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Corinthian Colleges Names Murtagh President of CDI Post-Secondary Education Division SANTA ANA, Calif., Dec. 23 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. today announced that William P. Murtagh, Jr., has been named president of the company's CDI Post-Secondary Education Division, a new position. Corinthian acquired CDI Education Corporation in August 2003, and its post-secondary division, headquartered in Toronto, encompasses 46 colleges in seven Canadian provinces. Murtagh brings more than 20 years of experience in education to his new post. Most recently, he served as president of Irvine, California-based International Education Corporation, a 10-campus career training organization operating in three states. Earlier, Murtagh was a minority owner, president and chief executive officer of Professional Training Programs of Denver, Colorado, and became director of operations - southwest for Quest Education Corp. on the sale of Professional Training to Quest. He also served in numerous leadership positions for over a decade with National Education Centers, Inc. Commenting on the appointment, David G. Moore, Corinthian's chairman and chief executive officer, said: "Bill Murtagh has successfully run large, complex post-secondary education organizations. He has demonstrated his ability to enhance the educational quality in the institutions he supervised, expand profitability, develop successful growth strategies, and implement the programs to bring those plans to fruition while remaining keenly focused on the needs of students. We look forward to his contributions to CDI's post-secondary education operations, especially as we continue our focus to integrate CDI into the Corinthian family of schools." Murtagh holds a Bachelor of Arts degree in political science from Fairfield University, Fairfield, Connecticut. CDI's post-secondary schools serve the growing segment of the Canadian population seeking to acquire career-oriented education and training with diploma-granting programs in allied health, business and information technology. 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 83 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 the continuing integration of its post-secondary education campuses in Canada. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including 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.

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