The Palmer Group - Portfolio

Portfolio The Palmer Group

PORTFOLIO COMPANIES

Salem International University, LLC, operates Salem International University ("SIU"), a for profit institution of higher learning with a tradition, of academic excellence and innovation. Established in 1888, SIU offers traditional, and state-of-the-art online programs in business, education, and allied health. The University's programs can lead to an associates, bachelors or masters degree. SIU's beautiful 160-acre main campus is located in Salem, West Virginia. The main campus offers housing and traditional campus athletics, clubs and activities. The online division maintains its administrative offices in Indianapolis, Indiana. (www.salemiu.edu)

Fire Solutions, Inc. is a corporate e-learning e-compliance solutions provider focused on the financial services and insurance industries, located in San Francisco, California. (www.firesolutions.com)

FIRE Solutions, Inc. is pleased to announce the acquisition of the CRDirect product line from PFPC, Inc. effective June 22, 2007. CRDirect is the premier provider of NASD registered representative licensing, management, analysis, and tracking tools to the securities industry. The addition of CRDirect to the FIRE Solutions portfolio of products enables FIRE to independently fulfill NASD registered representative licensing and tracking requirements.

RECENTLY SOLD PORTFOLIO COMPANIES

(Sold to Education Management Corporation NASDAQ: EDMC) See Press Release

American Education Centers, Inc. includes eight for profit proprietary junior colleges. They are AEC Southern Ohio College (with campuses in Akron, Ohio, Woodland, Ohio, and Fort Mitchell, Kentucky); RETS Institute of Technology (with campuses in Louisville, Kentucky and Pittsburgh, Pennsylvania); RETS Medical and Business Institute in Hopkinsville, Kentucky; and AEC Texas Institute (with campuses in Garland and Hurst, Texas).

Brown Mackie Education Corporation operates Brown Mackie College, a for-profit, proprietary junior college with campuses in Kansas City, and Salina, Kansas.

Commonwealth Business College Education Corporation operates Commonwealth Business College, a for profit, proprietary junior college with campuses in Merrillville, Indiana, Michigan City, Indiana, and Moline, Illinois. Asher School of Business Education Corporation operates Asher School of Business, a for profit, proprietary junior college with a campus in Norcross, Georgia.

Stautzenberger College Education Corporation operates Southern Ohio College, a for profit, proprietary junior college with a campus in Findlay, Ohio.

Michiana College Education Corporation operates three for profit proprietary junior colleges. They are Michiana College (with campuses in South Bend and Fort Wayne, Indiana) and Michiana Institute located in Cherry Hill, New Jersey.

OTHER SOLD PORTFOLIO COMPANIES

Spike’s, (Sold to Spikes General Partner, LLC, a company established by the existing management team.) is the leading supplier of trophies, awards, business gifts, and advertising specialties in the Delaware Valley. The company’s four retail showrooms, a manufacturing facility, and administrative offices are located in Philadelphia, Pennsylvania.

Financial Marketing, Inc. (Sold to ADP Financial Information Services, Inc.), a division of Automatic Data Processing, a Fortune 100 Service Company. Financial Marketing was one of the largest independent providers of proxy processing and mailing services to mutual fund groups and public corporations.

American Payroll Centers, Inc. (Sold to Zurich Payroll Solutions Limited), a subsidiary of Zurich Insurance Co.). American Payroll Centers was the largest independent payroll processing firm in the Delaware Valley of Pennsylvania.

Contact Information
Telephone: 215.243.2590
Fax: 215.243.2593

Postal address
3600 Market Street
Suite 530
Philadelphia, PA 19104

Electronic mail
General Information: gfrancois@palmer-group.com