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Corinthian Colleges Promotes Robert Owen to Senior Vice President, Chief Accounting Officer SANTA ANA, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) announced the promotion of Robert C. Owen to senior vice president and chief accounting officer, a new position. Owen, who joined Corinthian in 2004 as vice president and controller, has more than 20 years of experience in industry and public accounting. Previously, he served as vice president and controller for Princess Cruise Lines and as assistant controller for Royal Caribbean Cruises. He began his career at Deloitte & Touche, where he spent 11 years in successively responsible audit positions, both in the U.S. and Canada. "Bob has been a valuable addition to our team," said Jack D. Massimino, president and chief executive officer. "This promotion recognizes his contributions to Corinthian as well as our commitment to building the leadership bench essential for continued growth. Bob will also continue to be instrumental in helping Corinthian meet the new Sarbanes Oxley requirements we have as a public company." Owen earned a B.B.A. degree in accounting from Florida Atlantic University. He obtained his license as a Certified Public Accountant in Florida in 1985 and as a Chartered Accountant in Ontario, Canada in 1994. 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 14 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. 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 the effectiveness of the company's regulatory compliance efforts 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 of PondelWilkinson Inc., +1-310-279-5980 for Corinthian Colleges Inc.

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