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Princeton Review Names Outsider As Interim CEO
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DOW JONES NEWSWIRES

Princeton Review Inc. (REVU) named an outsider as its interim chief executive as current CEO Michael Perik departs to develop training programs for Middle Eastern health-care professionals.
John M. Connolly most recently served as the interim CEO of Edgar Online Inc. (EDGR), which provides corporate information over the Internet gleaned from filings with the Securities and Exchange Commission. He also previously worked for Institutional Shareholder Services Inc.--which provides proxy voting, corporate governance, compliance and risk-management services--and founded Mainspring Inc., a corporate consultant that International Business Machines Corp. (IBM) purchased in 2001.
The board of the test-prep company formed a committee to immediately begin the search for a permanent CEO.
The company said Perik was leaving to pursue a new venture developing educational training programs in Middle Eastern countries for health-care professionals.
Later Wednesday, Princeton Review reported a flat loss for the fourth quarter before preferred-share effects, although revenue rose 24%.
Its shares closed Wednesday down 5.9% at 82 cents and weren't active after hours. The stock has fallen 80% in the last year.

-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; [e-mail]

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(END) Dow Jones Newswires
03-09-11 1817ET
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