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      accompanying unaudited consolidated financial statements have

      been prepared in accordance with the rules and regulations of

      the Securities and Exchange Commission (&amp;#8220;SEC&amp;#8221;)

      for interim financial statements. Certain information and

      footnote disclosures normally included in consolidated

      financial statements prepared in accordance with accounting

      principles generally accepted in the United States of America

      have been condensed or omitted pursuant to such rules and

      regulations, although the Company&amp;#8217;s management believes

      that the disclosures made herein are adequate to make the

      information presented not be misleading.&lt;/font&gt;

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      Company manages its business on the basis of one reporting

      segment. The unaudited consolidated financial statements

      include the accounts of the Company and its subsidiary,

      Broadview University. All inter-company accounts and

      transactions have been eliminated in the unaudited

      consolidated financial statements. In the opinion of

      management, the unaudited consolidated financial statements

      contain all adjustments (consisting of only normal recurring

      adjustments) necessary to present fairly the consolidated

      financial position of the Company as of June 30, 2013, the

      consolidated results of operations and the consolidated cash

      flows for the three months ended June 30, 2013 and 2012.

      Results of operations and cash flows for the periods

      presented are not necessarily indicative of results to be

      expected for any other interim period or for the full fiscal

      year.&lt;/font&gt;

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      conjunction with the Company&amp;#8217;s consolidated financial

      statements and notes thereto in its Form 10-K for the year

      ended March 31, 2013 and Annual Report to Security Holders

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      preparation of consolidated financial statements in

      conformity with accounting principles generally accepted in

      the United States of America requires management to make

      estimates and assumptions that affect the reported amounts of

      assets and liabilities and disclosure of contingent assets

      and liabilities at the date of the financial statements and

      the reported amounts of revenues and expenses during the

      reporting period. Actual results could differ from those

      estimates.&lt;/font&gt;

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      Company&amp;#8217;s management has reviewed and considered all

      recent accounting pronouncements and believe there are none

      that could potentially have a material impact on the

      Company&amp;#8217;s consolidated financial condition, results of

      operations, or disclosures.&lt;/font&gt;

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