New York, New York -- July 24, 2007 -- The Princeton Review, Inc. (Nasdaq: REVU), a leading provider of test preparation services and educational support services, today announced that it has reached a definitive agreement with Bain Capital Ventures and Prides Capital under which the two private investors have made a $60 million of preferred stock investment in the company. The preferred stock will be convertible into common stock at $6.00 a share and for four years will accrue a six percent annual dividend. Additionally, in connection with the agreement, the Company will retire its B-1 Convertible Preferred Stock.
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