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Becker Conviser Professional Review Acquires Stalla Seminars

OAKBROOK TERRACE, Ill. — Becker Conviser Professional Review, a wholly owned subsidiary of DeVry Inc. (NYSE: DV), has acquired Argentum Inc., which does business as Stalla Seminars. Terms of the cash transaction were not disclosed.

Based outside of Cleveland, Ohio, Stalla Seminars develops and markets exam preparation materials for the Chartered Financial Analyst credential administered annually by the Association for Investment Management and Research. The company is one of the oldest and largest providers of CFA exam preparation materials, having pioneered the concept of a national review course offered in local venues during the 1970s. Stalla's three-day review seminars are offered in 16 cities worldwide, and its CFA review materials include study guides, workbooks and videotapes.

"Stalla Seminars is highly regarded, both in the U.S. and internationally, for providing focused, high-quality CFA review materials," said Ronald L. Taylor, president and chief operating officer of DeVry Inc. "This acquisition will complement Becker Conviser Professional Review quite well. Stalla brings almost 30 years of expertise in preparing and delivering CFA review materials to Becker Conviser, which has its own 43-year history of success in preparing candidates for the certified public accountant exam using its unique teaching methodology and accounting expertise."

"This acquisition will assist Becker Conviser in applying its highly effective teaching methodology and focus on student success to areas beyond the CPA exam," said Dennis J. Keller, chairman and CEO of DeVry Inc. "Exam preparation in finance-related areas is a natural progression for Becker as it broadens its scope, and the acquisition of Stalla Seminars will provide us with a strong base in the CFA market."

DeVry Inc. is the holding company for DeVry University and Becker Conviser Professional Review. DeVry University is composed of DeVry Institutes, Denver Technical College and Keller Graduate School of Management, which offer bachelor's and master's degree programs in business and technology. Becker Conviser Professional Review is a leading provider of preparatory coursework for the Certified Public Accountant, Certified Management Accountant and Chartered Financial Analyst exams. For more information about DeVry Inc., visit http://www.devry.com

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Certain information contained in this release may constitute forward-looking statements pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such statements may involve risks and uncertainty that could cause actual results to differ materially from the forward-looking statements. Potential risks and uncertainties include, but are not limited to, dependence on student financial aid, state and provincial approval and licensing requirements, and the other factors detailed in the company's SEC filings, including those discussed under the heading "Risk Factors" in the Company's Registration Statement on Form S-3 (No. 333-22457) filed with the Securities and Exchange Commission .

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