COCO Vita Coco Company Inc

Corinthian Colleges to Open New Branch Campuses In Massachusetts, Nevada, Virginia SANTA ANA, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. today announced the signing of leases for new facilities in Massachusetts, Nevada and Virginia. The agreements pave the way for Corinthian to open new branch campuses in those states in response to increased demand experienced by already existing colleges in the regions. In Massachusetts, Corinthian has signed a lease for approximately 30,000 square feet of space in Chelsea, part of the greater Boston metropolitan area, for a new Bryman Institute that will be the company's third campus in Massachusetts. The facility is expected to open in the third quarter of fiscal 2004, which will end March 31, 2004. The new Chelsea campus will offer diploma programs in medical assisting, massage therapy and pharmacy tech. In Nevada, Corinthian has signed a lease for approximately 31,000 square feet of space in Henderson, part of the greater Las Vegas metropolitan area, for a new Las Vegas College that will be the company's second campus in Nevada. The facility is expected to open in the second quarter of fiscal 2004, which will end December 31, 2003. The new Henderson branch campus will offer degree programs in medical assisting, business administration and criminal justice. Additionally, Corinthian has signed a lease for approximately 28,000 square feet of space in McLean, Virginia, for a new Parks College that will be the company's second campus in the greater Washington, DC metropolitan area. That facility is also expected to open in the third quarter of fiscal 2004, which will end March 31, 2004. The college will offer degree programs in medical assisting, business administration and criminal justice. "We look forward to opening each of these new branch campuses and to expanding our presence in these great communities to meet the growing demand for high quality, career-oriented education," said David G. Moore, Corinthian's chairman and chief executive officer. "We view our students' prospective employers as our partners, and we look forward to fulfilling their needs with graduates from our programs." Corinthian expects each new school will serve approximately 400 students within two years of its opening. The company expects to open six to eight new branch campuses during its fiscal year ending June 30, 2004. About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, and serves the large and growing segment of the population seeking to acquire career-oriented education to become more qualified and marketable in today's increasingly demanding workplace. Corinthian's colleges offer master's, bachelor's and associate's degrees and diploma programs in a variety of fields, with a concentration on careers in healthcare, business, criminal justice and technology. Corinthian operates 81 colleges and two continuing education centers in 21 states in the U.S., and 46 colleges and 15 corporate training centers in seven Canadian provinces. Upon the expected openings of the Chelsea, Massachusetts, Henderson, Nevada and McLean, Virginia campuses and the previously announced branch campuses in Jacksonville, Florida (third quarter of fiscal 2004) and in Sacramento, California (third quarter of fiscal 2004), the company will operate 86 colleges and two continuing education centers in 21 states in the U.S. and 46 colleges and 15 corporate training centers in seven Canadian provinces. 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. Such statements include, but are not limited to, the company's expectations regarding student population at the Chelsea, Massachusetts, Henderson, Nevada and McLean, Virginia locations, its plans to open between six and eight new branch campuses during fiscal 2004 and the opening dates for previously announced new branch campuses. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including construction delays for new branch campuses, possible failure or inability to attain regulatory consents for branch campuses, potential increased competition, possible changes in student perception, changes in demand for curricula offered by the company, the effectiveness of the company's advertising and promotional efforts, and the 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: Dennis Beal, EVP/CFO, ext. 432, or Diane Donohue, Director, IR/PR, ext. 359, both of Corinthian Colleges, Inc., +1-714-427-3000; or Cecilia Wilkinson or Rosemary Moothart, both of PondelWilkinson MS&L, +1-323-866-6060, for Corinthian Colleges, Inc. Web site: http://www.cci.edu/

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