Corinthian Receives Continued Accreditation for GMI Atlanta and Two Branches
24 Juillet 2006 - 11:11PM
PR Newswire (US)
SANTA ANA, Calif., July 24 /PRNewswire-FirstCall/ -- Corinthian
Colleges, Inc. (NASDAQ:COCO) has received notification that the
Accrediting Bureau of Health Education Schools (ABHES) has granted
Corinthian's GMI Atlanta campus continued accreditation through
December 31, 2007. The grant of accreditation also includes GMI
Atlanta's branch campuses in Marietta and Jonesboro, Georgia. In
December 2005, ABHES denied continued accreditation of GMI Atlanta
and its two branches, and the Company appealed that decision in
January 2006. In March 2006 an ABHES appeals panel remanded
(returned) the decision to continue accreditation to the ABHES
Commission for further consideration. The grant of continued
accreditation signifies that the three GMI campuses have met ABHES
eligibility criteria and evaluation standards and comply with the
policies and procedures for maintaining accreditation. In a
separate notification, ABHES granted continued accreditation
through December 31, 2009 for Corinthian's Olympia Institute in
Grand Rapids, Michigan and two branch campuses in Kalamazoo,
Michigan and Merrillville, Indiana. Corinthian had previously
disclosed that ABHES had placed these three institutions under a
"show cause" directive. ABHES vacated the show cause directive
because these campuses now meet required accreditation standards.
"We are gratified to receive continued accreditation for six of our
schools," said Jack D. Massimino, Corinthian's chief executive
officer. "We are working diligently to ensure that all of our
campuses meet accreditation standards, and as these decisions by
ABHES demonstrate, we have made substantial progress during the
past year." About Corinthian Colleges, Inc. Corinthian Colleges,
Inc. is one of the largest post-secondary education companies in
North America, operating 97 schools in 25 states in the U.S. and 34
schools in seven provinces in Canada. The Company's mission is to
help students prepare for careers that are in demand or advance in
their chosen career. Corinthian offers diploma programs and
associate's, bachelor's, and master's degrees in a variety of
fields, including healthcare, transportation maintenance and
technology, trades, business, and criminal justice. Contacts:
Investors: Anna Marie Dunlap SVP Corporate Communications
Corinthian Colleges, Inc. 714-424-2678 Media: Robert Jaffe Pondel
Wilkinson, Inc. 310-279-5969 DATASOURCE: Corinthian Colleges, Inc.
CONTACT: Investors, Anna Marie Dunlap, SVP Corporate Communications
of Corinthian Colleges, Inc., +1-714-424-2678; or Media, Robert
Jaffe of Pondel Wilkinson, Inc., +1-310-279-5969, for Corinthian
Colleges, Inc.
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