American Public University System (APUS), wholly owned by APEI (NASDAQ: APEI), operates through American Military University (AMU) and American Public University (APU). Founded in 1991 by a retired Marine Corps officer and instructor, AMU was designed to accommodate the military’s unique educational needs. AMU is the nation’s number one provider of higher education to the U.S. armed forces according to the 2020 Military Times report based on FY 2019 DoD tuition assistance enrollment data from the Air Force, Army, Army National Guard, Navy, Marine Corps, and Coast Guard. In 2002, APU was established to provide nonmilitary students access to quality, affordable, and career-relevant programs. APU provides degree programs in a flexible, online setting to support adult learners worldwide with an emphasis on educating the nation’s public service communities. American Public University System (APUS) is accredited by the Higher Learning Commission (HLC). APUS is comprised of American Military University (AMU) and American Public University (APU). The Higher Learning Commission (www.hlcommission.org) is an accrediting body recognized by ED and CHEA. APUS offers affordable tuition while providing the best higher education and distance learning experience possible to its students and is recognized by the Sloan Consortium for best practices in online education. Degree programs in numerous fields of studies including: • Homeland Security • Military Studies • Intelligence Studies • Criminal Justice • IT Management • Business Administration • Transportation & Logistics Management • Emergency & Disaster Management • Sports & Health Sciences • History