COCO Vita Coco Company Inc

Awaiting Final Results of Independent Stock Option Review SANTA ANA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) plans to report fiscal 2007 first quarter financial results on Wednesday, November 15, 2006 instead of November 1, 2006. We expect to release earnings prior to market open and host a conference call to discuss our performance and outlook. Details regarding the conference call can be found below. As previously reported, a special committee of independent directors (the "Special Committee") is reviewing the Company's historic stock option grants. We currently expect the Special Committee to complete its investigation shortly. We did not file our fiscal 2006 Annual Report on Form 10-K ("10-K") in a timely manner because the Special Committee had not completed its work. We plan to file our 10-K as soon as practicable following completion of the Special Committee's investigation and the presentation of its findings to the Board. We have received a Nasdaq Staff Determination letter stating that our common stock is subject to delisting from the Nasdaq Global Select Market for failure to file our 10-K. We have appealed the Staff Determination and a hearing before the Nasdaq Listing Qualifications Panel is scheduled for November 9, 2006. The Panel has stayed the suspension of trading in Corinthian securities pending a decision, but there can be no assurance that the Panel will grant our request for continued listing. Conference Call Information The above-referenced conference call will be held on Wednesday, November 15, 2006 at 12:00 p.m. EDT (9:00 a.m. PDT). The call will be open to all interested investors through a live audio webcast via the internet at http://www.cci.edu/ (Investor Relations/Webcasts & Presentations) and http://www.earnings.com/. The call will be archived on http://www.cci.edu/ after the call. A telephonic playback of the conference call will also be available through 5:00 p.m. EDT, Wednesday, November 22. The playback can be reached by dialing (888) 286-8010 (domestic) or (617) 801-6888 (international) and entering passcode 92863736. About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating 95 schools in 26 states in the U.S. and 32 schools in the seven provinces of Canada. The Company's mission is to prepare students for careers in demand or for advancement in their chosen field. Corinthian offers diploma programs and associate's, bachelor's, and master's degrees in a variety of high-demand occupational areas, including healthcare, business, criminal justice, transportation technology and maintenance, construction trades and information 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 be subject to the "safe-harbor" provisions of that Act. Many factors may cause the Company's actual results to differ materially from those discussed in any such forward-looking statements, including risks associated with delays or complications in the Company's ongoing review of its historic stock option grants, the Special Committee's independent investigation of such matters, and the SEC's informal inquiry. Contacts: Investors: Anna Marie Dunlap SVP Investor & 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 Investor & Corporate Communications, Corinthian Colleges, Inc., +1-714-424-2678; or Media, Robert Jaffe of Pondel Wilkinson, Inc., +1-310-279-5969, for Corinthian Colleges, Inc. Web site: http://www.cci.edu/

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