Jim Tolbert, Chief Executive Officer 

Jim Tolbert is the Chief Executive Officer of Education Futures Group, LLC, a company  formed with Prospect Partners focused exclusively on the acquisition of post-secondary education companies.  Education Futures Group focuses on acquisitions where the target companies could benefit from an operationally-oriented buyer with a strong capital base. 

Prior to that, Mr. Tolbert was the Chief Financial Officer and a Shareholder of Virginia College, a Birmingham based career college, until the sale of the company in December 2004.

Prior to investing in and joining Virginia College, Mr. Tolbert was the Founder and CEO of Career College Loan Company, a specialty consumer finance company, providing tuition financing to the for-profit education sector.  Mr. Tolbert has also worked for McKinsey & Company in the Financial Institutions Group and Morgan Stanley International in the Mergers & Acquisitions Department.

Mr. Tolbert has a Bachelor of Science in Economics, summa cum laude, from the Wharton School of the University of Pennsylvania and a Masters of Business Administration from the University of Chicago.

Mr. Tolbert is the past Chairman of the Career College Association www.career.org , sits on the Executive Committee, and is a member of the Board of Directors.

Mr. Tolbert has served on the Boards of Directors of: the American Israel Chamber of Commerce; the Birmingham Chamber of Commerce, Tech Birmingham; the Birmingham Jewish Federation; and Temple Beth El of Birmingham.  Mr. Tolbert was appointed by Governor Riley to serve on the Alabama Workforce Investment Board.  Mr. Tolbert participated in the Leadership Birmingham Class of 2003.

Mr. Tolbert is the son of Jack F. Tolbert, the founder of the Medix School in Baltimore, MD and former President of NATTS.

Mr. Tolbert, his wife, Margery, and their two children live in Dallas, Texas.

Prospect Partners

Chicago-based Prospect Partners, LLC is a leading lower-middle-market private equity firm managing $270 million in two funds. A highly active, committed and experienced smaller-company investor, Prospect Partners focuses exclusively on management-led leveraged buyouts and recapitalizations of niche market leaders with revenues typically between $10 and $50 million. Since its inception in 1998, Prospect Partners has invested nationwide in over 70 companies in a broad range of niche markets, including consumer, commercial, manufacturing, distribution and specialty business and consumer services.  The firm's Limited Partners include Goldman, Sachs & Co., General Motors Investment Management Corporation, JPMorgan Asset Management, the University of Notre Dame, Wilshire Associates, Inc., Private Advisors, LLC and the Northern Trust Corporation. For more information on Prospect Partners, please visit www.prospect-partners.com.

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