provides advanced training in software applications and certification preparation. The schools are located in Alexandria, Virginia and in Towson, Beltsville, and Baltimore, Maryland.

Kaplan Higher Education
Kaplan's higher education division (www.kaplancollege.edu) is a group of institutions that offer fixed facility and online certificate and degree programs in fields such as healthcare, business, information technology and legal studies. Each of the individual schools in the division has its own individual accreditation by one of several national or regional accrediting agencies approved by the U.S. Department of Education. The division includes 45 campus-based schools in 13 states as well as online post-secondary and career schools, including Concord Law School and Kaplan College. Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE:WPO).

Press Contacts:

Melissa Mack
Tel: 212-492-5849
melissa_mack@kaplan.com

Liz Lindley
Tel: 212-492-5890
liz_lindley@kaplan.com

Printable Version