Corinthian Colleges Receives Additional Nasdaq Staff Determination Letter
21 Novembre 2006 - 1:45PM
PR Newswire (US)
SANTA ANA, Calif., Nov. 21 /PRNewswire-FirstCall/ -- Corinthian
Colleges, Inc. (NASDAQ:COCO) has received an additional Nasdaq
Staff Determination letter stating that the Company's common stock
is subject to delisting from the Nasdaq Global Select Market for
failure to file a fiscal 2007 first quarter Form 10-Q ("10-Q") with
the Securities and Exchange Commission (SEC) by the required
deadline. Timely filing of annual and periodic reports with the SEC
is required for continued listing under Nasdaq Marketplace Rule
4310(c)(14). The Company had previously filed a Form 12b-25 with
the SEC indicating that the Company would be unable to file its
10-Q by its required due date of November 9, 2006 due to the
Company's ongoing review of its historic stock option grants. In
October, the Company received a Nasdaq Staff Determination Letter
stating that the Company was subject to delisting for failure to
file its fiscal 2006 Form 10-K ("10-K") by the required deadline.
The Company appealed that staff determination in a hearing on
November 9, 2006. The Company expects to file its 10-K and 10-Q as
soon as practicable. When both filings have been made, the Company
expects Nasdaq to cease delisting proceedings against the Company.
About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of
the largest post-secondary education companies in North America,
operating 94 schools in 25 states in the U.S. and 33 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
career. Corinthian offers diploma programs and associate's,
bachelor's, and master's degrees in a variety of fields, including
healthcare, transportation technology, criminal justice, business,
information technology, and construction trades. 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 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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