NEW YORK, NY – June 9, 2010 – Walk2Campus Holdings (“W2C”), founded in 2004, owns and manages approximately 400 bedrooms in three university towns – Farmville, VA (Longwood University), Rock Hill, SC (Winthrop University) and Cortland, NY (SUNY Cortland).

The company focuses on providing high-quality and safe housing in close proximity to the university campus. Its properties are newly-renovated and well-maintained, offering a superior living experience to W2C’s three related customers – students, their parents, and the university.

“Walk2Campus is a solid, young company with an impressive management team and a compelling plan for long-term growth. The company’s discipline and commitment to partnership with its constituent university communities have served it well thus far, and we are excited to be working with Matt King and his team as they expand the markets they serve,” said Michael D. Milligan, President and Chief Executive Officer of Axel Johnson Inc. He added, “We believe that the market for high-quality off-campus student housing will continue to grow over time, and that Walk2Campus’s professionalism and commitment to service will make it the preferred partner for its selected universities.”

Axel Johnson Inc. acquired its interest in W2C through its wholly owned subsidiary, NewtrAx LLC, which focuses on making minority investments alongside owners and entrepreneurs who are committed to growing and building sustainable long-term businesses.

For further information, please visit www.walk2longwood.com, www.walk2winthrop.com, www.axeljohnson.com.

Contacts
Ben Hennelly
Executive Vice President and Chief Financial Officer
Axel Johnson Inc.
(646) 291-2899