Corinthian Colleges Opens Fifth Olympia College in Greater Chicago Area
01 Février 2005 - 1:45PM
PR Newswire (US)
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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