Aon

Bio· ONE™
July 11, 2004
January 13, 2004

Broadwater Energy

CB Richard Ellis

Cognos Corporation

Ernst & Young

Entergy Nuclear Northeast

Giuliani Capital Advisors

Giuliani Capital Advisors – Macquarie Group

Greater New York
Hospital Association
March 15, 2004
October 13, 2003

Leeds Weld Equity Partners IV

National Thoroughbred Racing Association

Nextel

Pasquale J. D'Amuro

Purdue Pharma

Mayor Giuliani to Chair Board of Advisors of NY-Based Private Equity Fund
Fund Will Invest in Education, Information and Training Industries

“"I look forward to working with Jeffrey Leeds, Bill Weld and my distinguished colleagues on the fund's board of advisors, ” Mayor Giuliani said.  “"There is an increasing role today for the private sector in addressing national and global educational and training needs. This often involves innovative partnerships with government," Mayor Giuliani added. “"This new fund is built on a history of Leeds Weld & Co.'s success in investing in businesses that address these needs. The fund will broadly consider opportunities for investment in a wide range of companies across the ‘"Knowledge Industry."”

“"As the Industrial Age has given way to the Information Age, knowledge has become the single greatest driver of the global economy,"” said Jonathan Newcomb, a principal at Leeds Weld and the former CEO of the publishing house Simon & Schuster.  “"Knowledge services is a $1 trillion sector of the United States economy, and is growing steadily as the economy becomes more global, more information-intensive, and as the pace of change continues to accelerate."”

“"H. G. Wells wrote that human history becomes more and more a race between education and catastrophe, and never has that been truer than today,"” said William F. Weld, principal, Leeds Weld.  “"Having been a colleague and friend of Rudy Giuliani for more than twenty years, I know him to be a person of considerable vision, and we are delighted he has agreed to assist our effort to meet the education and training needs of today's workforce.”

“"Mayor Giuliani's extraordinary public career has been marked by his appreciation of the linkage between performance and superior training.  He was a master at driving better information systems into municipal workplaces, and there is no doubt that New York City works better and in a more accountable manner than it did before he arrived.  We are lucky to have him,"” said Jeffrey T. Leeds, principal, Leeds Weld.

The Board of Advisors of Leeds Weld Equity Partners IV, L.P. also includes: Richard W. Riley, former U.S. Secretary of Education in the Clinton Administration and former two-term governor of South Carolina; Lamar Alexander, former U.S. Secretary of Education in the first Bush Administration and former two-term Governor of Tennessee; Thomas F. McLarty, III, Vice Chairman of Kissinger McLarty Associates; Richard I. Beattie, Chairman of the law firm of Simpson Thacher & Bartlett and former General Counsel of the Department of Health, Education and Welfare during the Carter Administration; and Barry Munitz, President of the J. Paul Getty Trust in Santa Monica, California and former chancellor of the California State University System.

About Giuliani Partners

Giuliani Partners LLC, is an alliance of former New York City Mayor Rudolph W. Giuliani, a number of his senior executives, and Ernst & Young LLP, a global leader in professional services.  Giuliani Partners assists chief executive officers in securing the future of their firms by protecting their knowledge, financial and physical assets, their people and their brand.

With Mr. Giuliani as chairman and CEO, the firm draws upon its experiences and expertise in innovative financial management, public safety, emergency preparedness and leadership during crises. This team includes New York City’s former Police Commissioner Bernard Kerik, former Fire Commissioner Thomas Von Essen and former Director of the Office of Emergency Management Richard Sheirer.  Coupled with the broad-based expertise and global resources of Ernst & Young in the areas of assurance, risk management, information security and financial restructuring, Giuliani Partners provides clients with a comprehensive set of solutions addressing critical concerns of major corporations today.

About Leeds Weld

Leeds Weld & Co. is a New York-based private equity firm which manages the largest private equity fund in the United States focused on investments in the education, information and training industry.

Contact:

Leeds Weld & Co.
Jonathan Newcomb
(212) 835-2000

Giuliani Partners 
Sunny Mindel
212-931-7392

Dan Klores Communications
Sean Cassidy
212-685-4300