Corinthian Colleges Opens Fifth Olympia College in Greater Chicago Area - North Aurora Campus is Third Branch Campus Opened in Fiscal 2005 - SANTA ANA, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) opened a new Olympia College in North Aurora, Illinois, the school's fifth campus in the greater Chicago area. Initially, Olympia-North Aurora is offering diploma programs in medical assisting and massage therapy. Corinthian expects the campus to have a student population of approximately 400 within two years. "Corinthian is pleased to further expand the Olympia presence in the greater Chicago area, where we have built a strong brand reputation with students and employers for high quality allied health programs," said Jack D. Massimino, president and chief executive officer. "The opening of the North Aurora campus will allow us to prepare an even greater number of Chicago-area students for careers in demand." The new facility, located at 150 South Lincolnway, Suite 100, has approximately 38,000 square feet, and it is the third new campus Corinthian has opened in fiscal year 2005. Corinthian also operates Olympia Colleges in downtown Chicago, Skokie and Burr Ridge, Illinois and Merrillville, Indiana, and has previously announced its plans to open an additional campus in Merrionette Park, Illinois. About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating 92 colleges in 23 states in the U.S. and 45 colleges (including 10 colleges scheduled for closure in fiscal 2005) and 15 corporate training centers in seven provinces in Canada. The Company's mission is to help students prepare for careers that are in demand or to advance in their chosen career. Corinthian offers diploma programs and master's, bachelor's and associate's degrees in a variety of fields, concentrating on careers in health care, business, criminal justice, transportation maintenance, trades and technology. Certain statements in this press release may be deemed to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. The Company intends that all such statements, including the quote from Jack D. Massimino, be subject to the "safe-harbor" provisions of that Act. Such statements include, but are not limited to, the Company's expectations regarding the new North Aurora, Illinois location, and the Company's discussion of opportunities in the allied health field. Many important factors may cause the Company's actual results to differ materially from those discussed in any such forward-looking statements, including possible changes in student perception; potential changes in the demand for curricula offered by the Company; possible changes in the effectiveness of the Company's advertising and promotional efforts; general changes in the economic climate in the U.S.; potential increased competition; variability in the effectiveness of the Company's regulatory compliance efforts; potential delays, difficulties or additional expenses in opening the Olympia College campus and other planned branch campuses; possible failure or inability to obtain regulatory consents for other branch campuses; and other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission. The historical results achieved by the Company are not necessarily indicative of its future prospects. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Corinthian Colleges, Inc. CONTACT: Investors, Anna Marie Dunlap, SVP Investor Relations/Corporate Communications of Corinthian Colleges, Inc., +1-714-424-2678; or Media, Cecilia Wilkinson or Rosemary Moothart, both of PondelWilkinson Inc., +1-310-279-5980, for Corinthian Colleges, Inc.

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