For Immediate Release

Title: EduK Group Announces Executive Appointments Focused on Managing Growth of Puerto Rico Operations

GUAYNABO, Puerto Rico, Jan. 16, 2012 /PRNewswire/ — Chief Executive Officer Wallace Pond, Ph.D., today announced new roles for executives on the senior leadership team of the EduK Group, the largest provider of private, postsecondary career education in Puerto Rico.

Guillermo Nigaglioni, who previously held the position of President and CEO of Instituto de Banca y Comercio (IBC), will retain the title of CEO and welcomes Jose A. Cordova as the new President of IBC.  Nigaglioni will also now hold the office of President and CEO of Puerto Rico Operations.

The appointment of Cordova will allow Nigaglioni the opportunity to focus his attention toward more strategic planning and development for EduK Group’s three institutions on the island – Instituto de Banca y Comercio (IBC), National University College (NUC) and Ponce Paramedical College (POPAC), which collectively represent 31 locations across Puerto Rico.

Cordova, as the newly appointed President, will be responsible for IBC’s services, operations and business performance. Cordova joined EduK Group eight years ago, most recently serving as Senior Vice President for Finance and Chief Administrative Officer. Cordova, a member of the EduK senior leadership team, will report to Nigaglioni.

In announcing the new senior management roles, Dr. Pond stated: “As EduK expands its portfolio and adds more programs to serve the needs of students nationally, the growth of our institutions and current programs in Puerto Rico remains a top priority. Through the leadership and commitment of Guillermo and Jose, we are well positioned to meet our current and future service and growth objectives.”

About EduK Group

EduK Group, one of the leading private education companies offering career-oriented programs, is uniquely focused on Spanish and English postsecondary education. EduK Group institutions offer certificates, associates, bachelor’s and master’s degrees at its campus locations and online in such fields as healthcare, business, information technology, education, culinary arts, cosmetology, drafting and industrial trades. EduK Group’s institutions include Instituto de Banca y Comercio (IBC), National University College (NUC), National University College-Online (NUCO) and Ponce Paramedical College (POPAC) in Puerto Rico and Florida Technical College (FTC), The DAVE School  (Digital Animation and Visual Effects) and LaSalle Computer Learning Center in Florida. For more information on EduK Group, call 787-982-3000.