Corinthian Colleges Opens Everest Institute in Silver Spring, Maryland
08 Février 2005 - 1:45PM
PR Newswire (US)
Corinthian Colleges Opens Everest Institute in Silver Spring,
Maryland - Third Washington, D.C. Area Campus; Fourth New Campus
Opened in Fiscal 2005 - SANTA ANA, Calif., Feb. 8
/PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO)
opened a new Everest Institute in Silver Spring, Maryland, the
school's third campus in the greater Washington, D.C. metropolitan
area and first in the state of Maryland. The new Everest
Institute-Silver Spring will initially offer a diploma program in
medical assisting to prepare students for careers in healthcare.
Corinthian expects the campus to have a student population of
approximately 400 within two years of its opening. The new facility
at 8757 Georgia Avenue in downtown Silver Spring will eventually
encompass approximately 30,000 square feet and is the fourth new
branch campus Corinthian has opened in fiscal year 2005. The new
Everest Institute joins two Corinthian schools in the greater
Washington, D.C. metro area -- Parks College in Arlington, Virginia
and Parks College in McLean, Virginia. "The opening of Corinthian's
Silver Spring campus highlights our commitment to providing
high-quality career education in the fast-growing Washington D.C.
market," said Jack D. Massimino, chief executive officer. "We are
expanding the opportunities available to adults who want to train
quickly and become employed in a high-demand healthcare
occupation." About Corinthian Colleges, Inc. Corinthian Colleges,
Inc. is one of the largest post-secondary education companies in
North America, operating 93 colleges in 24 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 Silver Spring, Maryland location,
and the company's discussion of opportunities in healthcare. 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 Everest Institute 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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