Devry Education Group Inc. – ‘8-K’ for 6/19/96 – EX-99

As of:  Wednesday, 7/3/96   ·   For:  6/19/96   ·   Accession #:  730464-96-6   ·   File #:  1-13988

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         8-K Text                                               6     13K 
 2: EX-2        Purchase Agreements                                   54    188K 
 3: EX-99       Press Release                                          2      6K 

EX-99   —   Press Release

EX-99
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News Release                                                                    

Contact:  Diane Salucci or              Release immediately                     
Cathy Klepack                 June 19, 1996                 
800/225-8000, ext. 4148                                     

DeVry Acquires Becker CPA Review    

OAKBROOK TERRACE, Ill. -- DeVry Inc. (NYSE:  DV), a national system of
career-oriented, higher-education institutes, has acquired the Becker CPA       
Review business for cash.                                                       

Becker CPA Review, headquartered in Los Angeles, is the leading       
international training firm preparing students to take the nationally           
administered and centrally graded Certified Public Accountant (CPA) exam.       
The company also offers Certified Management Accountant (CMA) review courses.   

"We were first attracted to Becker because of the high quality of its 
educational programs and its other similarities to DeVry Institutes and Keller  
Graduate School of Management," said Dennis J. Keller, chairman and chief       
executive officer, DeVry Inc.  "Becker's outstanding reputation and its         
international network fit well with our long-range growth strategy."            

"DeVry Institutes' accounting program will benefit from Becker's CPA  
training expertise," said Ronald L. Taylor, president, DeVry Inc., "while       
Keller Graduate School's focus on educating adult students will blend well with 
Becker's emphasis on preparing college graduates from numerous locations around 
the world to take the CPA exam."                                                

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DeVry acquires Becker CPA Review, add one                                       

  "We are pleased to join forces with DeVry," said Newton D. Becker, chief
executive officer and president, Becker CPA Review.  "With DeVry's leadership   
and resources, we believe this alliance will propel us into the 21st century    
as the premiere provider of career-focused educational and training services."  

Becker CPA Review was founded in 1957 by Newton D. Becker.  Currently,
there are 135 school locations in the United States as well as eight            
international locations in the Middle East, Pacific Rim and Canada.             

     Historically, Becker students' pass rates on the CPA exam are approximately
double the national average pass rate, as published by the National Association 
of State Boards of Accountancy.  More than one-third of all students passing    
the CPA exam in the United States are Becker CPA Review alumni.                 

DeVry Inc., which owns and operates DeVry Institutes, Keller Graduate 
School of Management and Corporate Educational Services, is one of the largest  
publicly owned, degree-granting, higher-education companies in North America.   

# # #   

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		7/3/96							None on these Dates
For Period End:		6/19/96		1
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