DeVry Inc. Recognized For Excellence in Corporate Integrity
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OAKBROOK TERRACE, Ill.--(Business Wire)-- DeVry Inc. (NYSE: DV), a global provider of educational services, is one of America's most trustworthy companies according to the newly released Audit Integrity Top 100 of 2008. The Audit Integrity Top 100 is an annual salute to the best U.S. companies from an independent research firm that rates more than 9,000 publicly traded firms for corporate integrity. The list recognizes corporations that displayed excellence in transparent financial reporting and conservative corporate governance during 2007. The results of Audit Integrity's analysis are featured by Forbes.com (www.Forbes.com) in an article posted March 27. Audit Integrity ratings are based on its flagship Accounting and Governance Risk (AGR(R)) analysis, incorporating financial and non-financial measures designed originally to monitor the factors associated with fraud or financial misrepresentation. According to Audit Integrity's report, high AGR ratings have been reliable predictors of above-market equity performance, while low ratings have been associated with financial restatement, shareholder litigation and equity risk. The Audit Integrity Top 100 report may be obtained at www.auditintegrity.com. "As the impact of the subprime meltdown continues to unwind on both Wall Street and the economy, the business of Audit Integrity remains focused on warning subscribers about high-risk companies. However, we believe it is equally important and necessary during these turbulent times to recognize those companies operating on a superior level of integrity," said Jack Zwingli, Chief Executive Officer of Audit Integrity, Inc. "DeVry Inc. was named to the 2008 Audit Integrity Top 100 list for displaying a high level of transparency in accounting and strong, conservative corporate governance practices. For this reason, Audit Integrity salutes the performance of DeVry Inc. in these areas over the past year." For factual reviews and additional information about the Audit Integrity Top 100, please contact: Kathleen Hawk at Clearview Associates, (845) 687-2222, Kathleen@clearviewpr.com. About DeVry Inc. DeVry Inc. (NYSE: DV) is the parent organization of DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing and Becker Professional Review. DeVry University, which includes Keller Graduate School of Management, offers associate, bachelor's and master's degree programs in technology, healthcare technology, business and management. Advanced Academics provides online secondary education to school districts throughout the U.S. Ross University offers doctoral degree programs through its schools of Medicine and Veterinary Medicine. Chamberlain College of Nursing offers associate and bachelor's degree programs in nursing. Becker Professional Review, which includes Becker CPA Review and Stalla Review for the CFA Exams, provides professional education and exam review for accounting and finance professionals. For more information, visit http://www.devryinc.com. Certain statements contained in this release concerning DeVry's future performance, including those statements concerning DeVry's expectations or plans, may constitute forward-looking statements subject to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as DeVry Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Actual results may differ materially from those projected or implied by these forward-looking statements. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, "Risk Factors," in the Company's most recent Annual Report on Form 10-K for the year ending June 30, 2007 and filed with the Securities and Exchange Commission on August 24, 2007. DeVry Inc. Investor Contact: Joan Bates jbates@devry.com 630-574-1949 or Media Contact: David Gutierrez dgutierrez@dresnerco.com 312-780-7204 Copyright Business Wire 2008
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