FOR IMMEDIATE RELEASE

VA Supreme Court Denies Randolph College's Petition to Lift Art Injunction, Lowers Art Injunction Bond by 90 Percent

Group Calls for College to Admit Mistakes and Return to its Single-Sex Roots

Lynchburg, VA, November 16, 2007 - Donors, students and alumnae committed to stopping Randolph College (formerly Randolph-Macon Woman's College) from selling four of its top paintings to increase its $153 million endowment were elated to learn today that the Supreme Court of Virginia rejected the College's petition to lift the temporary injunction originally issued by a Circuit Court judge earlier this month.

At the same time, the Justices lowered the bond amount initially ordered by the Circuit Court by 90 percent, from $10 million to $1 million, and gave plaintiffs until December 3, four days after the second of two Christie's art auctions where the paintings were to be sold, to come up with the surety bond.

"We’re absolutely elated by this turn of events," said Anne Yastremski, executive director of Preserve Educational Choice, a non-profit organization working to preserve Randolph-Macon Woman’s College and the charitable assets that belong to it.

"We are confident this is the beginning of the end of the College's efforts to use the art collection as anything other than the educational and cultural asset that the donors intended," added Yastremski.

Yastremski ended by pointing out that the best course of action for Randolph College is to admit the mistakes of the past year and recognize that its future viability is premised on its 115-year tradition of single-sex education for women in the liberal arts.

"If the Board of Trustees would just do what is right and return the College to its original single-sex education charitable purpose, they would find that the volunteers and donors that are currently supporting our efforts to restore the College are eager to help our alma mater recruit students, raise funds, and help with any challenges Randolph-Macon Woman's College faces," said Yastremski.

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Preserve Educational Choice, Inc. is a tax-exempt, non-profit organization founded in September 2006 to oppose the R-MWC Board of Trustees' move to make the college coeducational and adopt "global honors" as a curricular focus. Supporters include more than 1,000 R-MWC alumnae, students, parents, faculty, staff, and former trustees united by a concern for the college's future. For more information about PEC please see www.preserveeducationalchoice.org.